Deere Looking At Russian Tractor Factory?
Posted on March 29, 2006
Deere & Co. may be considering an agricultural tractor factory in Russia, according to Reuters.com. The news service said Russia’s Agriculture Ministry released a statement that Deere Chairman Robert Lane met recently Agriculture Minister Alexei Gordeyev and discussed building a tractor manufacturing operation. The statement added that Lane said a 3-year study had shown that such an investment was worthwhile. Deere established a tractor assembly and sales operation in Russian in 2005.