February 4, 2005
Deere & Company has opened an assembly facility in Orenburg, Russia to provide seeding carts and air seeding tools to customers in Russia and other CIS markets.
Establishing the assembly operation in Russia is intended to lower logistics cost and improve order fulfillment for customers in the region, the company said.
In December, the company announced that Deere Credit Inc. and Rosagroleasing of the Russian Federation had agreed to a Credit Facility Agreement guaranteed by the Export–Import Bank of the United States. The agreement provides up to $25 million for Russian customers to lease U.S.-built John Deere agricultural equipment.