In a new agreement boosted by the Brazilian government, Korean company LS Tractor will be the only company in the country to export tractor components from its factory in Santa Catarina to its new factory in Nigeria. The intention is to export 60, 80 and 145 horsepower tractors. The agreement is supported by the Deutsche Bank and Brazil’s National Economic and Social Development Bank (BNDES) and backed by a R$1.1 billion loan. The expectation of…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
