According to a report from Agroportral24h, at the 74th anniversary of the company's Minsk Tractor Plant, Minsk Tractor Works confirmed it had produced 40,000 tractors in 2019, with a goal of producing 60,000 in 2030.
The company currently has 22,754 employees, confirming it had plans to reduce that number to 15,000 by 2030. One way MTZ plans to accomplish this is through "technical innovations in production."
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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.
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