Ekotechnika, the holding company for Ekoniva-Technika, Russia’s largest dealer in foreign-branded farm machinery, remains confident in the potential of the Russian market, calling it “one of the major growth markets” for ag equipment despite a “less-than-optimal trading environment” in 2013, according to a Nov. 20 report from Agrimoney.com.
John Deere is using the CTT show in Moscow to announce two new Russian dealers and affirm its commitment to growing the Russian and CIS (Commonwealth of Independent States) markets — continuing a presence that dates back to the 1880s and the company's first sales in the country.
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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.