Continued growth in Russia, in terms of the overall market and sales territory, helped lift revenues by 21% at one of the country’s largest dealer groups last year.
A long-established agricultural equipment company in the Czech Republic that re-modelled its business toward contract manufacturing for OEMs is building a new plant in Russia to help its big-name customers exploit the machinery market there.
According to a report in New China (english.news.cn), Russia is planning to allocate 3 billion rubles ($46 million) to upgrade the country’s ag equipment and to reduce the financial burden on lessees.
Seeder and tillage equipment manufacturer Väderstad has reached an agreement to distribute its products in Russia and Ukraine through John Deere dealerships.
The Russian market for combines declined by more than 20% in the first half of 2013 as a result of the duty imposition of safeguard tariff measures and restricted access to subsidized loans, according to VDMA, the agricultural machinery association based in Frankfurt, Germany.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.