The company plans in 2017 to increase output by more than 6.5 times or up to 450 units, said the Director of the branch Dmitry Novgorodov on the investment Board of the region.

The Director noted that this year's production of farm machinery again started to rebuild. While last year it amounted to only 65 units, which is almost half of the plan.

In 2014, the company sent about $ 45 million in the expansion of production and acquisition of industrial space opened in Orenburg enterprises. The funds were aimed at opening plant for welding and painting of agricultural machinery.

Another topic of the meeting was the termination of the affiliate agreement on the reconstruction of the plant. It was concluded and included in the list of priority investment projects at the end of 2014, however, the present obligations have not been met. Under the agreement, the plant received the right to a zero tax rate on the property until 2020. Following the meeting, it was decided not to cancel the contract, since the branch deals with other important investment projects.

About the company:

Deere & Company is an American engineering company that manufactures agricultural, construction and forestry equipment. The world's largest in 2009, the manufacturer of agricultural machinery.

www.deere.ru