| John Deere to invest 125 mln USD in skidder production in Russia |
| Thursday, 03 September 2009 | |
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John Deere is to invest 125 mln USD in construction of facilities for skidder production at the site of Industrial park Yuzhnye Vrata. It amounts to ¼ of expected investments in Russia. The final decision to be taken by the Ministry of Industry and Trade of the RF, John Deere is to start machinery supply. Expected start-up falls on QI 2010. The production is to be localized in future with imported spare parts to be mainly used at first. Skidders’ lineup is not revealed currently. Reference: Business Support Bureau "Runa" www.runa.info For more information about Russian timber industry, please see MOST (Market Overview. Statistics. Trends) - regularly updated digest of the situation in the Russian timber industry! |