As the nation looks to try and increase exports and its foreign economic presence, Deere & Co. recently announced it has opened a new facility outside the Russian capitol.
The John Deere Domodedovo site will produce farm equipment, along with machines for forestry and construction. Additionally, it will act as a parts-distribution center for the area.
Deere & Co. chairman and chief executive officer Samuel Allen said that Russia has an established record of using advanced equipment in forestry and agriculture, along with new methods associated with these industries.
"These are critical to the health and development of large-scale farming and forestry," Allen said. "They also tend to be a good match for the capabilities of John Deere products."
Plans for the facility were first presented by the company nine months ago. The company said cooperation from the Russian government, and other entities, were a central factor in being able to open the site so quickly.
While Deere & Co. continues to increase its international footprint, the Obama administration has put forward the goal of doubling U.S. exports over the next five years. That would include expanding the country's international agricultural output.
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