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November Business News: Ritchie Bros., John Deere, Gormann-Rupp and more
The board of directors for Deere & Co. approved an investment plan to establish a manufacturing and parts center in Russia. The project will be located near Moscow, near the Domodedovo International Airport.
The new site will be used to manufacture a range of John Deere products, including construction and forestry products, as well as tractors and harvesting equipment. At the same time, Deere will consolidate several depots into one site to improve parts and after-sales service to customers.
Samuel Allen, Deere’s president and CEO, said this is the first step to achieve the vision for Russia that Deere announced in July 2009 at the U.S.-Russia Business Summit and indicated the company’s intention to significantly expand its presence in the country, which Deere views as an important growth market for agriculture, forestry and construction equipment.
John Deere has been doing business in Russia for more than 100 years and recently has invested to expand operations, employment and sales in the Russian Federation. 800.503.3373, www.deere.com
The Gorman-Rupp Co., Mansfield, OH, was recognized as Exporter of the Year by the Ohio Department of Development.
Gov. Ted Strickland presented this award to the company at a ceremony in Columbus, OH, on Aug. 26, recognizing 27 Ohio companies receiving the “2009 Governor’s Excellence in Exporting Awards.”
Accepting the award on behalf of all Gorman-Rupp employees, Jeffrey Gorman, Gorman-Rupp’s president and CEO, acknowledged the strong volume of export business of many Ohio companies and was pleased to have Gorman-Rupp specifically recognized for its strong efforts in expanding international sales and the related jobs created in Ohio. 419.755.1011, www.gormanrupp.com
Bobcat Co., West Fargo, ND, announced that it is transferring all North American machinery production to its original manufacturing facility in Gwinner, ND. This will result in discontinuing production at Bobcat’s Bismarck, ND, plant by the end of 2009.
Currently, Bobcat mini excavators, the Toolcat utility work machine, the S70 skid-steer loader and mini track loaders are made in Bismarck, while all other Bobcat skid-steer loaders, compact track loaders and all-wheel steer loaders are manufactured in Gwinner.