Deere sees China as key to sales growth

03/14/2008 | United Press International

Deere & Co. is looking to China and other overseas markets to fuel its future growth, a company executive said Thursday at a Las Vegas trade show. "China is clearly a very large market," said Samuel Allen, president of Deere's construction and forestry division, adding that no single equipment manufacturer has "more than a 6% or 7% market share." Currently the U.S. and Canada account for almost 90% of Deere's $4 billion in annual sales of construction equipment.

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