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02-29-2008, 06:04 PM
|
#1 (permalink)
| | Premium Site Sponsor
Status:  Join Date: Dec 2007 Location: UpState NY
Posts: 379
Points: 0  |  Deere Buys Half Of China Equipment Maker
Deere Buys Half of China Equipment Maker
AP
Posted: 2008-02-29 09:45:24
MOLINE, Ill. (AP) - Lawn-care and farming equipment maker Deere & Co. said it agreed to buy 50 percent of a Chinese construction equipment maker, expanding its presence in what is the company's fastest growing market.
Deere did not disclose terms of its deal for Xuzhou Xuwa Excavator Machinery Co., which is a unit of Xuzhou Bohui Science and Technology Development Co.
The purchase requires approval from the Chinese government. | | | |
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02-29-2008, 07:12 PM
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#2 (permalink)
| | Senior Member
Status:
 Join Date: Oct 2007 Location: Central Connecticut
Posts: 254
Points: 0 |
Actually, to Deere insiders, this is not new news. Last summer Deere purchased the largest tractor manufacturer in China . . . and . . . the scuttlebut is that Deere will introduce a line of Compact tractors, built in China, this fall. Deere has been getting a lot of pressure from the lines that are built in Korea, India, etc. |
Cheers
JDFANATIC
JD2210, 62C MMM, 210 FEL w/53" Bucket, Heated Cab, 46" Single-Stage Snowthrower, PTO Spreader, Folding ROPS, FEMCO Sprayer, JD Plug Aerator and assorted other attachments. | |
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02-29-2008, 10:35 PM
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#3 (permalink)
| | Rara Avis
Status: Join Date: Nov 2007 Location: Vermont
Posts: 2,006
Points: 0 |
Quote:
Originally Posted by JDFANATIC  Actually, to Deere insiders, this is not new news. Last summer Deere purchased the largest tractor manufacturer in China . . . and . . . the scuttlebut is that Deere will introduce a line of Compact tractors, built in China, this fall. Deere has been getting a lot of pressure from the lines that are built in Korea, India, etc. | That's because the needed to produce more JUNK and the PUNE, INDIA facility wasn't up to the task...  |
Paul in VT
I used to own an ant farm but had to give it up. I couldn't find tractors small enough to fit it.
-- Steven Wright | |
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03-01-2008, 11:29 AM
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#4 (permalink)
| | Moderator
Status: Join Date: Nov 2007 Location: Longmont CO
Posts: 412
Points: 0 |
Quote:
Originally Posted by PaulChristenson That's because the needed to produce more JUNK and the PUNE, INDIA facility wasn't up to the task... | +1
Only china can produce complete and utter crap.  |
Brian H
Longmont CO
Pasture Maintenance
NH TN75DA, NH TC45D,
06 Chevy Duramax 2500HD
03 Freightliner Columbia MBE 460 | |
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03-01-2008, 12:59 PM
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#5 (permalink)
| | Senior Member
Status: Join Date: Nov 2007
Posts: 107
Points: 0 |
Quote:
Originally Posted by LoneCowboy +1
Only china can produce complete and utter crap. | Not true. Every hear of Chrysler?  | | | |
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03-01-2008, 03:11 PM
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#6 (permalink)
| | Premium Site Sponsor
Status: Join Date: Dec 2007 Location: UpState NY
Posts: 379
Points: 0 |
I am sure John Deere will ensure quality coming out of the plant. | | | |
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03-01-2008, 05:12 PM
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#7 (permalink)
| | Senior Member
Status:
Join Date: Oct 2007 Location: Central Connecticut
Posts: 254
Points: 0 |
I agree with Emerich; whatever intended market this venture is going to serve, the quality will be acceptable within it.
Will it just be low-end CUTS? We'll just have to wait and see. |
Cheers
JDFANATIC
JD2210, 62C MMM, 210 FEL w/53" Bucket, Heated Cab, 46" Single-Stage Snowthrower, PTO Spreader, Folding ROPS, FEMCO Sprayer, JD Plug Aerator and assorted other attachments. | |
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03-02-2008, 11:34 AM
|
#8 (permalink)
| | Moderator
Status: Join Date: Nov 2007 Location: Longmont CO
Posts: 412
Points: 0 |
Quote:
Originally Posted by emerichsales I am sure John Deere will ensure quality coming out of the plant. |    
Yeah, right
everything, and I mean EVERYTHING made in china is crap.
and no, I'm not opinionated. |
Brian H
Longmont CO
Pasture Maintenance
NH TN75DA, NH TC45D,
06 Chevy Duramax 2500HD
03 Freightliner Columbia MBE 460 | |
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03-02-2008, 12:22 PM
|
#9 (permalink)
| | Site Ogre & Admin
Status: Join Date: Oct 2007 Location: New York
Posts: 2,234
Points: 69 |
Quote:
Originally Posted by LoneCowboy
and no, I'm not opinionated. | funny I didnt get that impression at all |
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03-02-2008, 08:12 PM
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#10 (permalink)
| | Premium Site Sponsor
Status: Join Date: Dec 2007 Location: UpState NY
Posts: 379
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I have to say , I do sell a generator that's made in china and it doesn't hold up like the others that I sell. It is less than half the price and I explain to my customers thats it's the low end generator and you get what you pay for. Its the only thing I sell that is from china.
I hope John Deere can pull this Off.
Kevin | | | |
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