CLAAS Will Invest 680 Million Rubles in the Upgrading of the Plant by the End of 2021

September 22, 2020 / Investment

Until the end of 2021, CLAAS plans to invest about 680 million rubles in the upgrading of the Krasnodar plant. Michael Ritter (the General Director of CLAAS LLC) and Roman Prokuratov (the Technical Director), representatives of the company, spoke about this at a press conference.

According to the company representatives, the manufacture of Tucano combine harvesters in Krasnodar in 2020 increased by 27% compared to 2019. In addition, the plant delivered these products to the Central European market for the first time. In 2020, CLAAS plans to increase the production of harvesters by another 20%.

Commenting on the increase in the level of manufacture localization, which is a part of the company’s special contract with the Russian Federation, Roman Prokuratov noted that while in 2015, it took 70 hours to produce one combine, then currently, it takes about 280. According to him, this indicates a high level of localization and the complexity of products. The next weakening of the ruble against EUR and USD this spring, according to the company representatives, did not affect the cost of products in rubles, since manufacturing processes are maximally tied to the Russian national currency.