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DEERE & COMPANY

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Deere mpany : American company to supply large lot of agricultural equipment to Uzbekistan

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04/22/2019 | 05:41am EDT

Baku, Azerbaijan, Apr. 22

By Fakhri Vakilov – Trend:

John Deere company and Uztextileprom signed an agreement to supply large quantities of agricultural equipment to Uzbekistan, Trend reports with reference to Uztextileprom.

Uztextileprom discussed the issue with the delegation of John Deere, during a meeting in Tashkent.

The press service of Uztekstilprom did not announce the value of the contract, as well as what equipment would be supplied to the country.

During the talks, the US side noted that the cluster form of organization of cotton and textile production introduced in Uzbekistan to form market relations between farms and enterprises of the textile industry will allow to further increase the production of raw cotton.

In early April, President of Uzbekistan Shavkat Mirziyoyev signed a decree in accordance with which 30 percent of the costs of cotton harvesting services will be reimbursed to the agricultural enterprises of Jizzakh, Kashkadarya, Surkhandarya, Syrdarya and Tashkent regions.

Founded in 1837, John Deere is the world's leading manufacturer of equipment for the agricultural, logging and construction industries. The company headquartered in Moline, Illinois, USA.

---

Follow author on Twitter:@vakilovfaxri

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials ($)
Sales 2019 35 069 M
EBIT 2019 4 086 M
Net income 2019 3 344 M
Debt 2019 39 785 M
Yield 2019 2,11%
P/E ratio 2019 13,08
P/E ratio 2020 11,57
EV / Sales 2019 2,37x
EV / Sales 2020 2,24x
Capitalization 43 465 M
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Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur Chief Financial & Information Officer, Senior VP
Vance D. Coffman Independent Director
Dipak Chand Jain Independent Director
Clayton M. Jones Independent Director
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