Dmitry Teplov told about a trend of local agricultural machinery manufacturing content in Russia

09/30/2017

Due to introduction of food import embargo by Russia and the local content policy the agricultural field is sustainably growing. However even more rapid growth is prevented by unavailability of advanced and efficient agricultural machinery.

There was a time when most part of agricultural machinery was imported. But this trend was broken several years ago.

According to results of 2016 machinery manufacture in Russia grew by 58% and achieved the level of RUB 88.2 billion. Several factors facilitated this process at the same.

First of all, exchange rate of euro and US dollar grew by 2–2.5 times. Surely, few companies can afford purchase of the equipment at such price. As a result, on the one hand, volumes of sales and production at national machine building companies have increased, on the other hand – foreign companies that strive to retain our customers started to change their business strategy and to open and / or expand their production here.

Secondly, the national policy is aimed at support of Russian machine building companies. Read more at Business Petersburg portal.

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Dmitry Teplov told about a trend of local agricultural machinery manufacturing content in Russia