Ukraine to Assemble Claas Harvesters This Year, Minister Says

Claas KGaA, Europe’s largest maker of agricultural machinery, will start assembling harvesters in Ukraine this year as the country upgrades its farming equipment to boost crop yields, Agriculture Minister Mykola Prysyazhnyuk said.

Ukraine wants to assemble Tucano-440 harvesters at TOV NVP Khersonski Mashinobudivni Zavod, the minister said in e-mailed statement today. A “significant” portion of the harvesters assembled in Ukraine will be sold locally and leasing terms are being worked out, he said.

Ukraine, the world’s largest exporter of sunflower oil and fourth-biggest exporter of corn, seeks to increase its annual grain harvest to about 80 million metric tons from 46 million tons in 2012, Prime Minister Mykola Azarov said April 10.

Before it's here, it's on the Bloomberg Terminal.