From for Production in Europe: Tractor Manufacturers Withdraw Production to Asia

tvp.info

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The Czech company has been producing tractors since 1946. According to a statement from the company, production will be moved to Asia due to rising material costs. "Producing small and medium-sized tractors in Europe makes no sense under current conditions," Zetor COO Robert Harman said in a statement, as quoted by Reuters. Zetor Tractors will use a joint venture in India for production. The company also plans to cooperate with Chinese partners.…

www.t-online.de

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Industry in the European Union is increasingly losing competitiveness. Now, a vehicle manufacturer is drawing consequences.

RTV Slovenija

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Czech tractor manufacturer Zetor Tractors will end domestic production after 80 years and move it to Asia due to high costs, the company announced.

Novinky.cz

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Zetor Tractors will end tractor production in Brno and move it outside of Europe to Asia. The main reason is the long-term increase in material prices. The headquarters, sales and parts distribution will remain in Brno. The company will complete orders this year. The decision will affect 33 jobs in production. The notice periods will expire by the end of the year.

auto.cz

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The Brno-based tractor manufacturer Zetor Tractors is ending tractor production in Brno after 80 years. It is moving production to India, as production in Europe is inefficient, according to the company's management. The company's headquarters, development center, and a spare parts store and distribution center will remain in Brno. The termination of production will affect 33 people. The company announced this in a press release.

Živě.cz

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On March 15, 1946, the first three Czechoslovak Zetor Z 25 tractors rolled off the production line. After eighty years and four months, however, it was time to go out. One of Czechoslovakia's industrial icons finally decided on what had been in the air for years, when the once extensive industrial complex on ...