Deere Plans To Double Sales By 2018

Farm & construction machinery maker Deere & Co. said it aims to almost double its net sales by 2018 with expansion of its global footprint amid continuing strong demand for farm machinery and construction equipments.

At the company's annual shareholders' meeting, Chairman and CEO Samuel Allen said that the company plans to reach net sales of $50 billion, compared to its 2011 sales outlook of $26.97 billion. The company also targets a 12% growth in operating margins by 2014.

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