The delivery of 587 tractors to Cuba by Chinese YTO Group, a leading manufacturer of agricultural machinery, is a courageous respite for the domestic food production, based mainly on the existing technological obsolescence in that key sector…Full Article: Cuba Headlines Sept 2015
- The tractor agreement was signed between China’s YTO Group and Cuba’s TecnoImport. The most powerful tractors (160 horsepower) will be used to harvest sugar, while less powerful tractors (65 to 90 horsepower) will be used to aid farmers and field laborers.
- In July 2014, President Xi Jinping paid his first-ever state visit to Cuba and 29 cooperation agreements were subsequently signed. Regarding agricultural cooperation, China and Cuba agreed to build a pilot agricultural park in Cuba (Chinese to provide training). In addition, both sides agreed to research and develop the Moringa tree, a tree with high nutritional content that is grown in both Cuba and southwestern China.
- Founded in 1955 and headquartered in Henan province, YTO Group Corporation is a Chinese agricultural machinery and construction machinery manufacturer that already has investments (e.g. joint ventures) in Indonesia and Thailand.