Italian engineering group Carraro had a double celebration when it secured a new contract with AGCO and reported improved financials for its mechanical engineering business units.
The 5-year contract with AGCO is worth more than $32 million at current exchange rates for the supply of tractor front drive axles and drop gearboxes for installation on new 80-120 horsepower tractors to be produced in China at AGCO’s new $300 million Changzhou facility.
The plant is due…
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
