Maschio Gaspardo Plans Major Manufacturing Expansions After 20% Revenue Gain in 2013

Italy’s Maschio Gaspardo group plans to spend €130 million ($177 million) in capital investments over the next 5 years to build on the €120 million ($163 million) investment it has made in the 3 years from 2011 to 2013.

The money will be used to complete start-up operations at the DeWitt, Iowa, facility acquired for planter production and North American sales and parts logistics (see Ag Equipment Intelligence, May 2014), and to fund a…

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