Beet Harvester and Sprayer Sales Produce Solid Results for Exel

An effective response to a record order book for new sugar beet harvesters, together with continuing international sprayer sales recovery, helped French equipment manufacturer Exel Industries post record fourth quarter revenue growth. The surge was led by the group’s Agrifac and Holmer beet harvester operations as the removal of European tonnage quotas resulted in a 20% increase in the area grown.

“Revenue was €115.9 million ($135 million) for the fourth quarter alone, which is as…

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