Having lost ground following an exceptional €515 million ($531 million) peak in 2013 with a recent year low of €402 million ($455 million) in 2015, the German company’s sales figures rebounded in subsequent years, by a modest 1% in 2016 and a very respectable 12.5% in 2017.
German farm equipment manufacturer Lemken reports that it was able to grow its business in the past year even though conditions proved generally difficult.
The Väderstad Group, which encompasses worldwide manufacturing and distribution businesses including North American operations based in Langbank, Sask. (production) and Cambridge, Ont. (sales), generated 27% more turnover in its 2018 financial year.
Art’s Way, a manufacturer and distributor of niche farm machinery, modular buildings and tools, reported on Feb. 4 that its consolidated net sales for the fiscal year ended on Nov. 30, 2018, declined by 4.8% to $19.7 million vs. $20.7 million in 2017.
Hay equipment specialist Krone chalked up another set of record results in its financial year to the end of July 2018, with ag equipment revenues up more than 10% at €642.3 million ($730.4 million). Add in Krone’s larger commercial trailers business and the group breached €2 billion ($2.28 billion) turnover for the first time.
The €20 million ($22.6 million) facility has gradually been brought into operation over recent months to handle in-flows of raw materials and components for manufacturing operations at the plant.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.