Late last month, Samuel Allen, chairman and CEO of Deere and Co., told shareholders that he wants the company to deliver three times as much profit at normal operating volumes as part of his John Deere Strategy.
A regional commercial court in France has secured the future of the ARGO Group’s St. Dizier transmission manufacturing and assembly plant by accepting a plan that moves it out of “administration” and back into private ownership.
Plans to expand sales of Kuhn brand fertilizer broadcasters and seed drills in North America have been underpinned by significant investment in the company that manufactures these products.
The remaining operations of a factory that was once a major International Harvester component manufacturing and tractor assembly plant could close as a result of the ARGO Group’s decision to liquidate the operating company, McCormick France, which is now being managed by a court-appointed administrator.
Norway-based Kverneland has invested the equivalent of $5.5 million in its new baler manufacturing partner Gallignani by acquiring a nearly 40% shareholding in the Italian business — a slightly bigger stake than originally envisioned.
Managers and engineers at Great Plains Manufacturing and its newly acquired English subsidiary, Simba International, are wasting no time exploiting their new relationship.
Europe’s farm equipment manufacturers are still investing in production and sales, service and distribution resources despite the current slowdown in European and other farm equipment markets around the world.
When it completes its December 6 acquisition of Fairbank International’s 6 Nebraska stores, the Titan Machinery network will consist of 77 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska and Wyoming.
RDO Equipment Co. announces that it has acquired the assets of Pringle Tractor Co., a John Deere agriculture dealership with locations in Salinas and Watsonville, Calif., effective on October 29, 2010.
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