One of Italy’s leading agricultural implement manufacturers increased sales and returned to profit last year, bringing a positive note to a difficult period for the Maschio-Gaspardo group following the death of one of its founders. The business recorded an 11% increase in revenues, up from the equivalent of $335 million in 2016 to $373 million at current exchange rates.
AGCO is investing the equivalent of $12.2 million in European hay tool production as a strategy to strengthen the full line credentials of the Fendt and Massey Ferguson lines that appear to be gaining momentum.
First fruits of a “multi-million” dollar, multi-year contract for the track systems arm of Soucy Group have been revealed in the form of a new track assembly for John Deere combines.
Total tractor sales (includes domestic sales in India and exports) for the month were at 47,376 units vs. 40,562 units during the same period last year.
Manitou Group, a worldwide manufacturer of rough-terrain handling equipment for construction, agriculture and other industries, reported third quarter revenues of €419 million ($478 million), up 18% vs. third quarter 2017.
The new EU regulation is actually a set of new machinery standards, and it went into effect Jan. 1, 2016 though it wasn’t extended to all new tractors put on the market (regardless of whether they were new or used) until the beginning of 2018.
Amazone, the German manufacturer whose ag products include tillage equipment, grain seeders, fertilizer spreaders and crop sprayers, is adding hoeing (weed removal) technology with the transfer of the Maschinenfabrik Schmotzer GmbH’s product line to its other ag machinery, effective Jan. 1, 2019.
The tractor maker is in the process of increasing capacity by an additional 50,000 units spread across its Bengaluru and Bhopal plants, which produce the Massey Ferguson and Eicher brands, respectively.
Drought conditions have left arable farms with smaller yields, while dairy operations have had to purchase feed as a result of compromised grass growth. Pig farmers, meanwhile, face the growing threat of African swine fever (ASF). As a result, agricultural professionals view their prospects for business development in the coming 12 months as mixed.
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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.