A new management team at Maschio Gaspardo Group in Italy has committed to continuing its program of growth that was spearheaded by joint founder Egidio Maschio, who died in June. Before his death, the former president of the company instigated the appointment of Massimo Bordi, a former CEO of the Same Deutz-Fahr Group, as CEO.
At a newly opened factory in China, Italy’s Maschio Gaspardo plans to double production of mulchers, rotary tillers and precision planters as the group pursues a multi-million dollar investment plan (Ag Equipment Intelligence, September 2014).
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.
Italian tillage equipment specialist Maschio Gaspardo is looking to record a big increase in revenues this year following the acquisition of two spraying equipment companies toward the end of 2012.
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In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.