Sweden-headquartered tillage and seeding equipment manufacturer Väderstad will underscore its commitment to the Wahpeton, N.D., operations it bought last year by constructing a new multi-purpose building on the site.
Record turnover and a big jump in profits will result in further production capacity investments at Väderstad plants in the United States and Canada, as well as the company’s headquarters manufacturing facilities in Sweden.
Despite an extra two weeks of factory shut-down while COVID-secure work practices were put in place, Väderstad still managed to achieve record sales and earnings in 2020, helped by a “significant lift” in sales in Canada.
Despite an extra two weeks of factory shut-down while Covid-secure work practices were put in place, Väderstad still managed to achieve record sales and earnings in 2020, helped by a “significant lift” in sales in Canada.
With increased market shares of tillage and seeding machinery in Canada and Europe, Väderstad finished the decade with another full year record sales figure that continued the Swedish group’s growth trajectory of the past 5 years.
According to Dan Somlin, managing director of the components business, much of the $4.26 million invested has focused on creating fully automated processes for component manufacture using advanced robotics.
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