Michelin today announced its plan to invest more than $100 million into its Junction City, Kan. operations over the next 5 years to increase production capacity of tracks for agricultural equipment.
According to an Oct. 18 report from Nikkei Asia, the factory's scheduled production run of 5,000 units per year is a 70% increase from the originally forecast 3,000 units per year.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.