Items Tagged with 'CEMA'

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AEI Newsmakers: August 2024

  • Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
  • CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
  • AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
  • According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business... 
  • JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
  • Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
  • Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
  • Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

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AEI Newsmakers: April 2024

  • Fossil-free steel manufacturer SSAB announced April 10 that John Deere Forestry Oy will replace some of the steel...
  • Same Deutz-Fahr announced March 6 it has opened a sales branch in Santiago de Querétaro, Mexico...
  • The U.S. Department of Energy announced March 14 a conditional commitment to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp., for a $2.26 billion loan...
  • Pricing lifecycle management company Zilliant announced a strategic relationship with AGCO...
  • Tire manufacturers Mitas and Trelleborg announced April 12 that, effective May 2024, they will increase global prices by up to 5%...
  • The Federal Aviation Administration recently granted Texas-based drone builder Hylio a regulatory exemption that will allow it to swarm its heavy-lift drones...
  • CEMA’s general business climate index decreased to a reading of –57 in the April survey vs. –55 last month... 
  • VDMA reported German tractor registrations down 2% year-over-year in March (flattish year-over-year in Q1)...
  • Effective April 1, José Cuadrado has been appointed global chief executive officer at Yanmar Compact Equipment...
  • In its March 11 WASDE report update, USDA’s 2023-24 ending stocks are estimated at 2.122 billion bushels of corn...

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AEI Newsmakers: March 2024

  • A Feb. 28 report from World Construction Network said Kubota had filed a patent for an audio signaling system for automated machines...
  • CNH Industrial announced March 4 a strategic alliance with Telecom Argentina to bring 4G connectivity and digital services...
  • John Deere reported that changing a 620 horsepower 9R tractor to a fully electric version would mean adding almost 60 batteries...
  • Chevron Corp. subsidiary Chevron Renewable Energy Group Inc. will close 2 U.S. biodiesel production plants amid market challenges...
  • Unverferth Manufacturing is looking to hire 45-55 additional people to support increased demand and diversification...
  • Kubota is considering making its own batteries for its ag equipment...
  • Drone, sensors and software solutions provider AgEagle Aerial Systems Inc. announced on March 7 the appointment of retired U.S. Army Major General...
  • In its March 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn...
  • VDMA reported German tractor registrations up 2% year-over-year in February (up 1% year-to-date)...
  • CEMA’s general business climate index decreased to a reading of –55 in the March survey vs. –52 last month...    

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AEI Newsmakers: February 2024

  • Wisconsin Battery Co. announced in December the acquisition of 17 acres in Portage, Wis...
  • The Milwaukee Business Journal published a list of the largest nonprofits in the state of Wisconsin on Feb. 9. The Assn. of Equipment Manufacturers (AEM) topped the list in annual revenues of $35.7 million...
  • AGCO’s critical upgrades to its Hesston facility went live on Jan. 1, and the company brought back the first group of employees returning from furlough in the first week of January...
  • In its Feb. 8 WASDE report update, USDA’s 2023-24 U.S. ending stocks are estimated at 2.172 billion bushels of corn (vs. consensus 2.149 billion bushels)...
  • The prospects of interest-rate cuts were clouded by a Feb. 13 Federal Reserve report that inflation remained higher than expected...
  • Hay and forage equipment manufacturer H&S Manufacturing announced the closure of its Clintonville, Wis., facility, ...
  • Canadian seeding technology manufacturer Clean Seed Capital Group Ltd. announced Feb. 7 the signing of a technology license...
  • VDMA reported German tractor registrations down 1% year-over-year in January. Registrations in the 100+ horsepower category were down 4%...
  • CEMA’s general business climate index decreased to -52 in the February survey vs. -50 last month...

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AEI Newsmakers: January 2024

  • Tire manufacturer Bridgestone announced Dec. 20 it had sold its Russian business to Russian holding company S8 Capital, which includes a tire manufacturing plant, a sales and marketing office and about 1,000 employees.
  • Engine manufacturer Cummins agreed to a record-setting $1.7 billion fine in the settlement of a lawsuit by the U.S. Justice Department and California, according to a Jan. 10 report from Reuters.
  • As part of its efforts to electrify critical off-highway machinery, Bosch Rexroth announced Jan. 9 a partnership with thermal management manufacturer Modine.
  • Kinze has purchased a 443-acre agricultural land tract south of the Phoenix, Ariz., metro area, according to a Jan. 4 report from BNN.
  • During this year’s Consumer Electronics Show, Doosan Bobcat revealed an autonomous and electric articulating tractor — the Bobcat AT450X enabled by Agtonomy.
  • Ag equipment distributor AgLine Distributing & Equipment officially began operations at a Mississippi Band of Choctaw Indians facility in Carthage, Miss., earlier this month, according to a Dec. 27 report from The Nebosha Democrat.
  • Implement manufacturer Lemken has brought South African no-till drill manufacturer Equalizer — which it acquired in January 2023 — to Canada for field testing, according to a Jan. 14 report from Grainews.
  • In its Jan. 12 WASDE report, USDA’s 2023-24 U.S. ending stocks are estimated at 2.162 billion bushels of corn (vs. consensus 2.094 billion bushels) and 280 million bushels of soybeans (vs. consensus 242 million bushels).
  • VDMA reported German tractor registrations down 1% year-over-year in December (flattish in 2023). Registrations in the 100+ horsepower category were up 4% year-over-year (up 5% in 2023).
  • Tractor Zoom, a provider of farm equipment and heavy machinery valuation data, announced Dec. 20 the acquisition of Anvil App Works, a salesforce OEM partner with CRM solutions built for equipment dealerships.
  • Oxbo announced Dec. 21 it will acquire Westside Equipment Co. in Madera, Calif, a manufacturer of tomato and pistachio harvesting equipment. 

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AEI Newsmakers: December 2023

  • the U.S. replaced mainland China as the top buyer of Taiwanese agricultural products for the first time last year.
  • Jost, a producer and supplier of safety-critical systems for the commercial vehicle industry, has announced the construction of a second production plant near the southern Indian city of Chennai.
  • Amazone and FieldView, Bayer’s platform for digital agriculture, announced Nov. 22 they are starting a strategic collaboration with the aim of further promoting and simplifying the adaptation of smart farming practices.
  • In its Dec. 8 WASDE report, USDA 2023-24 U.S. corn outlook is for higher exports and lower ending stocks. Exports are raised 25 million bushels to 2.1 billion reflecting the pace of sales and shipments to date.
  • VDMA reported German tractor registrations down 4% year-over-year in November (flattish year-to-date).
  • Ag tire and wheel manufacturer Trelleborg announced Dec. 4 that its first facility in Vietnam had begun production.
  • Canadian ag equipment manufacturer S3 Group Ltd. announced Nov. 8 its acquisition of Power Pin Inc.
  • Guardian Agriculture, a developer of electric Vertical Take-Off and Landing (eVTOL) systems for commercial-scale farming, announced Dec. 4 that it has become the first eVTOL manufacturer to begin commercial operations.

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