Italian engineering group Carraro had a double celebration when it secured a new contract with AGCO and reported improved financials for its mechanical engineering business units.
The 5-year contract with AGCO is worth more than $32 million at current exchange rates for the supply of tractor front drive axles and drop gearboxes for installation on new 80-120 horsepower tractors to be produced in China at AGCO’s new $300 million Changzhou facility.
The plant is due…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
