AGCO. Assembly of Challenger and Massey Ferguson branded tractors and harvesters began in January upon completion of a joint venture announced in 2013 between AGCO and Russian Machines (part of the Basic Element industrial group). The 50/50 partners in AGCO Machinery planned to invest $100 million over 3 years, which will expand local component production at a new 27,000 square meter facility near Moscow and add Fendt and Valtra distribution to the business.
CNHI. CNH…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
