With new factories and OEM supply contracts underpinning growth, South Korea’s LS Mtron continues to make waves in the compact and utility tractor market.
Agreements with CNH Industrial and Claas, and in the central Asian state of Uzbekistan, are generating guaranteed sales and revenues. In addition, a new engine plant opened close to the main tractor factory in South Korea creates a competitive advantage and potential for engine sales to other OEMs.
The engine plant…
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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.
