A reduction in demand for the agricultural, industrial and construction machinery tires it manufactures resulted in a dip in organic sales and a sharp decline in profitability at Trelleborg group’s Wheel Systems business unit last year.
Paolo Pompei, president of the unit, says ongoing trade conflicts contributed to greater market uncertainty, resulting in lower order intake.
“The organic sales trends for tires for agricultural machinery, material handling vehicles and construction machinery were all negative, driven…
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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.
