Plans are being laid for the launch of a new AGCO Power engine family by the end of next year now that the powertrain operation’s headquarters unit in Finland has completed a two-year program of investments worth more than $128 million.
An expanded assembly plant with new production technologies and a logistics center are said to have been constructed in record time at the Linnavuori plant located 125 miles north of Helsinki in southern Finland.
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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.
