Tractors and Farmer Equipment, TAFE, one of India’s largest tractor makers has acquired Serbian tractor maker IMT (Industrija Masina i Traktora). IMT manufactures equipment between 35-220 horsepower and the brand is well established in Eastern Europe, Northern Africa and the Balkans.
Sonalika International Tractors Limited (ITL), one of India’s leading tractor manufacturers, recorded an increase of 22% in tractors sales to 100,000 units in fiscal year 2018. This compares to 81,531 units registered in the previous year, which was an increase of 19.6%.
Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year.
Agricultural machinery and tractor manufacturers production in Germany experienced an exceptionally good business year in 2017, a strong growth in turnover of 10%, to €7.9 billion ($9.7 billion). According to VDMA Agricultural Machinery Assn., this represented the second-best annual result ever achieved by the industry.
Executives at SDF Group, the manufacturer of SAME Deutz-Fahr and other tractor and combine brands in Europe, have turned to their successful distributor in New Zealand and Australia for a North American relaunch.
Czech tractor maker Zetor is buying selected models from South Korean manufacturer TYM and has gained a foothold in the Russian market as it continues a drive to expand export sales.
Both Italy’s Argo and India’s Mahindra have struck deals in Turkey to firmly establish themselves and increase their presence in the country in recent months.
Antonio Carraro of Campodarsego, Italy, a manufacturer of compact tractors for specialized agriculture (vineyards and orchards), closed its books for 2016 with a turnover of more than €83 million ($88 million) with an EBITDA close to 10% and a net profit of €2 million ($2.1 million).
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.