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Articles Tagged with ''AGCO''

AGCO in Pact with Geringhoff for Fendt Combine Headers

December 14, 2020 | Posted in Ag Equipment Worldwide

Buyers of Fendt Ideal combines in North America and selected other markets can order their machine with a specialist header following an agreement between AGCO and German manufacturer Geringhoff.

AGCO Installs Solar Energy System for Illinois Manufacturing Plant

December 10, 2020 | Posted in Technology

A new solar energy system is expected to provide both economic and environmental benefits at AGCO’s facility in Assumption, Ill., generating approximately 20% of its power requirements.

AGCO Fails to Challenge Two Patents in Deere Lawsuit

December 4, 2020 | Posted in Ag Equipment Business

According to a report from Bloomberg Law, AGCO has lost challenges it made in court to invalidate two of Deere's patents involved in a lawsuit filed in 2018.

AGCO Stockholder Requests Separation of CEO & Chairman Roles

November 17, 2020 | Posted in Ag Equipment Business

According to a report from Bizjournals, India-based Tractors and Farm Equipment Limited (TAFE), which owns a 16% stake in AGCO, filed a report with the SEC requesting that AGCO separate the positions of CEO and Chairman of the Board "to better fulfill the board’s duty of oversight of the company."

AGCO Reports Sales Up 18.4% in 3Q20

November 12, 2020 | Posted in Earnings Reports

In its third quarter earnings for the year, AGCO reported total sales of $2.5 billion dollars, up 18.4% from $2.1 billion in the third quarter of 2019. For the first 9 months of 2020, total sales were $6.4 billion, down 1.5% from $6.5 billion in the same period last year.

AGCO Committed to Massey Ferguson Brand

November 12, 2020 | Posted in Ag Equipment Business

Throughout 2020, AGCO has been focused on expanding the Fendt line and dealer network in North America, and that has some Massey Ferguson dealers concerned about the future of the Massey brand. AGCO, on the other hand, asserts the Massey Ferguson brand isn't going anywhere.

AGCO Reports Total Sales Up 18.4% in 3Q20

November 3, 2020 | Posted in Earnings Reports

AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the third quarter ended Sept. 30, 2020. Net sales for the third quarter were approximately $2.5 billion, an increase of approximately 18.4% compared to the third quarter of 2019.

Ag Equipment Manufacturers’ Share Price Bouncing Back

October 22, 2020 | Posted in Earnings Reports

In a July 2020 note to investors, Mircea (Mig) Dobre, discussed how the shares of farm equipment manufacturers had held up compared to other machinery companies despite difficult industry fundamentals.

Retiring Exec has Warning for Ag Firms

October 15, 2020 | Posted in Ag Equipment People

At Fendt’s recent international press conference, AGCO Chairman, President and CEO Martin Richenhagen warned successful family owned agricultural machinery manufacturers not to miss opportunities to become part of a multi-national group.

AGCO Accelerates Fendt Roll-Out in the U.S.

October 15, 2020 | Posted in Ag Equipment Business

The COVID-19 pandemic may have stifled plans to ship a record 20,000 tractors from the Fendt factory in southern Germany this year — the forecast is for 18,700 units — but it has not slowed AGCO’s accelerating roll-out of the brand throughout the U.S.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

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.

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