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Articles Tagged with ''AGCO''

AGCO Finance Appoints Rob van den Heuvel President and Global CEO

August 13, 2020 | Posted in Ag Equipment People

AGCO Corp. has appointed Rob van den Heuvel to the role of president and global CEO of AGCO Finance, effective Jan. 1, 2021. Van den Heuvel will replace Keith Large, who will retire on Dec. 31, 2020.

AGCO Rolls Out Fendt in Brazil

July 15, 2020 | Posted in Ag Equipment Worldwide

AGCO is introducing its Fendt-branded equipment in Brazil. The company tested the Ideal combine in 45 different properties in the country. In addition, it began selling the Momentum planter and launched the Fendt 900 Vario tractor for the Brazilian market in an online event.

French Combine Market Continues Recovery in 2019

June 29, 2020 | Posted in Equipment & Equipment Sales

Annual sales of combines in France continue to recover as the replacement cycle accelerates following 4 years of declining demand to a low point in 2017.

European Tractor, Harvester Production Resumes at a Modest Pace

May 15, 2020 | Posted in Ag Equipment Worldwide

Tractor and harvester production is underway in Europe once more after extended shutdowns brought output to a complete halt as the coronavirus pandemic took hold.

Farmer Loyalty to Ag Equipment Brands Takes a Step Backward

May 15, 2020 | Posted in Analysis & Commentary

After steady growth in the level of loyalty farmers held for their preferred brand of farm machinery over the past 10 years, a new study conducted by Ag Equipment Intelligence earlier this year showed a marked turndown in how growers feel about their equipment. None of the major equipment brands were spared in the farmers’ diminished enthusiasm.

AGCO Factory Makes Face Shields; JCB Helps Feed the Vulnerable

April 15, 2020 | Posted in Ag Equipment Business

Engineers at AGCO’s Beauvais plant in northern France have started assembling face shields instead of tractors using a newly-installed additive or 3D printing system to produce the frame. The shields are destined for a local hospital in response to an industrial campaign to meet immediate demand for 13,000 units at 94 hospitals and medical centers across France.

Expanded Territories Bolster BayWa’s Dealership Group Revenues

April 15, 2020 | Posted in Dealers & Dealerships

Despite an anticipated drop in new tractor sales last year, BayWa’s agricultural equipment business unit exceeded managers’ expectations by posting an increase in revenues. Much of the growth resulted from Claas’ announcement of a territory expansion into southern Alberta for the unit’s Canadian dealership.

Component Shortages Impact European Farm Machinery Production

March 26, 2020 | Posted in Ag Equipment Worldwide

National health protection rules and disrupted supplies of components are impacting agricultural machinery production in Europe as some factories are forced into temporary shutdowns. But parts support to dealers and end users, as well as dealer technical support, is holding up despite restricted working practices caused by the COVID-19 pandemic.

AGCO Provides Update on Impact of COVID-19; Withdraws Sales & Earnings Guidance

March 23, 2020 | Posted in Earnings Reports

In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities, largely due to material shortages and constraints in the European supply chain.

Growth in North America Sales Helps Iseki Offset Asian Losses

March 13, 2020 | Posted in Earnings Reports

Iseki sales of agricultural and groundscare tractors, implements and self-propelled machines were down 3.9% in 2019, close to 2015 levels as taxation changes in Japan, currency impact in Europe and high inventory in China depressed demand.

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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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