John Deere has announced it aims to invest $15 million to expand its production in the location of Granadero Baigorria in the Argentine province of Santa Fe. According to the president of John Deere Argentina, Sergio Fernandez, the investment is related to the market potential for the next 30 years. “Most of our investments are related to keeping the factory working and our electrical systems,” said Fernandez. 

The lack of inputs has generated shortages in factories, and Argentina is no exception. In fact, the country has seen worsening conditions due to restricted imports imposed by its national government.

Mainero, one of the largest agricultural implement makers in Argentina, has announced an expansion plan to supply the domestic demand as well as demand from other countries. 

FPT Industrial, an arm of the CNH Group, announced it has started to manufacture the N45 Euro 45 engine in its factory in Cordoba, Argentina. Previously, the engine was imported from Brazil. 

Brazilian company Jacto announced it intends to expand its spraying business in Argentina. The company looks to sell 900-1,000 sprayers in the country in 2021 and grow at least 20% by 2022. In order to achieve this goal, the company says it will market more models to the country through the rest of the year. 

Data released by Argentina’s National Institute of Statistics and Census (Indec) reveal that the sales revenue of agricultural machinery increased, but only in nominal terms. This means that sales were only up due to the high inflation in the country.

AGCO has announced that with a recent update its industrial operations in South America, located in Brazil and Argentina, have reached their global level.