Shortly after Claas inaugurated a new production facility for combine harvesters in Kazakhstan, the company announced a fresh round of investment to expand capacity at its established plant in Russia.
Revenue for the quarter was $79.2 million, up $2.6 million from the prior year third quarter, representing an 3% increase over the prior year and continuing the sales growth seen in the first two quarters.
The three biggest manufacturers of agricultural machinery of Belarus and Russia have signed a memorandum of cooperation, according to a report from BelTA.
EkoNiva has signed a 3-year agreement with Moscow-based Cognitive Pilot to distribute, install and provide technical and service support to customers buying the Cognitive Agro Pilot system across 35 regions.
Rusagro, Russia's largest agricultural holding company, and Cognitive Pilot, an autonomous driving technology joint venture of Russia’s Sberbank and Cognitive Technologies Group, are introducing of the Cognitive Agro Pilot system, an autonomous driving system for agricultural machinery (combine, tractors and sprayers), with major pilot program.
The Russian owner of Bühler Industries has increased the domestic content of its Versatile-based tractors sold in Central and Eastern Europe and plans to introduce CKD assembly of Versatile MFWD and the new Nemesis models.
U.S. tire and wheel maker Titan International has settled in full a put option related to investors in Voltyre-Prom, the off-highway tire manufacturing operation that Titan bought into 6 years ago.
Senior executives at Titan International worked during the Christmas and New Year holiday period to secure approvals for issuing stock to a co-shareholder in its Russian tire manufacturing operation to meet a settlement put option.
Drought conditions have left arable farms with smaller yields, while dairy operations have had to purchase feed as a result of compromised grass growth. Pig farmers, meanwhile, face the growing threat of African swine fever (ASF). As a result, agricultural professionals view their prospects for business development in the coming 12 months as mixed.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.