Kubota upped its interest in Indian tractor manufacturer Escorts to 44.8% from 9.09% upon completion of a preferential offering by Escorts and an open offer to the latter's shareholders.
Buhler Industries, manufacturer of the Versatile and Farm King ag equipment brands, released a list of answers on March 23 to frequently asked questions regarding the company's ownership and management.
Titan International has entered into a definitive agreement for the sale of its Australian wheel business, to OTR Tyres, a local leading national tire, wheel and service provider. The closing date is expected to be Thursday, March 31, 2022.
In its latest earnings report, Titan Machinery forecast an 8-13% decline in international revenue for its fiscal year 2023, which "includes a reduction in revenue of approximately 75% from our Ukraine subsidiary compared to fiscal 2022."
French farm machinery manufacturer Burel Group is investing in additional production and parts warehouse capacity following a 2021 market described as ‘dynamic’ by managing director David Guy.
According to a recent report from Zeebiz, Antony Cherukara, CEO of Indian tractor manufacturer VST Tillers Tractors, a recent investor in Monarch Tractor, stated Monarch would launch its all-electric, autonomous tractor in VST Tiller Tractor's fiscal year 2023.
John Deere announced in February the launch of its DB MaxEmerge 5e planter in Brazil. The planter is added to a portfolio that already had the ExactEmerge and MaxEmerge 5 models, but now the company says it offers its “intermediary” version of the machine.
Even in a year with uncertainties brought by the war between Russia and Ukraine or new variants of the coronavirus, Brazilian representatives of agricultural machinery manufacturers are optimistic and believe 2022 sales will beat 2021.
The Russian invasion of Ukraine, which began on Feb. 24, 2022, has caused a series of logistical problems for ag equipment manufacturers, dealers and farmers operating in the country.
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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.