The VDMA industry association expects sales from German production to increase by 14% in the current year. "This means that we will break through the 10-billion-euro mark for the first time at the domestic production site," says association Managing Director Dr. Bernd Scherer.
A new $84 million factory will enable Russian agricultural equipment company Rostselmash expand capacity for the growing range of tractors and self-propelled equipment it builds.
Kubota Corporation has announced that Kubota and the Indian tractor manufacturer Escorts Limited have reached an agreement under which Kubota will increase its shareholding in Escorts by means of subscription to third-party preferential primary share allotment and open offer bid.
A recent report from Zawya stated Mahindra will officially take control of its ag equipment distribution and operations in South Africa, after having operated in South Africa since 2019 via "regional resellers."
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.
Concerns over component sourcing stability heightened by COVID-19 related supply chain disruptions are largely behind new long-term OEM agreements secured by Deutz.
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.
Tillage and seeding equipment manufacturer Bednar MFT has expanded its team in Canada with the appointment of an eastern region sales manager as the Czech company adds precision hoes and power harrows, and moves into new European markets.
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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.