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Sales Improve During Brazilian Farm Show

March 13, 2020 | Posted in Ag Equipment Worldwide

For Gilson Farias, business development manager for the states of Paraná, Sao Paulo and Rio de Janeiro, the rate cut is more of a long term issue. The total credit available during the show was R$3 billion ($641 million at current exchange rates).

Farmers Eager to Borrow for Machinery at Brazilian Farm Show

March 13, 2020 | Posted in Ag Equipment Worldwide

In February and March, two major agricultural shows are held in Southern Brazil. Attendees at both shows demonstrated a high level of interest in loans for machinery.

Brazilian Tractor Sales Flat in February

March 13, 2020 | Posted in Ag Equipment Worldwide

The Brazilian National Assn. of Vehicle Manufacturers (Anfavea) reports that tractor sales in February reached 1,963 units.

Looks Like Melrose is Close to Selling GKN Wheels Unit

March 5, 2020 | Posted in Ag Equipment Worldwide

Melrose Industries, the UK-based business turnaround specialist, has confirmed that its managers are in discussions with potential buyers of GKN Wheels & Structures. Since the end of last year, the business has been up for sale and classified as a discontinued operation for accounting purposes.

Dutch Manufacturer Trioliet Acquires Polish Component Manufacturer

March 5, 2020 | Posted in Ag Equipment Worldwide

Production facilities for frames and other components that go into building cattle feed mixers have been secured by Dutch manufacturer Trioliet from a contract supplier facing financial difficulties.

Lovol's Italian Tractor Venture Appears to Have Hit Troubled Waters

February 21, 2020 | Posted in Ag Equipment Worldwide

An ambitious project to create a new European range of tractors built in Italy appears to have hit troubled waters with the news that a bankruptcy accommodation with creditors for the production element of the business has been requested by the Arbos Group’s local commercial court.

Krone Tests ‘Pay by the Hour for Power’ Concept

February 21, 2020 | Posted in Ag Equipment Worldwide

Electronic engine power management and telematics over-the-air data exchange technologies have led Krone to develop a new concept — the ability for farmers and custom operators to buy additional power for their forage harvester by the hour.

Russian Ag Machinery Dealer Group Looks for Revenue Lift via Expanded Deere Territory

February 21, 2020 | Posted in Ag Equipment Worldwide

One of the largest ag equipment dealer groups in Russia anticipates a 25% increase in consolidated revenues this year to at least €200 million ($219 million) following a slight contraction in the prior 12 months due to a downturn in tractor sales.

Deutz Adds Compact Diesels from Branson Tractor Maker Kukje

February 21, 2020 | Posted in Ag Equipment Worldwide

Engine maker Deutz has signed a long term agreement with Kukje Machinery, the South Korean manufacturer of Branson brand compact tractors, to source engines for sale to OEMs in the U.S. and Europe.

Acquisitions, Partnerships Create Northern Europe's Largest Dealership Group

February 21, 2020 | Posted in Ag Equipment Worldwide

An ambitious program of strategic acquisitions, partnerships and distribution agreements has created northern Europe’s largest agricultural machinery dealer groups. The group operates in 9 countries and holds distributor and dealer contracts with AGCO, Claas, Deere and New Holland.

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