Just days after announcing around 70 layoffs when production of tractor transmissions is transferred to China from a YTO factory in northern France, the Chinese manufacturer revealed plans to develop and assemble a new line of tractors at the plant. According to French media reports, YTO will unveil a new tractor brand at the SIMA show in Paris in February with the goal of having the machines for sale in 2020.
Europe’s leading potato equipment manufacturer has completed a project to build its products in China in the same year its North American operation celebrated 60 years in business.
Despite challenging market situations in China and Turkey, and production facility upgrades that impacted capacity in the first quarter, the SDF Group recorded sales revenues and profitability in 2017 only a little down on the year prior.
The compact diesel engines business of South Korean construction machinery giant Doosan Infracore has reached a joint venture agreement with Lovol Heavy Industry, the manufacturer of Foton and Lovol brand tractors in China.
In order to independently pursue growth in China, the world’s largest tractor manufacturer, Mahindra & Mahindra, has announced it is selling its entire stake in a Chinese tractor joint venture company.
Italy-based tractor and harvester maker SDF Group is not looking to increase its modest presence in North America any time soon as it reaps the benefit of placing big bets on manufacturing and distribution in China and Turkey.
Despite the a slowdown in China’s economy, Japanese farm equipment maker, Kubota, is betting that demand for ag machinery will remain strong well into the future.
One of China’s newest agricultural tractor and machinery manufacturers has given notice that it intends to carve out a share of international markets at the expense of established manufacturers in Europe and North America.
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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.