This announcement builds on Kubota’s strategy to penetrate the North American large utility tractor market with its customized OEM agreement with Buhler Industries revealed earlier this year.
According to Jiji Press, Kubota Corp. said it will spend some 9 billion yen ($83,250,083) to establish a research and development center for lawn mowers and utility vehicles in the state of Georgia.
In line with its long term strategy and following previous announcements, John Deere announced that it will begin manufacturing tractors for its 6E series in its plant in Granadero Baigorria, province of Santa Fe, Argentina.
Plummeting returns from sugar beet crops as a result of market liberalization in Europe has caused beet harvester production at Exel Industries to be restructured in light of falling demand for the big ticket machines.
After a disastrous year for Argentinian machinery sales in 2018, a significant recovery is seen with the record crop of 57 million metric tons of corn and 56 million metric tons of soybeans.
Japan’s Yanmar group has reported an 80% drop in net profits for its 2018-19 financial year ended March 31, 2019, despite a 4% increase in revenues to the equivalent of $7.4 billion that built on the 2% rise recorded in the prior 12 month period.
About a year ago, an EF-3 tornado ripped through Vermeer Corporation in Pella, Iowa. After a lot of hard work, Vermeer's CEO says they are now back and stronger than ever before.
Recovering sales of Fendt-built tractors in the North American market, thanks largely to the introduction of new 400-500 horsepower wheeled models, are expected to get a further shot in the arm with the launch of a new range of 300-415 horsepower models using similar hi-tech features, including a row crop version clearly targeting the Midwest Corn Belt.
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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.