A Belgian manufacturer of heavy-duty farm trailers, manure spreaders, slurry tankers and light pasture equipment is weighing its options for manufacturing its products in the U.S.
During its pitch to potential investors September 26-30, executives of the newly formed CNH Industrial said the long-term focus of the merged CNH Global and Fiat Industrial group is “Stable, value maximizing capital structure with shareholder friendly distribution policy.”
Kverneland Group, one of Europe’s largest farm machinery manufacturers, has begun a major program of factory improvements and upgrades having secured approval for a major investment plan from new owner Kubota Corp. of Japan.
Germany’s Krone is spending the equivalent of more than $13 million building a new production facility for its BiG X forage harvesters to realize plans for a 50% increase in sales of the big ticket machines.
After announcing in May that it plans to spend $42 million to expand its Jackson, Minn., manufacturing plant where its high horsepower tractors are produced, AGCO continues to invest in its manufacturing facilities around the world. The latest spends come at its Fella brand equipment plant in Germany and its Hesston, Kan., factory.
North American ag equipment retail sales growth generally decelerated in August, with row-crop tractor sales up 11.8% year-over-year (+15.3% last month), mid-range tractor sales up 11.5% (+15.2% last month), and combine sales down 16% (+10% last month).
The Russian market for combines declined by more than 20% in the first half of 2013 as a result of the duty imposition of safeguard tariff measures and restricted access to subsidized loans, according to VDMA, the agricultural machinery association based in Frankfurt, Germany.
Despite posting hefty revenue gains through the second quarter and first half of its 2014 fiscal year, Titan Machinery cut its full-year outlook to $2.25-$2.45 billion from its earlier forecast of $2.35-$2.55 billion.
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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.