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South American News: September 2023

September 18, 2023 | Posted in Ag Equipment Worldwide, Earnings Reports
  • John Deere Announces New Factory for PLA Sprayer Line in Brazil
  • Brazil Ag Machinery Sales Dropped in June 
  • July Ag Machinery Sales Fall Again in Argentina
  • Argentina: Apache Plant Expansion, Indecar Dealer Network Growth
  • New Holland Announces Partnership with Biomethane Companies in Brazil

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AEI Newsmakers: September 2023

September 18, 2023 | Posted in Earnings Reports
  • Germany-based Jost Werke SE has signed a purchase agreement to acquire LH Lift Oy, based in Finland, that manufactures 3-point linkages and hitches
  • trucking company Yellow Corp. collapsed into bankruptcy on Aug. 6
  • In its Sept. 12 WASDE report, USDA estimated 2023-24 corn ending stocks at 2,221 billion bushels, soybeans at 220 million bushels and wheat at 615 million bushels
  • VDMA reported German tractor registrations down 4% year-over-year in August (up 3% year-to-date)
  • Kubota plans to commercialize unmanned tractors, rice planters and combine harvesters in Japan as early as 2026, according to an Aug. 26 report from Nikkei Asia
  • Lemken CEO Anthony van der Ley forecast a 6-7% decline in global ag equipment sales for 2024 in a Sept. 10 report from Agriland
  • According to CEMA, the general business climate index for the European ag equipment industry has continued to fall

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AEI Newsmakers: August 2023

August 15, 2023 | Posted in Earnings Reports
  • Global chipmakers are seeing an end to a glut of semiconductors but also forecast a slow recovery in demand.
  • Kubota Manufacturing of America Corporation (KMA) and Kubota Industrial Equipment Corporation (KIE) will merge into a single company on Jan. 1, 2024. 
  • Total employment numbers for local manufacturers, including several in the ag equipment and rural lifestyle equipment markets.
  • USDA estimated 2023-24 corn ending stocks at 2,202 billion bushels, soybeans at 245 million bushels and wheat at 615 million bushels.
  • The VDMA reported German tractor registrations down 2% year-over-year in July (up 4% year-to-date).

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South American News: August 2023

August 15, 2023 | Posted in Ag Equipment Worldwide, Earnings Reports
  • John Deere Announces New Factory for PLA Sprayer Line in Brazil
  • Brazil Ag Machinery Sales Dropped in June 
  • July Ag Machinery Sales Fall Again in Argentina
  • Argentina: Apache Plant Expansion, Indecar Dealer Network Growth
  • New Holland Announces Partnership with Biomethane Companies in Brazil

Read More
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