After having invested US$ 2 million in a new training center in Argentina, published reports indicate that AGCO will expand its factory in the city of General Rodríguez that was opened in 2014.
In 2017, the total wholesale volume of agricultural machinery in Brazil reached 42,800 units. This is 1.7% higher than in 2016. It is the first year of growth after 4 consecutive years of retraction, according to data from the country’s National Assn. of Automotor Vehicle Manufacturers (Anfavea).
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.
Agricultural machinery manufacturers in Russia are expected to have seen a 25% increase in production by the end of this year as state support to domestic manufacturers helps spur demand.
CNH Global NV's (CNH) chairman Monday said the U.S. tractor and combine maker won't make a new bid for Norway's Kverneland ASA (KVE.OS) after Japan's Kubota Corp. (KUB, 6326.TO) offered more money for it.
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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.