Maschio Gaspardo has invested in a production capacity increase at its factory in Romania where the group manufactures minimum tillage cultivators, moldboard plows and round balers.
Individual brand and manufacturer shares of Italian tractor sales remained stable in 2020, with New Holland’s dominant 20.4% slice of the cake slipping half a percentage point in a market down 3.4% overall on the 2019 figure.
Drive components and specialist tractor manufacturer Carraro Group recorded its lowest turnover in 12 years in 2019 as its principal sectors, agriculture and construction, felt the effects of a general slow-down in the global economy.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.