The agricultural and construction equipment group began making engines in 2004, primarily to supply its own factories around the World, at the JCB Power Systems plant in the UK, where more than half of the 750,000 units have been built.
Production of Fendt self-loading forage wagons is being moved to a sister plant in Germany to consolidate resources and further build expertise in forage harvesting technologies.
In the first half of the year, AGCO had expected the supply chain to have recovered somewhat by this point, Eric Hansotia said during AGCO’s 3Q 2021 earnings call.
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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.