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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

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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