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AEI Newsmakers: May 2023

May 15, 2023 | Posted in Dealers & Dealerships, Mergers & Acquisitions

AGCO Announces Capital Investment Project at Beloit & Cawker City Facilities in Kansas
Yokohama Rubber Acquires Trelleborg Wheel Systems
ExxonMobil Boosts Refining Capacity by 250,000 Barrels Per Day
Chile to Nationalize Lithium Industry
Maschio Gaspardo to Set Up Distribution Company in U.K.
AGCO & Hexagon to Expand Distribution of Hexagon’s Ag Guidance Systems

Maschio Gaspardo Increases Tillage Tools & Balers Capacity

January 21, 2022 | Posted in Ag Equipment Worldwide

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.

Maschio Gaspardo Reports Revenue Down 5% in FY2019, Increase in Net Profit

May 27, 2020 | Posted in Earnings Reports

The company report the 2019 fiscal year concluded with a consolidated net profit of 5.8 million euros ($6.4 million), almost quadrupled compared to the previous year, when it was around 1.5 million euros ($1.7 million).

Investors Support Maschio Gaspardo’s International Growth Ambitions

March 13, 2020 | Posted in Ag Equipment Business

Italian agricultural machinery group Maschio Gaspardo has secured additional financial support in the form of a €5 million ($5.6 million) stake in the group’s manufacturing and assembly operation in Romania.

Maschio Gaspardo Secures Debt Rescheduling Agreement

November 18, 2019 | Posted in Ag Equipment Worldwide

Italian farm machinery group Maschio Gaspardo has secured an agreement with 21 banking institutions to reschedule €140 million ($155 million) of debt to support the group’s international development.

Banks Agree to Restructure Maschio Gaspardo Debt

October 1, 2016 | Posted in Mergers & Acquisitions

Senior managers at Maschio Gaspardo, the Italian farm equipment group with a North American operation based at DeWitt, Iowa, have successfully negotiated debt restructuring with 24 creditor banks in line with a new business plan formulated last year.

Maschio Gaspardo Plans Major Manufacturing Expansions After 20% Revenue Gain in 2013

September 1, 2014 | Posted in Earnings Reports

Italy’s Maschio Gaspardo group plans to spend €130 million ($177 million) in capital investments over the next 5 years to build on the €120 million ($163 million) investment it has made in the 3 years from 2011 to 2013.

Italy’s Maschio Gaspardo Continues to Expand Product Lineup with Sprayers

January 1, 2013 | Posted in Equipment & Equipment Sales

Italian tillage equipment specialist Maschio Gaspardo is looking to record a big increase in revenues this year following the acquisition of two spraying equipment companies toward the end of 2012.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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