Profits at crop sprayer and sugar beet harvester maker Exel Industries plunged almost 90% last year as revenues declined in all its operating sectors and the group made significant provisions for re-organization.
Exel Industries, the parent group of the international Agrifac, Berthoud, Hardi and Tecnoma sprayer product lines, the Apache operation in the U.S., and a number of local European brands, is closing two of its production facilities in France with the loss of around 200 staff.
Equipment Technologies, manufacturer of Apache and Bruin brands of agricultural sprayers, has added two dealership groups to its distribution network, which expands its reach into Western Canada.
Fluctuations in foreign exchange rates had a negative impact of €20.5 million ($23.5 million) on Exel Industries reported revenues in its fiscal year to September 2018.
Simpson Farm Enterprises Inc. has announced it will be opening a fifth Apache Sprayers dealership location in Grand Island, Neb., to provide service and sales to the surrounding region. The new dealership is set to open in the spring of 2017.
Westside Implement became interested in offering Apache due to the ever-increasing demand for self-propelled sprayers in the Dakotas, said Kyle Gaikowski, owner of Westside Implement.
In the latest episode we take a look at a report that suggests combines appear to be in the best shape of large ag equipment, the transition to “digital agriculture,” Exel Industries acquisition of Equipment Technologies and Apache Sprayers, and the merger of the Ohio-Michigan Dealers Assn. and the Mid-America Equipment Retailers Assn.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.