At a newly opened factory in China, Italy’s Maschio Gaspardo plans to double production of mulchers, rotary tillers and precision planters as the group pursues a multi-million dollar investment plan (Ag Equipment Intelligence, September 2014).
One of Europe’s leading tillage equipment makers, German manufacturer Lemken, has opened a production facility in China in its latest step toward developing a firm presence in this expanding market.
Harvesting machinery specialist Claas is planning a significant expansion of its business in China by securing a majority takeover of an agricultural machinery manufacturer in the country, subject to obtaining approval from the national authorities, among others.
Italian engineering group Carraro had a double celebration when it secured a new contract with AGCO and reported improved financials for its mechanical engineering business units.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.