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.
A 23% surge in tillage equipment sales to growers in the U.S. helped Lemken maintain 2019 revenues at the same level as in the prior year. Global sales reached €380 million ($410 million), making the 12 month period ended December 2019 equal to the best year ever for the German manufacturer.
Never throw away the jigs and drawings for an implement that goes out of fashion. That’s the lesson drawn from the re-introduction of a novel cultivator by British manufacturer Bomford Turner, an Alamo Group company.
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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.