Tillage equipment manufacturer Lemken has embarked on a $65 million program to build new workshops, production plants and supply facilities to support growth plans after setting a new sales record in the year it moved decisively into the U.S. market.
A new distribution, service and assembly center near Moscow, Russia, and start-up production of moldboard plows in India are among plans for cultivation, seeding and spraying equipment specialist Lemken.
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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.