A pessimistic business outlook among senior managers at agricultural machinery manufacturers in Europe has turned into a more optimistic view of sales prospects for 2017, according to a monthly business barometer survey.
Claas is again drawing on the resources and expertise of European distribution networks to support its presence in North America by reaching a preliminary agreement with one of its leading distributors in Russia to cover an important territory in the U.S.
Looking at the unit sales of tractors in the 15 countries reported on in the April 7 issue of the German publication Eilbote, many of the brands represented in each country’s top five brands in terms of market share are owned by the same companies.
Another leading European farm equipment manufacturer is casting its eyes toward the U.S. market once it is assured of demand for its advanced fertilizer spreaders and can secure a distributor wanting a long-term partnership.
While USDA’s May 10 report offered some optimistic news on crop surpluses, especially for soybeans, it remains to be seen whether or not the uptick in crop prices will hold.
Specialty equipment maker, Lemken GmbH & Co., based in Alpen, Germany, reports that its net profits during the past year declined by 4.7% to £327 million ($367.5).
A traditional Kagamiwari ceremony, in which senior managers of Kubota Corp. and local dignitaries use wooden hammers to open Sake barrels, marked the official opening of Kubota’s first European production plant.
New and improved products and Zetor’s particular brand of “upmarket economy” specifications are helping the Czech manufacturer post some upbeat results.
New investors who pledge to support the company’s development and international expansion have secured the future of Europe’s second largest tractor loader brand, Stoll.
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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.