Analysis of company accounts for Ag Equipment Intelligence has revealed the largest UK-based businesses manufacturing equipment for farmers and custom operators.
According to a report from OEM Off-Highway, GKN Wheels has finished rebuilding its facility in Telford, England, and has tripled its production capacity from the previous facility.
A hoped-for bottoming out of the UK farm tractor market last Fall, when apparently buoyant demand lifted sales 33% ahead of prior-year figures to offset earlier losses, turned out to be a false hope.
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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.