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AEI Newsmakers: October 2023

October 15, 2023 | Posted in Ag Equipment Business, Ag Equipment People, Ag Equipment Worldwide

VDMA reported German tractor registrations down 13% year-over-year in September (up 2% year-to-date).
Sarah Porter and Kathryn Sorensen demystified water concerns in Arizona in their Oct. 7 Wall Street Journal article.
Indian tractor manufacturer VST Tillers Tractors is looking for more collaborations with manufacturers.
According to a recent report from Horsch’s customer magazine terraHORSCH, China accounts for 18% of the world’s population but only 9% of global arable land.
LS Mtron recently announced its Land Solution partnership with Korean ag equipment manufacturer Woongjin Machinery.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
In its Oct. 12 WASDE report, USDA reported a 2023-24 U.S. corn outlook of reduced supplies.
CNH Industrial announced Oct. 12 it had completed its acquisition of satellite positioning technology provider Hemisphere GNSS

Bobcat to Enter European Tractor Market

December 30, 2022 | Posted in Ag Equipment Worldwide

According to a Dec. 22 report from Agriland, Bobcat will bring its compact tractor line to Europe in 2023.

LS Mtron Secures $387 Million Contract with CNH Industrial

December 6, 2022 | Posted in Ag Equipment Worldwide

According to a Dec. 5 article from The Korea Economic Daily, LS Mtron has secured a contract to supply CNH Industrial with 28,500 tractors over the next 3 years, which is reportedly worth $387.4 million.

South Korean Tractor Manufacturers Cash-in on U.S. Compact Tractor Sales

December 22, 2021 | Posted in Ag Equipment Worldwide

The major suppliers of compact and utility tractors into the North American market are enjoying an exports boom with Daedong (Kioti), LS Mtron and TYM all reporting record half-year sales figures thanks to a buoyant market.

LS Mtron Aims to Double Tractor Output in Brazil

September 20, 2019 | Posted in Ag Equipment Worldwide

LS Tractor, the tractor division of the LS Mtron, headquartered in South Korea, confirmed to Ag Equipment Intelligence its intention to double the production capacity of its Brazilian factory in Garuva, Santa Catarina.

India's Escorts Revenues Grow as It Pays Down Historical Debts

August 16, 2019 | Posted in Ag Equipment Worldwide, Electric Machinery

In the year that Escorts, the Indian tractor and construction machinery business, finished paying off historical debts to a former supplier, the group saw revenues climb 23.5% above the prior 12 month period.

After Making Its Mark in North America, LS Mtron Eyes Brazil for Continued Growth

March 27, 2019 | Posted in Ag Equipment Worldwide

After making major strides in increasing sales in the U.S. and Canada, LS Mtron, the South Korean-based manufacturer of the LS brand of compact and mid-range tractors, is eyeing Brazil as its next target for growing revenues.

LS Mtron Takes Aim at Iran’s Farm Tractor Market

April 1, 2017 | Posted in Mergers & Acquisitions

South Korea’s second biggest tractor maker — the LS Mtron division of LS Group — aims to ship $15 million worth of tractors to Iran this year with a view to expanding its presence in the Middle East and Africa.

LS Mtron Making Waves in Compact Tractor Market

August 18, 2014 | Posted in Equipment & Equipment Sales

With new factories and OEM supply contracts underpinning its growth, South Korea's LS Mtron continues to make waves in the compact and utility tractor market.

LS Mtron has ‘Big’ Ambitions

February 1, 2011

LS Mtron and its LS Tractors operation is part of the $16 billion LS Corp. industrial conglomerate and two of three businesses spun out of LS Cable 3 years ago.

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Deere Production Could be Down 10-15% Next Year

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.

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