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AEI Newsmakers: April 2024

April 15, 2024 | Posted in Data & Trends, Dealers & Dealerships, Equipment & Equipment Sales

Fossil-free steel manufacturer SSAB announced April 10 that John Deere Forestry Oy will replace some of the steel...
Same Deutz-Fahr announced March 6 it has opened a sales branch in Santiago de Querétaro, Mexico...
The U.S. Department of Energy announced March 14 a conditional commitment to Lithium Americas Corp’s subsidiary, Lithium Nevada Corp., for a $2.26 billion loan...
Pricing lifecycle management company Zilliant announced a strategic relationship with AGCO...
Tire manufacturers Mitas and Trelleborg announced April 12 that, effective May 2024, they will increase global prices by up to 5%...
The Federal Aviation Administration recently granted Texas-based drone builder Hylio a regulatory exemption that will allow it to swarm its heavy-lift drones...
CEMA’s general business climate index decreased to a reading of –57 in the April survey vs. –55 last month...
VDMA reported German tractor registrations down 2% year-over-year in March (flattish year-over-year in Q1)...
Effective April 1, José Cuadrado has been appointed global chief executive officer at Yanmar Compact Equipment...
In its March 11 WASDE report update, USDA’s 2023-24 ending stocks are estimated at 2.122 billion bushels of corn...

Trelleborg Opens Manufacturing Plant in Vietnam

November 30, 2023 | Posted in Ag Equipment Business

Source: Farm Equipment Manufacturers Association

Trelleborg Sealing Solutions starts production at its first ever manufacturing facility in Vietnam, a 26,247 square foot plant located in Long Thanh.

Yokohama Rubber Co., Ltd. Acquires Trelleborg Wheel Systems

Company will operate under the name "Yokohama TWS," and will operate as a new company with no change to its organizational structure.

May 2, 2023 | Posted in Mergers & Acquisitions

Company will operate under the name "Yokohama TWS," and will operate as a new company with nFollowing last year’s announcement, Trelleborg Wheel Systems is pleased to announce the acquisition by The Yokohama Rubber Co., Ltd. has been successfully completed for 2,074 million euro. o change to its organizational structure.

Trelleborg Divests Wheel Systems Business to Yokohama

March 25, 2022 | Posted in Mergers & Acquisitions

Trelleborg Group has signed an agreement to divest its Trelleborg Wheel Systems business area to Yokohama Rubber Company for 2,100 million euros ($2,307 million) on a cash and debt free basis, which represents 13x the business area’s 2021 operational EBITDA, or 17.5x 2021 EBIT.

Trelleborg Implements Price Increases Across All Segments

November 2, 2021 | Posted in Ag Equipment Business

Effective November 2021, Trelleborg has announced price increases up to 5% on all segments.

COVID-19 Causes Trelleborg Wheel & Tire Revenues to Slip

April 15, 2021 | Posted in Earnings Reports

Despite “fast and decisive” implementation of infection containment measures that enabled Trelleborg Wheel Systems to keep its factories operating with a safe environment for employees, the agricultural tire and rim supplier still recorded lower net sales last year due largely to the coronavirus pandemic.

CGS Acquisition Paying Off for Trelleborg

July 1, 2017 | Posted in Mergers & Acquisitions

Trelleborg expects to realize cost savings and sales synergies equivalent to at least $46 million from the acquisition of Czech farm and specialist tire maker CGS Holding, according to the group’s annual report.

SIMA 2017 Focuses on Future of Farming, Evolving Dealer Roles

International agribusiness show mixes technology, machinery innovations with theme of ‘Being a Farmer in 10 Years.’

April 8, 2017 | Posted in Autonomous Ag Machinery

With more than 1,700 companies from 42 different countries, the 2017 SIMA International Agribusiness Show offered a global look at current — and future — farm equipment trends.

Trelleborg Completes CGS Holding-Mitas Acquisition

July 1, 2016 | Posted in Mergers & Acquisitions

Trelleborg, the engineered polymers group based in Sweden, has completed its acquisition of Mitas farm tire maker CGS Holding, giving the Trelleborg Wheel Systems ag and forestry tire and rims business two plants in the U.S.

Trelleborg Increases Ag Tire Competition with New U.S. Factory

July 1, 2014 | Posted in Equipment & Equipment Sales

Sweden’s Trelleborg announced plans to open its first North American manufacturing facility dedicated to the production of premium radial tires for agricultural machinery.

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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