At this year’s National Farm Machinery Show, Ag Equipment Intelligence stopped by 4 tractor manufacturers and spoke with executives about what they’re planning to accomplish in 2024.
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.
The Equipment Dealer’s Assn. announced the recipients of the 2019 Dealer’s Choice and Gold Level awards. The Dealer’s Choice Award is presented to the top rated company in each of EDA’s four manufacturer categories based on results of the annual Dealer-Manufacturer Relations Survey.
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.
In a new agreement boosted by the Brazilian government, Korean company LS Tractor will be the only company in the country to export tractor components from its factory in Santa Catarina to its new factory in Nigeria.
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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.