GEA Farm Technologies, the agricultural arm of Germany’s food and pharma engineering group, will continue to supply dairy farm equipment, particularly in North America, despite selling off two of its European operations.
Lely Group turnover from sales of robotic milking and feeding equipment, and associated dairy herd management systems, bounced back with a vengeance last year. The company said it recorded a remarkable 46% increase in revenues over the 12 month period to the end of December.
Production facilities for frames and other components that go into building cattle feed mixers have been secured by Dutch manufacturer Trioliet from a contract supplier facing financial difficulties.
Dairy equipment specialist Lely is expanding its North American operations in the wake of a “great year” in which the company celebrated its 70th birthday.
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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.