Germany-based hay tool manufacturer Krone announced in March that it would be relocating its North American headquarters from Memphis, Tenn., to Shelbyville, Ind.
After announcing in May that it plans to spend $42 million to expand its Jackson, Minn., manufacturing plant where its high horsepower tractors are produced, AGCO continues to invest in its manufacturing facilities around the world. The latest spends come at its Fella brand equipment plant in Germany and its Hesston, Kan., factory.
With the majors adding to their product lines and pressuring their dealers to remain “pure” in the equipment they carry, it’s becoming increasingly more difficult for shortliners to find the right dealers in the right markets, Rusty Fowler, the retiring president and CEO of Krone North America, told Ag Equipment Intelligence.
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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.