Burgeoning demand for non-herbicide weed control solutions has prompted Poettinger to follow contemporaries into the market for mechanical weed solutions.
Having lost ground following an exceptional €515 million ($531 million) peak in 2013 with a recent year low of €402 million ($455 million) in 2015, the German company’s sales figures rebounded in subsequent years, by a modest 1% in 2016 and a very respectable 12.5% in 2017.
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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.