On Dec. 20, Buhler Industries, which manufactures the Versatile and Farm King equipment lines, announced it would be acquired by Turkish ag equipment manufacturer Başak Traktör.
Engine maker Deutz saw a welcome turnaround in demand and deliveries of diesel engines to agricultural and construction machinery OEMs last year, following a hiatus in the first year of the Covid-19 pandemic.
Concerns over component sourcing stability heightened by COVID-19 related supply chain disruptions are largely behind new long-term OEM agreements secured by Deutz.
According to a report from the Economic Times, Mahindra and its subsidiary Erkunt Traktor Sanayi A.S. (Erkunt) have agreed to acquire another subsidiary of Mahindra, Hisarlar Makina Sanayi ve Ticaret Anonim ?irketi (Hisarlar).
With a signing ceremony held in Istanbul, Yanmar has completed the acquisition of Solis Traktör's tractor factory from its partner in Turkey, International Tractor Limited (ITL).
Turkey’s volatile tractor market crashed for a second year in 2019, plunging more than 45% to just short of 26,300 units, the lowest figure recorded by ag machinery trade organization Tarmakbir since 2009 when farmers bought just 13,700 tractors. At the same time, the country’s ag machinery exports continue to climb.
A 12% increase in revenues from European Union countries helped tractor and harvester maker SDF Group offset a dramatic fall from sales in Turkey to maintain 2018 group revenues at a level consistent with preceding years.
Italian tractor manufacturer SDF Group has pushed ahead with a major investment in Turkey despite a huge and sudden drop in unit sales in the Turkish market.
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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.