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AEI Newsmakers: November 2023

November 15, 2023 | Posted in Analysis & Commentary

According to EquipmentWatch’s 2022 Highest Retained Value Awards, John Deere had the highest 5-year residual value in tracked tractors at 67.3% among manufacturers, above the 57.9% category average.
Northeast China could soon become a hotbed for international industrial investment, according to an Oct. 23 report from New China News Agency.
Yanmar Turkey announced Oct. 12 the inauguration of its Tractor Production Plant in Izmir, Turkey.
The Nigerian government said John Deere intends to open a tractor assembly plant in the country, according to an Oct. 31 report from Nairametrics.
In a Nov. 4 report from The Wall Street Journal on retrofit kits for autonomy, AGCO stated 7% of farmers globally replace their equipment every year, leaving 93% using older models as potential customers for upgrades.
According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
Manitou Group has announced an agreement to acquire 75% of COME S.R.L, a company specializing in the production of mechanically welded parts, and 75% of Metal Work S.R.L, a company specializing in laser cutting.

Boom Time for Tractor Sales in South Africa

May 26, 2022 | Posted in Equipment & Equipment Sales

Tractor manufacturers had to revise their market forecasts sharply upwards and increase shipments to dealers in South Africa in 2021 as the market accelerated at a faster pace than anticipated.

Mahindra Takes Control of Ag Equipment Operations in South Africa

November 17, 2021 | Posted in Ag Equipment Worldwide

A recent report from Zawya stated Mahindra will officially take control of its ag equipment distribution and operations in South Africa, after having operated in South Africa since 2019 via "regional resellers."

Indian Tractor Manufacturer VST Tillers Enters Southern African Market

September 7, 2021 | Posted in Ag Equipment Worldwide

According to a report from India Info Online, VST Tillers Tractors, an Indian farm equipment manufacturer, has signed an agreement with Export Trading Group to distribute tractors, tillage and harvesting equipment and diesel engines in the South African market.

South Africa Tractor Sales Increase 8.9% in 2020 to 5,700 Units

September 3, 2021 | Posted in Equipment & Equipment Sales

Prospects for dealers and machinery manufacturers at the beginning of last year looked less than promising as far as tractor sales were concerned as the slide in demand experienced through 2019 continued into the first four months of 2020.

AGCO Launches First Fendt Dealers in Africa

April 26, 2021 | Posted in Ag Equipment Worldwide

AGCO has announced the first group of Fendt dealers in Africa, spread across the diverse agricultural landscape of South Africa.

CNHI Completes Acquisition of 4 Divisions of CEG in South Africa

January 12, 2021 | Posted in Ag Equipment Worldwide, Mergers & Acquisitions

CNH Industrial has announced that it has successfully concluded the deal to acquire the 4 businesses from CEG, a business unit of Humulani Marketing Pty Ltd, ultimately owned by Invicta Holdings Limited.

AGCO Moves to In-House Distribution Model in South Africa

October 1, 2020 | Posted in Ag Equipment Worldwide

AGCO, a worldwide manufacturer and distributor of Challenger, Fendt, Massey Ferguson and Valtra brands has adopted a 2-tier distribution model that will support South African dealers directly from the region’s headquarters in Johannesburg, effective from Oct. 1, 2020.

CNH to Acquire South African Assets for New Case IH Operation

August 17, 2020 | Posted in Ag Equipment Worldwide

Subject to competition commission approval, CNH Industrial is to acquire selected assets from its Case IH importer in South Africa by the end of this year to create its own in-house operation.

South African Tractor Sales Plummet on Planting Season Woes

January 29, 2020 | Posted in Ag Equipment Worldwide, Equipment & Equipment Sales

Tractor sales in South Africa plummeted last year as initial uncertainty over harvest prospects in summer cropping areas, followed by drought conditions that held back timely planting, had a profound impact on grower investment sentiment.

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Deere Production Could be Down 10-15% Next Year

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.

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