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120 years New Holland Zedelgem

New Holland is celebrating the 120th anniversary of its “Zedelgem Global Centre of Harvesting Excellence” in Belgium. This facility is the company’s strategic hub for the development and production of combine harvesters, forage harvesters and balers exported worldwide. For 120 years, every generatio...

ITL tractor assembly in Kazakhstan

Kazakhstan and India signed agreements following the Kazakhstan-India Business Forum on Trade and Investment, held in Chennai, Tamil Nadu, India on September 9th. This includes the assembly of ITL tractors in Kazakhstan. One of the agreements provides for cooperation between SP BKM LLP and Internati...

Fulchir-BCS deal falls through

The recently announced acquisition of BCS Group by Fulchir Group has been canceled. According to Italian financial website Borsa Italia, the conditions for the transaction no longer exist, due to ‘critical issues’ and ‘unpredictable risks’. The acquisition of BCS by the Fulchir industrial group has ...

Siloking strengthens MT structure

Siloking is reorganizing its management team structure for the next phase of the company’s development. By expanding its senior management, the company is streamlining decision-making and strengthening cross-functional collaboration. Hence, the family-owned company is laying the foundation for...

Groundbreaking for new EKL plant

Escorts Kubota Limited (EKL), the Indian subsidiary of Kubota Corporation, has signed a land lease agreement as part of its plans to construct a new plant in Uttar Pradesh. A groundbreaking ceremony was held to commence the site preparation. The new plant will expand production capacity for tractors...

Fulchir Group acquires stake in BCS

Fulchir Group acquires a stake in BCS Group, manufacturer of agricultural machinery under the BCS, Ferrari, Pasquali, and Mosa brands. This brings a decisive turning point in the financial uncertainty that had affected the company recently. BCS is headquartered in Abbiategrasso, Italy. The Group has...

Highlights

“Agritechnica Asia live” is approaching

From 24-26 August, Agritechnica Asia Live 2022 will be held in Can Tho City, Vietnam. At Agritechnica Live, machinery will be demonstrated in the field. Concurrently there’s an exhibition with a seminar programme. The previous edition was held in Myanmar, which attracted visitors from across South E...

“I wanted to disrupt the industry”

Craig Rupp is a self-made man. The founder and owner of US based Sabanto, has a clear vision on automation in agriculture. “I wanted to disrupt the industry,” he says. And so, he did. Craig developed the Steward retrofit kit, making tractors operate autonomously. It eases the workload for farmers. B...

“Cotton King” high clearance tractor

Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan in Central Asia, are rich in cotton production. In order to meet technological constraints, Lovol launched the high clearance TX1104-H “Cotton King” tractor, specifically designed for cotton production in these countries. Th...

“Let the future begin”

The global ag machinery market is continuously evolving. AGCO aims to be in the forefront of new technology. Serving their own customers, but also mixed fleet operations. With new solutions in precision ag, autonomous vehicles and engines running on clean energy. Always with full focus on the farmer...

“Agricultural robots” today at Agritechnica digital

“Agricultural robots” is the first topic in new webinar series on startup technologies, presented in Agritechnica digital. Free-to-attend ‘AgTech’ events explore topics shaping startup innovation scene: robotics, digitalization, circular economy and soil health. Today, 18 January 2022, Agritechnica ...

Business

GRIMME steadily moving forward

The family-run GRIMME Group from Damme (Germany) increased its turnover by 14.8 % to € 721 million in 2023. German-based companies GRIMME Landmaschinenfabrik, INTERNORM and RICON, as well as SPUDNIK (USA) and ASA-LIFT (Denmark) and the 21 sales and service companies managed to significantly increase...

Deere & Banco Bradesco teaming up

Deere & Company and Banco Bradesco in Brazil will establish a strategic alliance for the Brazilian market. The 50:50 joint venture at Banco John Deere aims to provide enhanced financing options for John Deere customers and dealers within the country.  Under terms of the agreement, Bradesco,...

TAFE files lawsuit against AGCO

AGCO and tractor manufacturer Tractors and Farm Equipment (TAFE) from India have been into a long-lasting commercial relationship. Earlier this year however, AGCO opened its own subsidiary in India, deciding TAFE to go into litigation with AGCO. As a result, AGCO issued the statement below, commenti...

700,000 tractors from CNH India

CNH marks the production milestone of 700,000 New Holland and Case IH tractors at its manufacturing site in Greater Noida, India. The plant produces approximately 2,000 tractor variants, ranging from 35 to 120 horsepower across the two brands. Gerrit Marx, CEO of CNH attended the milestone ceremony ...

DEUTZ buys Rolls-Royce division

DEUTZ and Rolls-Royce’s Power Systems division have completed the transaction for DEUTZ to take over the sales and service activities for various Daimler Truck industrial engines. The transaction relates specifically to engines with displacements from 5 to 16 liters and power output of up to 480 kW....

CNH publishes lower Q2 results

CNH Industrial reported results for the three months ended June 30, 2024, with net income of USD 438 million compared with net income of USD 710 million for the three months ended June 30, 2023. Consolidated revenues were $5.49 billion (down approximately 16% compared to Q2 2023) and Net sales of In...

AGCO reports declining Q2 results

AGCO reported net sales of $3.2 billion for the second quarter ended June 30, 2024, a decrease of 15.1% compared to the second quarter of 2023. Excluding unfavorable foreign currency translation of 0.9%, net sales in the second quarter of 2024 decreased 14.2% compared to the second quarter of 2023. ...

100,000 times Fendt 700 Vario

The Vario transmission is the key feature which turned AGCO subsidiary Fendt from a modest German manufacturer with mainly customers in Europe, to a major player on the global tractor market. First introduced in 1998, recently the 100,000th Gen7 Fendt 700 Vario tractor was built in its home city Mar...

AGCO sells Grain & Protein division

AGCO entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (AIP) in an all-cash transaction, valued at $700 million. “The divestiture of Grain & Protein supports AGCO’s strategic transformation, recently accelerat...

Monarch Tractor raises major funding

Monarch Tractor, creator of the MK-V, fully electric, driver-optional smart tractor and Wingspan Ag Intelligence (WingspanAI) farm management platform, raised a major USD 133 million Series C funding. Monarch has quickly become a strong player within the agricultural space as an off-road electric ve...
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