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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

“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 ...

“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...

“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...

“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...

Business

SDF surpasses €2 billion turnover

In 2023, Italian Same Deutz-Fahr (SDF Group) achieved a turnover of 2,031 million euros, up 12.6% from the 1,803 million euros recorded in 2022 and up 60% from the pre-Covid 2019 turnover. EBITDA (profit) reached 322 million euros, or 15.9% of turnover, up from 11.1% in 2022. The growth in turnover ...

Överum moves on stand-alone

Following CNH’s sale of the Överum plough business to Munich based investment holding Fair-Cap last April, the company now operates independently under the new name Överum Industries AB. The new company will continue to manufacture and supply ploughs and spare parts for the Överum brand, as well as ...

New members of Precision Planting

As of June 1, Intelligent Ag Solutions and Headsight Harvesting Solutions in the USA will merge into AGCO subsidiary Precision Planting. The products of both companies will remain, but will only be available through Precision Planting dealers. Current Headsight and Intelligent Ag dealers have the op...

Shaktiman expands global reach

Since its inception in 1997, when its product range consisted solely of rotary tillers, Shaktiman has helped improve mechanization amongst India’s 90 million farmers. The company supplies a portfolio of accessible machinery that today covers the entire crop cycle, from seedbed preparation to crop re...

AGCO invests in Innova

AGCO entered into an investment in the Innova Ag Innovation Fund VI of venture capital firm, Innova Memphis, USA. This fund investment is the first executed by AGCO’s recently launched corporate venture capital initiative, AGCO Ventures. The deal aligns with AGCO’s approach to support th...

Q2 income Deere & Co. declines

Deere & Company reported net income of $2.370 billion for the second quarter of the fiscal year ended April 28, 2024, compared with net income of $2.860 billion for the quarter ended April 30, 2023. For the first six months of the year, net income was $4.121 billion, compared with $4.819 billion...

LS Mtron and DY into electric carts

LS Mtron from Korea signed an MOU for expansion into the agricultural electric cart business, with industrial mobility company DY Innovate. Both companies will promote development and sales of agricultural electric carts in Korea and North America. Agricultural electric carts are used to move betwee...

Trioliet opens powder coating plant

Trioliet, supplier of feeding and weighing systems, recently commissioned a new, energy-efficient powder coating plant. This plant has significantly more capacity while using around 40% less energy, compared to the previous plant. By applying an upgraded pre-treatment technique to the steel, this bo...

Fendt Lodge North America opened

AGCO Corporation opened the Fendt Lodge in Jackson, MN USA. The 16,000-square-foot customer experience center is adjacent to the company’s manufacturing facility in Jackson and serves as the official home for Fendt in North America. “Farmers’ reception of the Fendt brand in North America...

AGCO & CNH report Q1 results

AGCO and CNH published their financial results over the first quarter of 2024. Both companies experienced headwinds across their portfolios in all regions of the world. Yet, they managed to navigate and stay on track in turbulent times. AGCO reported net sales of $2.9 billion for the first quarter e...
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