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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...

“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 ...

“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...

Business

CLAAS successfully finishes 2023

The CLAAS Group finished fiscal year 2023 with excellent results. To a major extent, this was thanks  to a higher demand. Overall sales reached € 6.1 billion, an increase of almost 25%. The company celebrated 50 years of the Jaguar self-propelled harvester, won the Tractor of the Year award and...

John Deere expands in Brazil

John Deere is going to build the Brazil Technology Development Center, its first development and testing center for tropical agriculture in the world. The company will invest around R$180 million (USD 37 million) in the project, with the aim of promoting synergy between the multiple R&D teams th...

AGCO awarded by Finnish president

AGCO has received the annual Internationalization Award of the President of the Republic of Finland in the category of Long-Term International Investor. The Award is bestowed annually in recognition of internationally successful companies or communities. “AGCO’s growth in Finland has been a success ...

Deere reports solid growth

Deere & Company reported net income of $2.369 billion for the fourth quarter ended October 29, 2023, compared with net income of $2.246 billion for the quarter ended October 30, 2022. For fiscal-year 2023, net income attributable to Deere & Company was $10.166 billion, compared with $7.131 b...

AGCO acquires FarmFacts

Following the recently announced transformational Joint Venture (JV) with Trimble, which creates a global mixed-fleet precision ag platform, AGCO continues its technology evolution. The latest addition to their portfolio is FarmFacts in Germany, provider of Farm Management Information Software (FMIS...

CNHi and LS expand cooperation

CNH Industrial expands its longstanding partnership with LS Tractor, the agricultural tractor division of OEM LS Mtron in South Korea. The Memorandum of Understanding and the technical cooperation agreement signed, aim at expanding the current cooperation with LS Tractor and delivering an extended p...

AVR to open German branch

One year before its 175th anniversary, AVR, manufacturer of a full range of machinery for the potato cultivation industry and a global player in that market segment, opens a new subsidiary in Germany. This new subsidiary will serve as a strategic base of operations for AVR, who aims to provide up-cl...

CNHi reports third quarter results

CNH Industrial reported results for the three months ended September 30, 2023 with net income of $570 million, compared to $559 million for the three months ended September 30, 2022. Consolidated revenues were $5.99 billion (up approximately 2% compared to Q3 2022) and net sales for Industrial Activ...

CNHi releases 8th Sustainable Year

CNH Industrial demonstrates its commitment to a sustainable future with the eighth edition of “A Sustainable Year”. This digital magazine features innovation and sustainability developments from the past year. Read about how the company rolled out their priorities, diligently working to meet sustain...

AGCO reports record Q3 results

AGCO reported its results for the third quarter ended September 30, 2023. Net sales for this quarter were approximately $3.5 billion, an increase of 10.7% compared to the third quarter of 2022. Excluding favorable foreign currency translation of 3.5%, net sales in the quarter increased 7.2% compared...
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