AGCO Awarded Major Business Contract in China
28 Settembre 2009 - 2:15PM
Business Wire
AGCO Corporation (NYSE:AGCO), Your Agriculture Company, a
worldwide distributor and manufacturer of agricultural equipment,
today announced that it has been awarded a contract in a
competitive bid for tractors by the Heilongjiang provincial
government in China. This program is aimed at expanding
agricultural technology and productivity in the local Chinese
market.
Under the terms of the agreement, AGCO will deliver over 300
units of Valtra tractors to the province by the year end. These
units will help meet the needs of the Heilongjiang province for
advanced agricultural technologies. AGCO’s Valtra T191h tractors
are high calibre machines that have received wide recognition in
the China market thus far. The new units to be delivered to the
province will further contribute to the sustainable growth of the
local agricultural sector.
With the delivery of the machines, AGCO will conduct large scale
technical training for over one thousand local end users. The
planned training will allow the local end users to better
understand modern agricultural equipment as well as operational and
maintenance knowledge.
"AGCO is committed to growing our representation within China
and the Heilongjiang province is one of our key focal areas,” said
Hubertus Muehlhaeuser, Senior Vice President, Strategy &
Integration and General Manager, Eastern Europe & Asia.
Eric Raby, Vice President, Sales & Marketing, Eastern Europe
and Asia, explained, “AGCO has been successful in this province
with the Valtra brand of tractors and this addition to the current
fleet of machines reinforces the progress AGCO is making in
obtaining acceptance from farmers of the region,”.
AGCO has been a market leader in China for imported tractors.
Over the past decade it has assembled a strong local post-sales
service team and spare parts stocks serving the needs of local end
users in various regions.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO) was founded in 1990
and offers a full product line of tractors, combines, hay tools,
sprayers, forage, tillage equipment, implements, and related
replacement parts. AGCO agricultural products are sold under the
core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®,
and are distributed globally through more than 2,800 independent
dealers and distributors, in more than 140 countries worldwide.
AGCO provides retail financing through AGCO Finance. AGCO is
headquartered in Duluth, Georgia, USA. In 2008, AGCO had net sales
of $8.4 billion. Please visit our website at www.AGCOcorp.com.
SAFE HARBOR
Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements
involving known and unknown factors that may cause actual results
of AGCO Corporation to be different from those expressed or implied
in the forward-looking statements. In this context, words such as
"will," "likely," "offers" or other similar words and phrases often
identify forward-looking statements made on behalf of AGCO. These
forward-looking statements involve a number of risks and
uncertainties. It is important to note that actual results of the
company may differ materially from those described or implied in
such forward-looking statements. Further information concerning
these and other factors is included in AGCO’s filings with the
Securities and Exchange Commission, including its Form 10-K for the
year ended December 31, 2008. AGCO disclaims any obligation to
update any forward-looking statements.
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