AGCO Breaks Ground for New Parts Warehouse in Johannesburg
16 Maggio 2012 - 5:46PM
Business Wire
AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide
manufacturer and distributor of agricultural equipment, celebrated
a groundbreaking ceremony for its African Master Parts Distribution
Centre together with its South African distribution partner,
Barloworld, in Johannesburg on Monday. "Africa offers tremendous
growth opportunities in the agricultural equipment sector,” said
Martin Richenhagen, Chairman, President and CEO of AGCO. “AGCO is
committed to growing its presence within Africa by investing in
distribution infrastructure and new training sites. Our new
warehouse will allow us to better serve our customers in
Sub-Saharan Africa.”
Massey Ferguson Model 6485 ground
breaking ceremony at Pomona, Johannesburg People (from left to
right): Boris Schoepplein, Vice President Parts Europe, Africa
& Middle East (AGCO); Godfried Heydenrych, Director Barloworld
Handling (Barloworld); Nuradin Osman, Special Assistant to the
Chairman and Director Operations Africa & Middle East (AGCO);
Charles van Niekerk, General Manager MF and Challenger
(Barloworld)
The new AGCO Parts Distribution Centre will be located close to
the O.R. Tambo International Airport in Johannesburg with optimal
logistical connections. A wide range of up to 40,000 parts will be
stocked locally to significantly improve order response times and
machine uptime for AGCO’s African customers. “Investing in AGCO’s
after-sales service infrastructure in Africa allows us to be closer
to the market and provide better service levels to our local
distribution partners and customers,” explained Hubertus
Mühlhäuser, Senior Vice President, General Manager, Europe, Africa
& Middle East.
“A continent like Africa has significant potential for growth in
the agricultural sector. With 11 percent of the world’s arable
land, much of which is uncultivated, Africa will benefit from
modern, mechanized farming techniques,” continued Hubertus
Mühlhäuser. “Overall, AGCO plans to invest up to $100m USD in its
Africa business over the next few years. The new master parts
warehouse in Johannesburg is a first step to improve our
after-sales infrastructure for African markets.” AGCO’s
technology-driven products will contribute to the modernization of
the African agricultural market, and the local presence will allow
AGCO to better serve African customers with high quality products
and services.
With over 50 years of experience in Africa through its Massey
Ferguson tractor brand, AGCO already leverages alliances with
governments, foreign investors and donors to improve agricultural
practices in Africa. AGCO plans to fund the development of Model
Farms and Training Centers in Zambia, Ethiopia, Morocco and South
Africa that will allow local farmers and dealers to be trained on
new farming methods and technology.
The construction of AGCO’s African master parts warehouse will
be completed by the end of 2012. In addition to supporting AGCO’s
distributors in Southern Africa, AGCO Parts shipments to
Barloworld’s dealer network will also be prepared from the new AGCO
warehouse. The joint approach will allow Barloworld to offer an
even better service to its customers due to the expanded range of
locally stocked parts.
ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader
focused on the design, manufacture and distribution of agricultural
machinery. AGCO supports more productive farming through a full
line of tractors, combines, hay tools, sprayers, forage equipment,
tillage, implements, grain storage and protein production systems,
as well as related replacement parts. AGCO products are sold
through four core machinery brands, Challenger®, Fendt®, Massey
Ferguson® and Valtra® and are distributed globally through 3,100
independent dealers and distributors in more than 140 countries
worldwide. Retail financing is available through AGCO Finance for
qualified purchasers. Founded in 1990, AGCO is headquartered in
Duluth, GA, USA. In 2011, AGCO had net sales of $8.8 billion.
http://www.AGCOcorp.com
Safe Harbor Statement
Statements which are not historical facts, including
expectations regarding the development and sales of products in
this region, are forward-looking and subject to risks that could
cause actual results to differ materially from those suggested by
the statements. These risks include possible declines in demand for
products as a result of weather, demand and other conditions that
impact farm income, actions by producers of competitive products,
and the general risks attendant to acquisitions. 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, 2011. AGCO disclaims any obligation to
update any forward-looking statements except as required by
law.
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