AGCO Unveils $20 million Expansion for French Manufacturing Facility
24 Settembre 2012 - 2:30PM
Business Wire
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural equipment and
infrastructure, has announced a $20 million investment for its
tractor manufacturing facility in Beauvais, France. The new complex
will house the tractor cab production line and will also become
home to a new Massey Ferguson International Sales Training
Centre.
AGCO "BEAUVAIS 2"- New Cab Assembly and
MF Sales Training Centre (Photo: Business Wire)
“This latest initiative at Beauvais underlines AGCO’s commitment
to continuing long-term investment in our worldwide manufacturing
facilities and product lines,” said Martin Richenhagen, Chairman,
President and CEO of AGCO. “This project will provide the necessary
space and scope to improve the efficiency of our production and
lower our manufacturing costs.”
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 efficiency and cost of production, 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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