AGCO Announces Three-Year, $42 Million Expansion of Minnesota Facility
08 Maggio 2013 - 4:42PM
Business Wire
AGCO, Your Agriculture Company (NYSE:AGCO)
(http://www.AGCOcorp.com), has begun further expansion of its
Jackson, Minn., manufacturing center. During the next three years,
AGCO will invest an estimated $42 million in infrastructure,
increasing production capacity and efficiency in order to help meet
growing demand for the tractors and application equipment built
there. Eric Fisher, AGCO director of operations in Jackson, was
joined by city of Jackson Mayor Wayne Walter in a groundbreaking
ceremony at the site May 7, 2013, to mark the start of the facility
improvement project.
Eric Fisher, AGCO Jackson, third from
right, was joined by local officials for a groundbreaking ceremony
May 7, 2013, to mark the start of AGCO's $42 million expansion.
From left, Jennifer Bromeland, Janice Fransen, Clayton Lewis,
Fisher, city of Jackson, Minn., Mayor Wayne Walter and William
Tusa. (Photo: Business Wire)
The three-year endeavor is made up of seven phases affecting all
areas of the campus, including component manufacturing, the tractor
assembly line and the application equipment assembly line. Once
completed, the expansion will create 75 additional permanent jobs
at the facility, bringing the total number of employees to more
than 1,200. The project will increase production capacity by 25
percent for both the tractor and sprayer assembly lines while
maintaining best-in-class product quality.
The first phase, scheduled to be complete fall 2013, includes a
30,000-square-foot expansion of the component manufacturing area,
which will increase capacity by 20 percent and improve efficiency
by reengineering the flow of materials to assembly stations. The
installation of an additional robotic welder and a sheet laser will
improve productivity and positively impact all equipment built in
Jackson.
Fisher comments, “This expansion builds on the excitement that
began in 2011 when AGCO chose Jackson as the location where
high-horsepower wheeled tractors for North America would be built.
Continuing to invest here reinforces AGCO’s commitment to bringing
our North American customers high-quality tractors and application
equipment built how the customer wants them and delivered on
time.”
Remaining phases include expanding the tractor assembly line for
increased production capacity, an in-line paint system for the
application assembly line, and cutting-edge testing capability of
our finished products.
Looking Back: Recent Investments in Jackson Facility
In June 2012, AGCO expanded its Jackson location to bring
production of Massey Ferguson® and Challenger® wheeled row-crop
tractors to North America. That expansion included AGCO’s first
North American welcome center, Intivity CenterSM. These efforts
contributed more than $17 million to the local economy by adding
more than 200 jobs. This brought the total number of professional,
support and skilled manufacturing positions at the facility to
1,050.
Intivity Center, a 17,000-square-foot, state-of-the-art visitor
center, showcases the farmer-focused innovation behind the brands
upon which the company has been built. It offers an extensive
collection of historical artifacts — many never before seen by the
public — and includes a glimpse of the future of agricultural
equipment through interactive displays demonstrating equipment
technology in development at AGCO. For more information about
Intivity Center or to make reservations to tour the AGCO Jackson
manufacturing center, visit Jackson.AGCOCorp.com
(http://jackson.AGCOcorp.com).
Farm equipment manufacturing has been a part of the Jackson
community since 1963, when Ag-Chem Equipment Company was founded as
a distributor of spraying equipment. Ag-Chem was purchased by AGCO
in 2001. Jackson is home to Challenger and Massey Ferguson
high-horsepower wheeled row-crop tractors as well as the Challenger
track tractors and application equipment.
Intivity Center is a service mark of AGCO. Massey Ferguson is a
worldwide brand of AGCO. Challenger is a registered trademark of
Caterpillar Inc. and is used under license by AGCO.
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 five core machinery brands, Challenger®, Fendt®, GSI®,
Massey Ferguson® and Valtra®, and are distributed globally through
3,150 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 2012, AGCO had net sales of
$10 billion. http://www.agcocorp.com/
Safe Harbor Statement
Statements which are not historical facts, including
expectations regarding the manufacture of equipment, 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, 2012. AGCO
disclaims any obligation to update any forward-looking statements
except as required by law.
To download digital assets, visit AGCOnews.com
http://www.agconews.com/na/newsroom#story/AGCO-Announces-ThreeYear-42-Million-expansion-of-Minnesota-Facility/preview
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