AGCO Announces Capital Investment Project at Beloit and Cawker City Facilities in Kansas
04 Maggio 2023 - 2:40PM
Business Wire
‘Planter Accelerate’ Project to bring new jobs
and greater planter production capabilities to AGCO plants.
AGCO Corporation (NYSE: AGCO), a global leader in the design,
manufacture, and distribution of agricultural machinery and
precision ag technology, announced today a capital improvement
project that will increase production capacities for Massey
Ferguson® and Fendt® Momentum® planters at its Kansas facilities in
Beloit and Cawker City. The project – dubbed “Planter Accelerate” –
will begin in the second quarter of this year and continue through
the first quarter of 2024.
The additional capacities provided by the project will be
leveraged to meet the significant growth expected for planters from
both of AGCO’s primary North American equipment brands.
Improvements from the Planter Accelerate project include
streamlining production by freeing up factory space, improving
material storage areas and receiving docks, and adding capacity to
the manufacturing line and fabrication. The project will also bring
a new 2D laser to the facility, which will not only replace aging
equipment but also improve laser cut efficiencies by eight times
and use less energy in doing so.
New capabilities and capacities in the plants are anticipated to
bring additional jobs to both locations by the end of the project.
Once complete, the Beloit and Cawker City operations will be
capable of building planters, tillage, and drills year-round to
meet climbing demands for these products. These greater production
capacities will bring new, more simplified jobs to support the
overall assembly line operation.
“Project Accelerate underscores AGCO’s commitment to our Beloit
and Cawker City communities and our faith in the products they
build,” said Justin Rexroat, director of supply chain for the
Beloit site. “We’re tremendously excited about the new jobs and
production improvements it will allow. The future of our planter
division is very bright, and we’re ready for Beloit and Cawker City
to deliver them to our farmers.”
Preparations for Project Accelerate are now underway, with
construction and renovation in the facilities expected to begin by
May 2023.
Fendt and Massey Ferguson are registered trademarks of AGCO.
Momentum is a trademark of AGCO.
About AGCO
AGCO (NYSE:AGCO) is a global leader in the design, manufacture,
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio, including core brands like Fendt®, GSI®, Massey
Ferguson®, Precision Planting®, and Valtra®. Powered by Fuse® smart
farming solutions, AGCO’s full line of equipment and services help
farmers sustainably feed our world. Founded in 1990 and
headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $12.7 billion in 2022. For more information, visit
www.AGCOcorp.com. For company news, information, and events, please
follow us on Twitter: @AGCOCorp. For financial news on Twitter,
please follow the hashtag #AGCOIR.
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version on businesswire.com: https://www.businesswire.com/news/home/20230504005307/en/
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018
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