AGCO to take majority stake in Trimble
Global agricultural machinery manufacturer AGCO is set to become a majority owner of Trimble’s precision agriculture business.
AGCO is this year celebrating the 75th anniversary of AGCO Power, its engine business.
And it has produced its one-millionth AGCO Power engine at the factory in Linnavuori, Nokia, Finland.
AGCO Power started making engines in Linnavuori 75 years ago, later becoming an important part of Valtra, which was bought by AGCO in 2004.
AGCO has since developed new products and innovative engine technologies and has increased production capacities at the plant.
Today it makes 3, 4, 6 and 7-cylinder diesel engines at Linnavuori and in Changzhou (China), Mogi das Cruzes (Brazil) and General Rodriguez (Argentina). It now makes at least 100,000 engines annually.
At least 70% of AGCO machines use AGCO Power engines -- in Massey Ferguson, Valtra and Fendt machines delivered to the Australian and New Zealand markets.
The company is noted for its pioneering development of emission reduction technologies; it was the first to launch SCR technology in agricultural machinery in 2008. Now its engines meet and exceed the latest emission regulations in the EU and the US, complying with the Tier 4 emissions standards.
AGCO Power engines are also ready for the stage V emission regulations to be phased in gradually in 2019 and 2020, whose development started several years ago.
AGCO Power’s innovations have improved the combustion process, offering customers excellent fuel economy; they continue to evolve and the company is exploring renewable fuels and electric power.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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