AGCO Unveils $20 Million
Expansion for French Manufacturing Facility
DULUTH, Ga., September 24, 2012 — AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment and infrastructure, has announced a $20 million investment for its tractor manufacturing facility in Beauvais, France.
AGCO "BEAUVAIS 2"- New Cab Assembly and MF Sales Training Centre (Photo: Business Wire)
The new complex will house the tractor cab production line and will also become home to a new Massey Ferguson International Sales Training Centre.
“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.”
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