AGCO expands capacity in the Research and Development Centre in Marktoberdorf with 120 additional jobs
AGCO, Your Agriculture Company, announced today that the Board of Directors recently approved an expansion of capacity for the Research and Development Centre at the Marktoberdorf location.
This involves erecting a new multi-storey building on the grounds of the Research and Development Centre. An investment of approx. 2.6 million euros will create some 120 new jobs for engineers and electronic technicians, which will be filled through new hiring over the next two years. Then a total of approx. 400 employees will be working on new developments and advancements in tractors and forage harvesters at the Research and Development Centre.
Peter Paffen, Vice President and Spokesman for the AGCO/Fendt Management: “The expansion of the development centre at the AGCO Marktoberdorf location allows us to take important future projects forward faster and better, so that we can maintain our reputation on the market as the trendsetter and leader in innovations. Our special focus lies on electronics, which will allow us to push forward with systems and automation.”
About Fendt Fendt is the leading high-tech brand of the AGCO Corporation for customers with the highest demands. Tractors and harvesting machines from Fendt are at work in the fields of enterprise-oriented farms and in other interesting areas of application around the world. In many areas of agricultural technology, Fendt is the pioneer par excellence when it comes to trendsetting innovations. Fendt customers therefore benefit more quickly from the latest technology for enhancing performance, efficiency and profitability in their farming businesses. AGCO Fendt employs some 3,300 people in the areas of research and development, sales and marketing, production, service and administration at its Marktoberdorf and Asbach-Bäumenheim sites in Bavaria, Germany.
About AGCO AGCO, Your Agriculture Company, (NYSE: AGCO) (www.agcocorp.com) was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements, and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,600 independent dealers and distributors, in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified customers. AGCO is headquartered in Duluth, Georgia, USA. In 2010, AGCO had net sales of $6.9 billion.