Morris Industries given a fresh start by Rite Way Mfg
Rite Way Mfg based in Canada has emerged as the owner of Morris Industries and has taken control of Morris’ well-known seeding, tillage and hay product model lines. This was always going to be a big deal, with consideration of 134 Morris employees to care for, along with manufacturing plants and existing inventory to fix […]
Agriculture outlook dominated by recovery from drought
The latest forecast from Agricultural experts identifies the recovery from drought as dominating the very positive near-term outlook for higher farm incomes. Even the COVID-19 pandemic that has presented its own challenges has been brushed off in a flurry that has seen dusty old planters heading for cropping paddocks. Better seasonal conditions are expected to […]
Agriculture drags down Kubota results
Kubota’s reported first quarter results show an 8.6 per cent revenue decline on the same period last year to AU$6.3 billion. Domestically this drop was mainly attributed to decreased sales of farm equipment but on overseas markets sales of construction machinery, tractors and engines all fell. Overall, company operating profits took a very substantial 42.4 per […]
First quarter AGCO sales take a small hit
Massey Ferguson, Fendt and Valtra manufacturer, AGCO, has booked first quarter sales worth AU$2.95 billion, a decrease of approximately 3.4 per cent compared to the first quarter of 2019. The company’s production operations in China and Europe were both adversely hit by the COVID-19 pandemic but North America proved to be resilient with production levels […]
CNH Industrial first quarter results mark steep agricultural decline
As part of its first quarter 2020 financial results announcement, CNH Industrial noted worldwide agriculture industry demand was significantly down. Global demand for tractors was down 15 per cent and combines down 11 per cent. The demand slowdown for tractors in the month of March alone was some 36 per cent. In North America, tractor […]
John Deere lays off staff as COVID-19 hits harder in the US
John Deere has paused production at its Davenport and Dubuque, Iowa, plants and is laying off 159 workers. The reduction follows layoffs of 105 workers in Dubuque earlier this year. Both facilities manufacture construction and forestry products, which Deere had projected a 10 to 15 per cent reduction in net sales worldwide for that segment […]
Komatsu pro-actively responds to pandemic
Komatsu is a major supplier of below and above ground heavy machinery and during the course of the COVID-19 pandemic it has seen a greater emphasis on agile supply chain methods, a ramping up of E-commerce ordering, greater reliance on sophisticated machine monitoring allied to customer support centres, and the flexible deployment of key staff […]
Continental wins OEM tyre deal with John Deere
Following a comprehensive audit of its Portuguese manufacturing plant, Continental has inked a partnership deal with John Deere to supply its Tractor 70 and Tractor 85 tyres for the John Deere 6MC, 6RC, 6M and 6R mid-sized tractor ranges. The OE approval provides for 30 different sizes of Continental’s agricultural tyres to be aufitted to […]
New Holland restructures management team for 2020
Bruce Healy, managing director of Iveco Australia/New Zealand for the past two years, takes the helm as Brand Leader for New Holland’s Australian and New Zealand operations, as the badge sets for growth in 2020. The appointment is effective from 1 February 2020 at the CNH Industrial St Mary’s HQ in Sydney NSW. And while […]
CNH Industrial buys ATI Track Systems
CNH Industrial (CNHI) has purchased ATI Inc. an Indiana-based US manufacturer of rubber track systems for high-power tractors and combines. With ATI Track Systems under its belt, its expected CNHI will add the tracks to its Case IH combines in late 2020, and available for retrofit for the 2020-21 harvest season. Reducing compaction and getting […]