Agriculture drags down Kubota results

Kubota-M72

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 […]

Titan tyres continue to offer full service worldwide

Titan tyres

With machinery sales taking a hit globally, it was inevitable that tyre sales would follow. Titan International has reported a 16.8 per cent drop in revenue for the first quarter of 2020. The company said orders on its books had been significantly rolled back but it was optimistic demand would return in the second half […]

First quarter AGCO sales take a small hit

AGCO Massey Ferguson

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 […]

Ag Shows big and small seek survival assistance

Australian Field Days

The peak body representing royal and country shows across Australia is calling on the Federal Government to invest in a support package to ensure the survival of the events beyond the COVID-19 pandemic. Agricultural Shows Australia (ASA) estimates shows contribute approximately $1 billion to the national economy – a figure which has all but dried […]

Egg supply steady as demand spikes

Australian egg farmers are keen to reassure customers there is no need to fear egg shortages due to the coronavirus pandemic. Retailers have limited egg purchases alongside other household staples in response to panic buying but any absence of eggs in stores is purely demand driven, and not a reflection of the continuity of supply. […]

John Deere lays off staff as COVID-19 hits harder in the US

John-Deere-forest-harvester

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-COVID19-Strategy

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 […]