Industry News

Manufacturing

Thurston Manufacturing Acquires Simonsen Iron Works
Thurston Manufacturing Company has announced the asset purchase of a Spencer, Iowa, based company, Simonsen Iron Works.
AgriMarketing – 5/21/2013

25,000th Large Square Baler is Built in Hesston, Kansas
In 1978, Hesston Corporation introduced the Model 4800, the industry's first large square baler, revolutionizing hay production and feeding practices at a time when labor availability and fuel prices were driving a need for innovations on the farm. Big square balers have come a long way since then, and on May 16, 2013, a large crowd gathered at AGCO's Hesston Operations to celebrate the 25,000th large square baler built in Hesston, Kan.
Farm Equipment – 5/17/2013

Mahindra USA Announces 2013 Women in Ag Scholarship Winners
Mahindra USA, Inc. is proud to announce the winners of its 2012 / 2013 scholarship program benefiting young women studying agriculture, the "Mahindra Tractors' Women in Ag Scholarships." Since 2007, Mahindra USA has sponsored the Women in Ag Scholarship Program to recognize the important role that women play in the future of the agricultural industry.
Farm Equipment – 5/16/2013

Deere's Sales, Net Up 9% in 1st Half
Net income attributable to Deere & Company was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year. For the first six months of the year, net income attributable to Deere & Company was $1.734 billion, or $4.41 per share, compared with $1.589 billion, or $3.91 per share, last year.
AgriMarketing.com – 5/15/2013

Mutual Fund Now Owns 12% Of CNH
During the fourth quarter of 2012, Southeastern Management, a large mutual fund managed by billionaire Mason Hawkins, initiated a position of 1.5 million shares in CNH Global, a $10 billion market cap manufacturer of farm and construction machinery.
AgriMarketing – 5/15/2013

CNH Invests $13 Million in New Parts Facility
CNH Parts & Service, the product support division of agricultural and construction equipment maker CNH Global N.V., has announced plans to invest more than $13 million to equip and lease a new facility at 210 South Enterprise Drive in Lebanon, Ind., in the Lebanon Business Park. Once fully operational and staffed, the new facility is expected to support 100 new area jobs.
Utility Contractor – 5/14/2013

Fiat Industrial Opens Argentine Plant
Fiat Industrial has opened a new agricultural machinery and engine plant in Córdoba, Argentina. The investment is part of a U$ 130 million plan the company announced in 2011.
Diesel Progress – 5/13/2013

Blount Announces New President for Farm, Ranch, and Agriculture Division
Blount International, Inc. [NYSE: "BLT"] ("Blount" or the "Company") announced today that Jerry Johnson has been promoted to President of its Farm, Ranch, and Agriculture ("FRAG") division. Paul Valas, who has been President of the FRAG division since 2011, will transition to a new position as Senior Advisor, providing Blount with insight and assistance on strategic planning, customer relationships, and international expansion.
Wall Street Journal – 5/9/2013

AGCO Announces Three-Year, $42 Million Expansion of Minnesota Facility
AGCO has begun further expansion of its Jackson, Minn., manufacturing center. During the next three years, AGCO will invest an estimated $42 million in infrastructure, increasing production capacity and efficiency in order to help meet growing demand for the tractors and application equipment built there.
Reuters – 5/8/2013

Kinze Opens Its First Production Plant Abroad
Kinze Manufacturing, Inc. is opening its first production plant abroad in Lithuania. The facility will manufacture Kinze row crop planters, contributing to its growing market in neighboring countries including Russia, Ukraine, Czech Republic, Bulgaria and Hungary. Kinze will hire welders, mechanics, CNC operators and other specialists to work in the new plant. Assembly in this new facility is scheduled to begin this fall.
AgriMarketing – 5/7/2013