DULUTH, Ga.--(BUSINESS WIRE)--Sep. 24, 2012--
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and
distributor of agricultural equipment and infrastructure, has announced
a $20 million investment for its tractor manufacturing facility in
Beauvais, France. The new complex will house the tractor cab production
line and will also become home to a new Massey Ferguson International
Sales Training Centre.
AGCO "BEAUVAIS 2"- New Cab Assembly and MF Sales Training Centre (Photo: Business Wire)
“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.”
ABOUT AGCO
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
Safe Harbor Statement
Statements which are not historical facts, including expectations
regarding the efficiency and cost of production, are forward-looking and
subject to risks that could cause actual results to differ materially
from those suggested by the statements. These risks include possible
declines in demand for products as a result of weather, demand and other
conditions that impact farm income, actions by producers of competitive
products, and the general risks attendant to acquisitions. Further
information concerning these and other factors is included in AGCO’s
filings with the Securities and Exchange Commission, including its Form
10-K for the year ended December 31, 2011. AGCO disclaims any obligation
to update any forward-looking statements except as required by law.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50417345&lang=en
Source: AGCO
AGCO
Press contact:
Paul Lay
Manager,
Public Relations & Communications EAME
Tel: +44 (0)2476 851209
paul.lay@AGCOcorp.com
or
Investor
contact:
Greg Petersen
Director of Investor Relations
770-232-8229
greg.peterson@AGCOcorp.com
