A nother downer comming from AGCO

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   Manufacturing sites in Jiangsu and Heilongjiang
DULUTH, GA – November 25, 2009 – AGCO, Your Agriculture Company, (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today in Beijing that it will open two manufacturing sites in China. "China is one of the world’s largest farm equipment markets and offers tremendous growth opportunities for AGCO,” said Hubertus Mühlhäuser, Senior Vice President, Strategy & Integration and General Manager, Eastern Europe & Asia. “AGCO is committed to growing its domestic presence within China by opening two local manufacturing sites.”
The Chinese agricultural sector offers a large and growing market for low and mid horsepower tractors. Farm consolidation and government policies are driving the growth in high horsepower tractors and combines. The first site will be in Changzhou China (Jiangsu province) and is expected to open in the first half of 2010. AGCO intends to produce low and mid horsepower tractors, transmissions, engines and gensets for the Chinese agricultural market and for export purposes. 
The second site, which is expected to be operational in 2010, will be located in Heilongjiang, China’s largest agricultural area. This manufacturing site will focus on high horsepower tractors, combines and balers. 
“AGCO’s plans foresee future investments in our China operations approaching $100 million,” explained Mr. Mühlhäuser. “AGCO’s technology driven products will contribute to the modernization of the Chinese agricultural market, and the local presence will allow AGCO to better serve Chinese customers with high quality products and services.”
AGCO has recently been awarded a contract in a competitive bid for tractors by the Heilongjiang provincial government in China. This program is aimed at expanding agricultural technology and productivity in the local Chinese market. AGCO will deliver over 300 Valtra tractors to the province by the end of 2009. These units will help meet the needs of the Heilongjiang province for advanced agricultural technologies.
AGCO has been a market leader in China for imported tractors for 7 years. Over the past decade it has assembled a strong local after-sales service and spare parts capability serving the needs of local end users in various regions.

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ACD19farmboy Members Profile Send Private Message Find Members Posts Add to Buddy List Bronze Level Joined: 11 Sep 2009 Location: Missouri Points: 161	Post Options Post Reply Quote ACD19farmboy Report Post Thanks(0) Quote Reply Topic: A nother downer comming from AGCO Posted: 06 Dec 2009 at 5:21pm
	Manufacturing sites in Jiangsu and Heilongjiang DULUTH, GA – November 25, 2009 – AGCO, Your Agriculture Company, (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today in Beijing that it will open two manufacturing sites in China. "China is one of the world’s largest farm equipment markets and offers tremendous growth opportunities for AGCO,” said Hubertus Mühlhäuser, Senior Vice President, Strategy & Integration and General Manager, Eastern Europe & Asia. “AGCO is committed to growing its domestic presence within China by opening two local manufacturing sites.” The Chinese agricultural sector offers a large and growing market for low and mid horsepower tractors. Farm consolidation and government policies are driving the growth in high horsepower tractors and combines. The first site will be in Changzhou China (Jiangsu province) and is expected to open in the first half of 2010. AGCO intends to produce low and mid horsepower tractors, transmissions, engines and gensets for the Chinese agricultural market and for export purposes. The second site, which is expected to be operational in 2010, will be located in Heilongjiang, China’s largest agricultural area. This manufacturing site will focus on high horsepower tractors, combines and balers. “AGCO’s plans foresee future investments in our China operations approaching $100 million,” explained Mr. Mühlhäuser. “AGCO’s technology driven products will contribute to the modernization of the Chinese agricultural market, and the local presence will allow AGCO to better serve Chinese customers with high quality products and services.” AGCO has recently been awarded a contract in a competitive bid for tractors by the Heilongjiang provincial government in China. This program is aimed at expanding agricultural technology and productivity in the local Chinese market. AGCO will deliver over 300 Valtra tractors to the province by the end of 2009. These units will help meet the needs of the Heilongjiang province for advanced agricultural technologies. AGCO has been a market leader in China for imported tractors for 7 years. Over the past decade it has assembled a strong local after-sales service and spare parts capability serving the needs of local end users in various regions.

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ACD19farmboy Members Profile Send Private Message Find Members Posts Add to Buddy List Bronze Level Joined: 11 Sep 2009 Location: Missouri Points: 161	Post Options Post Reply Quote ACD19farmboy Report Post Thanks(0) Quote Reply Posted: 06 Dec 2009 at 5:28pm
	http://www.agcocorp.com/company/media_press_releases.aspx link

Spud Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 16 Sep 2009 Location: North Dakota Points: 601	Post Options Post Reply Quote Spud Report Post Thanks(0) Quote Reply Posted: 06 Dec 2009 at 9:29pm
	And your point is?! Why wouldn't they want to participate in a large market? I am surprised they didn't do it sooner. Deere and CNH are already over there.

Hudsonator Members Profile Send Private Message Find Members Posts Add to Buddy List Orange Level Joined: 21 Oct 2009 Location: Tennessee Points: 2113	Post Options Post Reply Quote Hudsonator Report Post Thanks(0) Quote Reply Posted: 06 Dec 2009 at 9:39pm
	China is about to experiance what the USA did after WWII. The agricultural revolution. The next 10 years will be the best of times for them, from then on it will be continued "government policy" that drives "consolidation". We're as consolidated as you can get, hence not much market volume. We've been our own worst enemy in that area. Not only China, but India as well. Its amazing to look at the agricultural technology being sold and produced there right now, its what we had in the 50's. Corn shellers, small pellet mills, and as we've seen in the "small combine" thread - small harvesters. I could write a whole lot more, but won't. No need to whine about the changes, we've made them possible ourselves. Mark
	There isn't much a WC can't do. WD's just do it better.

ACD19farmboy Members Profile Send Private Message Find Members Posts Add to Buddy List Bronze Level Joined: 11 Sep 2009 Location: Missouri Points: 161	Post Options Post Reply Quote ACD19farmboy Report Post Thanks(0) Quote Reply Posted: 08 Dec 2009 at 9:02pm
	and my moint is that a little of A-C is going to china not what i like to see (yes A-C died in 85)