Finnish President Recognizes AGCO as International Long-Term Investor
24 Novembro 2023 - 7:30AM
Business Wire
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology, has received the annual Internationalization Award of
the President of the Republic of Finland in the category of
Long-Term International Investor. The Award is bestowed annually in
recognition of internationally successful companies or
communities.
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Finnish President Recognizes AGCO as
International Long-Term Investor (Photo: Business Wire)
“AGCO’s growth in Finland has been a success story, and we are
honored to be recognized with this distinguished award,” said Eric
Hansotia, Chairman, President and Chief Executive Officer of AGCO.
“We value our teams and the farmer-focused work they do in Finland.
Our continued investments in our people, plants and products in
this country are felt by farmers in every corner of the globe as
they sustainably help feed the world.”
AGCO employs more than 2,200 people in Finland. Since acquiring
Valtra and Sisu Diesel engine operations in 2004 from the Kone
Corporation, AGCO has continuously invested in research and
development, facilities and people at the company’s main sites in
Linnavuori in Western Finland, Suolahti in Central Finland together
with the AGCO Suomi local Finnish direct sales organization. In the
last five years alone, capital investments in AGCO’s Finnish sites
have totaled approximately 170 million euros.
AGCO Power develops and manufactures engines, transmission
components and generators that are exported to more than 30
countries across Europe, North America, South America and Asia.
Over the past 20 years, AGCO investments have primarily focused on
product development and manufacturing upgrades. The recently
launched CORE engine family, which can also run on alternative
fuels such as biogas and hydrogen, was awarded “Engine of the Year”
in 2023 by Diesel Progress and significantly helps farmers reduce
their carbon footprint.
“Significant investments have been made in AGCO Power’s
manufacturing facilities, placing emphasis on flexibility, a high
level of automation, environmental efficiencies and staff
wellbeing,” said AGCO Power Managing Director Juha Tervala. “Recent
investments include a highly automated logistics center, a new
flexible assembly line, testing cells, painting line and shipping
area. We believe these changes will ensure growth for AGCO Power
over years to come.”
Valtra tractors are manufactured at the brand’s home in
Suolahti, Central Finland, one of the most sustainable tractor
manufacturing sites in the world. Since becoming part of AGCO,
Valtra’s European scale has evolved from market leader in
Scandinavia to being one of the major and most respected tractor
brands in Europe, consistently increasing market share and
improving profitability. As part of AGCO, Valtra has cemented its
brand positioning by offering easy-to-use and customized solutions
for farmers and customers in non-agricultural segments such as
municipal road maintenance, forestry, aviation and defense.
“Substantial investments in new products and our Suolahti
production facilities have laid the foundation for the growing
global demand for Valtra products,” said Managing Director of
Valtra Jari Rautjärvi. “Our new and smart Q and S Series are
exported as far as Brazil and Australia, and with Valtra Unlimited,
we can tailor solutions exactly to our customers’ needs.”
Valtra recently announced the relocation of its flagship tractor
production back to Finland from France, enabled by significant
investments into a new paint shop, a transmission plant expansion,
a 10,000 sqm logistics center and a new all-weather engineering
validation center. Valtra exports tractors from Finland to more
than 65 countries worldwide.
The Long-Term International Investor Award was presented to AGCO
Power and Valtra by President of Finland Sauli Niinist� in a
ceremony on November 24, 2023. The award recipients were selected
by the president based on suggestions from Finnish business
organizations such as the Team Finland network, regional Centers
for Economic Development, Transport and the Environment, Finnvera
and the Ministry of Foreign Affairs.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agricultural machinery and precision ag
technology. AGCO delivers customer value through its differentiated
brand portfolio including core brands like Fendt®, GSI®, Massey
Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart
farming solutions, AGCO’s full line of equipment and services helps
farmers sustainably feed our world. Founded in 1990 and
headquartered in Duluth, Georgia, USA, AGCO had net sales of
approximately $12.7 billion in 2022. For more information, visit
www.AGCOcorp.com. For company news, information, and events, please
follow us on X: @AGCOCorp. For financial news on X, please follow
the hashtag #AGCOIR.
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version on businesswire.com: https://www.businesswire.com/news/home/20231124667588/en/
Aryn Drawdy Corporate Communications Director
Aryn.Drawdy@AGCOcorp.com
AGCO (NYSE:AGCO)
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