Massey Ferguson, a worldwide brand of AGCO, announced a fresh new look for its iconic MF Triple Triangle logo and its new “Born to Farm” brand identity to celebrate its 175 year anniversary in 2022.
AGCO reported net sales of approximately $2.7 billion for the fourth quarter of 2020, an increase of approximately 8.1% compared to the fourth quarter of 2019.
AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the third quarter ended Sept. 30, 2020. Net sales for the third quarter were approximately $2.5 billion, an increase of approximately 18.4% compared to the third quarter of 2019.
AGCO, along with its AGCO Agriculture Foundation, have donated more than $100,000 for COVID-19 aid, personal protective equipment, medical supplies to non-profit organizations in Europe and the Middle East.
AGCO announced today its intention to acquire certain assets of Boyd Company of Louisville, Ky.Upon completion of the agreement, AGCO will form AgRevolution, an agricultural equipment dealership to provide industry-leading products and support services
In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities.
AGCO reports net sales of approximately $2.5 billion for the fourth quarter of 2019, a decrease of approximately 3% compared to the fourth quarter of 2018.
Overall, net sales for the first 6 months of 2019 were approximately $4.4 billion, a decrease of approximately 2.8% compared to the same period in 2018.
Martin Richenhagen, Chairman, President and Chief Executive Officer of AGCO Corporation, has been named a Chevalier (Knight) of the Légion d'Honneur (Legion of Honor) by the government of France during a recent ceremony in Duluth, Georgia, USA.
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