The company issues statement saying no deal or discussions are in progress. The statement also says the company has achieved a 10% sales growth over 2014.
Millat to export Pakistan-made Massey Fergusons tractors in the 50-85 horsepower range to AGCO customers in Africa, Middle East, China and Afghanistan.
The expanded new facility will benefit AGCO's West Coast dealer network. The parts distribution center will provide improved shipping times to western regional customers and dealers, including improvements for those who will receive expedited, next day delivery.
AGCO reported net sales of approximately $2.1 billion for the second quarter of 2015, a decrease of approximately 24.8% compared to net sales of approximately $2.8 billion for the second quarter of 2014.
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