India's largest Farm equipment manufacturer, Mahindra & Mahindra (M&M) is planning to scale up its production capacity by over 60% in the next two years to satisfy the growing demand in the agricutural sector.
Projections from the Outdoor Power Equipment Institute (OPEI), an international trade association representing the $15 billion landscape, lawn and garden, forestry, and utility equipment manufacturing industry, show a drab 2009 will gradually bloom into a slightly brighter 2010.
Briggs & Strattons' fourth-quarter fiscal 2010 reported consolidated net sales of $615.6 million, an increase of $132.9 million or 27.5% from the fourth quarter of fiscal 2009.
Industrial manufacturer Blount International Inc. said it acquired a company that makes farm and ranch equipment for $90 million in cash, which it expected would boost profit next year.
Today's Presidential signing ceremony of the "Manufacturing Enhancement Act of 2010" is an important recognition of America's need to improve manufacturing jobs. While we applaud the bill, it is only one small step to leveling the playing field for equipment manufacturers that seek to export American-made products for the benefit of our nation’s economy.
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