AGCO

AGCO Corporation is an American agricultural equipment manufacturer headquartered in Duluth, Georgia, United States.

AGCO Corporation
Formerly
Gleaner-Allis Corporation, Allis-Gleaner Corporation
Public
Traded asNYSEAGCO
S&P 400 Component
IndustryManufacturer
PredecessorAllis-Chalmers 1909–1985, Deutz-Allis 1985–1990
Founded1990
HeadquartersDuluth, Georgia
United States
Area served
Worldwide
Key people
ProductsAgricultural equipment
Tractors
Combines
Self-propelled sprayers
Hay tools
Forage equipment
Seeding & Tillage equipment
Diesel engines
List of brands
ServicesParts, Service, Finance
RevenueDecrease US$ 7.41 billion (2016)[1]
Decrease US$ 288.4 million (2016)[1]
Decrease US$ 160.2 million (2016)[1]
Total assetsIncrease US$ 7.17 billion (2016)[1]
Total equityDecrease US$ 2.84 billion (2016)[1]
Number of employees
20,462 [2] (2017)
Websitewww.agcocorp.com

History

Hesston 5670 round baler
Hesston 5670 round baler, in 2010

AGCO was established in 1990 when executives at Deutz-Allis bought out Deutz-Allis North American operations from the parent corporation KHD (Klöckner-Humboldt-Deutz), a German company that owned the Deutz-Fahr brand of agriculture equipment. KHD had purchased portions of the Allis-Chalmers agricultural equipment business five years earlier.[3]

The company was first called Gleaner-Allis Corporation, then rearranged to be Allis-Gleaner Corporation, or AGCO. The Deutz-Allis line of tractors were renamed AGCO-Allis, and Gleaner became a brand of its own for combines. The Deutz-Allis brand continued in South America until 2001, when they were renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in North America.

In March 1991, AGCO purchased the Hesston Corporation[4][5] gaining hay and forage equipment as well as technologies such as the grain auger (used to unload grain quickly from combines), invented in 1947 by Lyle Yost.[6] Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO purchased the White Tractor line from the Allied Corporation's White-New Idea company.[7] In 1993, AGCO purchased the remainder of White-New Idea,[8] gaining New Idea hay equipment and manure spreaders, and White planters. White New Idea had a large manufacturing plant operating in Coldwater, Ohio, USA.

Massey Ferguson 6490
Massey Ferguson 6490 tractor, in 2008

Also in 1993, AGCO purchased the North American distribution rights to Massey Ferguson, a worldwide agricultural equipment company. In 1994, they purchased McConnell Tractors,[4] manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.

1995 saw the purchase of the AgEquipment Group,[7] which manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands. In 1996, acquisitions went international with the purchase of Iochpe-Maxion in Brazil.[4] This was the Brazilian company that had rights to the Massey Ferguson brand and manufacturing in the region, as well as the Maxion brand of industrial equipment. This was also the year that AGCO purchased Deutz Argentina, the number one leader of tractors in Argentina.[8] Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada.[9] Western Combine had previously purchased the assets of the Massey Combine Corporation's combine operation, which had been spun off by Massey-Ferguson.

Traktor Fendt 930 Vario
Fendt 930 Vario tractor, in 2009

1997 was the year of the major purchase of Fendt in Germany, the leading German tractor company.[10] Fendt is well known for its advanced technology. AGCO also acquired Dronningborg Industries in Denmark, the manufacturer of European Massey-Ferguson combines, and former manufacturer of Dronningborg combines.[11]

In 1998, AGCO made a joint venture with Deutz AG to produce engines in Argentina,[12] and purchased the Spra-Coupe and Willmar companies.[13] Spra-Coupe and Willmar are leading sprayer companies in North America. SpraCoupe originated in Bismarck, ND. Upon purchase by AGCO, the manufacturing of SpraCoupes was moved to Willmar, Minnesota where the Willmar branded fertilizer tenders and "Wrangler" articulated loaders were being manufactured. SpraCoupe and Willmar products were manufactured in Willmar from 1998 to 2001.

For the year 2000, AGCO bought out its partner CNH Global N.V. in the Hay and Forage Industries joint venture.[14]

In 2001, AGCO purchased Ag-Chem Equipment, expanding its application equipment business.[15] Ag-Chem Equipment was based in Jackson, Minnesota and developed the TerraGator flotation-type and RoGator rowcrop-type applicators. Also that year, the SpraCoupe and Willmar brands moved their manufacturing from Willmar, MN to the Jackson, Minnesota facility and the Agco-Allis and White tractor lines were merged in North America under the AGCO brand, continuing in the orange color.

2002 was the year that AGCO purchased rights to the Challenger name and the tracked tractors from the Caterpillar Corporation,[16] giving AGCO a well-known brand name and high-power tracked tractors. AGCO further developed the Challenger line into: wheeled tractors, using tractors manufactured by Iseki, Agritalia, the Massey Ferguson factory and the Brazilian Valtra factory; combines, rebranding some Massey Ferguson/Gleaner -built combines; and hay equipment, using Hesston-built hay equipment. AGCO also purchased the Sunflower Manufacturing Company in Beloit, Kansas, which manufactures tillage, seeding and specialty harvesting equipment.[17]

2004 brought about the purchase of the Valtra tractor company from the Kone Group, in Finland. Valtra has some licensing agreements with the Eicher company in India for tractor production, and also with the HEMA group in Turkey. The purchase of Valtra also included SISU POWER engines.[18][19]

Trattore Valtra
Valtra T170 tractor, in 2008

2006 saw a re-focusing of the various brands, and the reduction of individual brands. AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding. Examples include the Massey Ferguson 9635 Hesston self-propelled swather, and the AGCO 9365 Hesston self-propelled swather. Challenger has seen further expansion with the further consolidation of the AgChem brand into Challenger, and the introduction of Agritalia built tractors and an articulated Challenger tractor.

In 2007, AGCO bought 50% of Laverda S.p.A from ARGO SpA, which included the Gallagnani and Fella-Werke hay equipment brands.[20][21]

In 2008/2009 AGCO, the Challenger, Valtra, and Massey Ferguson large row crop tractors were launched in Europe and North America respectively with AGCO's e3 Selective Catalytic Reduction (SCR) emission reduction technology.[22]

Late in 2009, AGCO announced that it would phase out the orange AGCO Tractors by 2011.[23]

In late 2010, AGCO announced the plan to acquire the remaining 50% of Laverda, which included Fella-Werke as well. The acquisition was finalized in March 2011.[24][25][26]

In 2011, AGCO plans to transfer its high-horsepower wheeled-tractor assembly of tractors sold in North America from Beauvais, France to Jackson, Minnesota, where it will expand the plant by 75,000 square feet (7,000 m2).[27]

In 2011, AGCO said that it will invest $40 million in its Hesston plant by building a new 200,000-square-foot (19,000 m2) painting and finishing building. Construction began June 2011 and was completed in 2013.[28][29][30]

In October 2011, AGCO purchased GSI. It was based in Assumption, Illinois and manufactures grain storage and handling equipment as the GSI Group.[3]

In 2012. AGCO acquired 60% of Santal Equipamentos, a sugar cane planting and harvesting equipment. AGCO purchased 80% of Shandong Dafeng Machinery Co, a combine harvester manufacturer in China. AGCO formed the Algerian Tractors Company joint venture with the Algerian brand Etrag with 49% ownership.

In 2013, AGCO’s GSI acquired Johnson System, a manufacturer of catwalks and towers.

In 2017, AGCO acquired Precision Planting, LLC, a planting equipment and technology business.[31]

In 2017, AGCO acquired the forage machinery of Lely, including balers, loading wagons, mowers, tedders and rakes. This included factories in Wolfenbuettel (D) and Waldstetten (D). The factory in Maassluis (NL) will be closed in 2018.

Other Brands

  • Sunflower Manufacturing is the tillage and seeding division of the AGCO Corporation, and manufactures all equipment used for tillage of land, including discs, cultivators and finishing tillage equipment, as well as seeding equipment for grains.[32]

Current Brands (2017)

See also

References

  1. ^ a b c d e "US SEC: Form 10-K AGCO Corporation". United States Securities and Exchange Commission. Retrieved January 18, 2018.
  2. ^ "AGCO". Fortune. Retrieved 2018-12-14.
  3. ^ a b "History of AGCO". History of AGCO.
  4. ^ a b c "AGCO, Form S-4/A, Registration of Securities, Filing Date Jul 15, 1996". secdatabase.com. Retrieved Jan 1, 2013.
  5. ^ "Lyle Yost, founder of Hesston Corp., passes away at age 99". Progressive Forage. May 4, 2012. Retrieved September 16, 2012.
  6. ^ Voorhis, Dan (April 6, 2012Z). "Lyle Yost, founder of Hesston Industries, dies at age 99". Wichita Eagle. Retrieved September 12, 2012.
  7. ^ a b "AGCO, Form 424B3, Prospectus, Filing Date Jul 17, 1996". secdatabase.com. Retrieved Jan 1, 2013.
  8. ^ a b "AGCO, Form S-3, Registration Statement, Filing Date Jan 22, 1997". secdatabase.com. Retrieved Jan 1, 2013.
  9. ^ "Agco, Form 8-K, Current Report, Filing Date Feb 28, 1997". secdatabase.com. Retrieved Jan 1, 2013.
  10. ^ "Agco, Form S-3/A, Filing Date Feb 7, 1997". secdatabase.com. Retrieved Jan 1, 2013.
  11. ^ "Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1998". secdatabase.com. Retrieved Jan 1, 2013.
  12. ^ Dl, Esteban (19 January 2014). "Pesados Argentinos: AGCO". pesadosargentinos.blogspot.com.ar.
  13. ^ "Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1999". secdatabase.com. Retrieved Jan 1, 2013.
  14. ^ "Agco, Form 10-K, Annual Report, Filing Date Mar 28, 2000". secdatabase.com. Retrieved Jan 1, 2013.
  15. ^ "Agco, Form 10-K405, Filing Date Apr 2, 2001". secdatabase.com. Retrieved Jan 1, 2013.
  16. ^ "Agco, Form 10-K405, Filing Date Mar 29, 2002". secdatabase.com. Retrieved Jan 1, 2013.
  17. ^ "Agco, Form 10-Q, Quarterly Report, Filing Date Nov 14, 2002". secdatabase.com. Retrieved Jan 1, 2013.
  18. ^ "Agco, Form 8-K, Current Report, Filing Date Dec 16, 2003". secdatabase.com. Retrieved Jan 1, 2013.
  19. ^ "Agco, Form 8-K, Current Report, Filing Date Jan 8, 2004". secdatabase.com. Retrieved Jan 1, 2013.
  20. ^ "Agco, Form 8-K, Current Report, Filing Date Oct 30, 2007" (PDF). secdatabase.com. Retrieved Jan 1, 2013.
  21. ^ "AGCO – Italian deal". farmindustrynews.com. Archived from the original on 2010-07-27. Retrieved 2009-12-03.
  22. ^ "AGCO Power". AGCO Power.
  23. ^ "AGCO Tractor color phase out". agriculture.com. Archived from the original on 2010-05-25. Retrieved 2018-09-28.
  24. ^ "Agco, Form 8-K, Current Report, Filing Date Nov 3, 2010" (PDF). secdatabase.com. Retrieved Jan 1, 2013.
  25. ^ "Agco, Form 10-Q, Quarterly Report, Filing Date May 6, 2011" (PDF). secdatabase.com. Retrieved Jan 1, 2013.
  26. ^ AGCO – Laverda Archived 2012-03-21 at the Wayback Machine
  27. ^ "Agco plans investment in U.S. plants, including Hesston". kansas.com.
  28. ^ "Agco to expand plant in Hesston". kansas.com.
  29. ^ "AGCO - Investor Relations - News". investors.agcocorp.com.
  30. ^ Kansan, Chad Frey Newton. "Investment". thekansan.com.
  31. ^ "Precision Planting sold to Agco". farmindustrynews.com. 26 July 2017.
  32. ^ http://www.visualnotion.com, Elevate Visual Communication - http://www.elevatevc.com & Visual Notion -. "Sunflower | About Us » Sunflower History". www.sunflowermfg.com. Retrieved 2016-12-01.

Further reading

  • Factory on the Plains: Lyle Yost and the Hesston Corporation; Billy Mac Jones; Wichita State University; 1987; ASIN B0006EQOU0.

External links

2012 Copa Agco Cordoba

The 2012 Copa Agco Cordoba was a professional tennis tournament played on clay courts. It was the first edition of the tournament which was part of the 2012 ATP Challenger Tour. It took place in Villa Allende, Argentina between 15 and 21 October 2012.

2012 Copa Agco Cordoba – Singles

Guillaume Rufin won the title, defeating Javier Martí 6–2, 6–3 in the final.

AGCO (disambiguation)

AGCO may refer to:

Alcohol and Gaming Commission of Ontario

AGCO Corporation, an agricultural equipment manufacturer

Auerbach Grayson, a stockbroker

Alcohol and Gaming Commission of Ontario

The Alcohol and Gaming Commission of Ontario (AGCO) is a provincial Crown agency that reports to the Ministry of the Attorney General.

The AGCO is responsible for regulating the alcohol, gaming and horse racing sectors in accordance with the principles of honesty and integrity, and in the public interest.

Responsibilities of the AGCO include the administration of the:

Liquor Licence Act

Gaming Control Act, 1992

Horse Racing Licence Act, 2015The AGCO also administers sections of the:

Wine Content and Labelling Act, 2000

Liquor Control Act [sections 3(1)(b), (e), (f), (g) and 3(2)(a)]

Charity Lottery Licensing Order-in-Council 1413/08

Algerian Tractors Company

Algerian Tractors Company ATC Spa, is a joint venture company specialized in the development of agricultural machinery. It was created on August 16, 2012 after an agreement between the Algerian brand Etrag and the American Group AGCO based in El Khroub, close to Constantine.

Allis-Chalmers

Allis-Chalmers was a U.S. manufacturer of machinery for various industries. Its business lines included agricultural equipment, construction equipment, power generation and power transmission equipment, and machinery for use in industrial settings such as factories, flour mills, sawmills, textile mills, steel mills, refineries, mines, and ore mills. The first Allis-Chalmers Company was formed in 1901 as an amalgamation of the Edward P. Allis Company (steam engines and mill equipment), Fraser & Chalmers (mining and ore milling equipment), the Gates Iron Works (rock and cement milling equipment), and the industrial business line of the Dickson Manufacturing Company (engines and compressors). It was reorganized in 1912 as the Allis-Chalmers Manufacturing Company. During the next 70 years its industrial machinery filled countless mills, mines, and factories around the world, and its brand gained fame among consumers mostly from its farm equipment business's orange tractors and silver combine harvesters. In the 1980s and 1990s a series of divestitures transformed the firm and eventually dissolved it. Its successors today are Allis-Chalmers Energy and AGCO.

Challenger Tractor

The Challenger Tractor was the world's first rubber tracked agriculture tractor, created by Caterpillar Inc. in 1986. The original model was a Challenger 65 featuring the Mobile-Trac System (MTS) consisting of rubber tracks and a suspension system. The MTS combined the flotation and traction of steel tracks with the versatility of rubber tires. The use of tracks gave the machines increased tractive performance compared to traditional four wheel drive tractors equipped with tires. The Challenger 65 began as a 270 gross HP machine used primarily for heavy tillage.

In 1995 Caterpillar introduced the first "row crop" tracked machines with the Challenger 35, 45 and 55. These machines ranged in power from 130 KW PTO to 168 KW and were designed to be used for a variety of tasks the larger machines could not. The Challenger tracked tractor was produced by Caterpillar at their Dekalb, Illinois location until the Challenger name and all of its associated agricultural assets were sold to AGCO.Since 2002, when the brand was purchased by AGCO, Challenger tractors have been manufactured at the company's Jackson, Minnesota facility. At the time AGCO purchased the Challenger brand most Challenger dealers were also Caterpillar construction equipment dealers. Although AGCO has shifted focus of the Challenger tractor to the agricultural market, the construction market is still an important sector for the tractors as AGCO still manufactures specially configured machines for use with pull-type earth moving equipment.The Caterpillar Challenger MT875B was the most powerful production tractor available during its span with 430 KW gross engine power. In 2007, the MT875B broke the world record for most land tilled in 24 hours with a custom-made, 14 m disc harrow fabricated by Grégoire Besson. It tilled 644 ha. The tractor consumed 4.42 liters/ha diesel fuel.The current production of Challenger tractors has expanded to include both tracked and wheeled type tractors. Both types are available in either row-crop or flotation type configurations depending upon the preference of the customer. Since their purchase in 2002, the Challenger brand has used a Caterpillar diesel engine in the majority of their models. However, with the introduction of the D series of each tractor model, AGCO began implementing the use of AGCO POWER branded engines that are Tier 4i/Stage 3B emission compliant by using e3, a Selective Catalytic Reduction system which injects urea in engine's exhaust gas stream to reduce nitrogen oxides and particulate matter emitted to the atmosphere.

Copa Agco Cordoba

The Copa Agco Cordoba is a tennis tournament held in Córdoba, Argentina since 2012. The event is part of the ATP Challenger Tour and is played on clay courts.

Deutz-Allis

Deutz-Allis was formed when Deutz-Fahr of Germany, part of KHD, purchased the agricultural assets of the Allis-Chalmers corporation in 1985.

Deutz-Allis was eventually sold to the Allis-Gleaner Corporation, or AGCO), in 1990. Deutz-Allis tractors and equipment were renamed in North America to be AGCO-Allis, but continued in South America until 2001, when the South American operations were renamed AGCO-Allis.

In Argentina, was made the Deutz-Allis 5.125 L and the Deutz-Allis 5.190 .

In North America, Deutz-Allis tractors carried both the traditional Deutz-green color, and Allis-orange color. In South America they were Deutz-green.

Fella-Werke

AGCO Feucht GmbH is a German manufacturer of agricultural equipment based in Feucht, Germany, located just southwest of Nuremberg in Bavaria. It was established in 1918 as a harrow manufacturing company, and its product line has expanded since.

Currently, AGCO Feucht has the industry's largest product range of mowers, tedders and rakes. The machines are a vibrant red color with safety tarps in a bright yellow color. The logo is also a vibrant red square with a white circle inside which states Fella in bold black letters. The Fella slogan is ‘Harvesting Energy’.

Fendt

Fendt is a German manufacturer of agricultural tractors and machines, manufacturing and marketing a full line of tractors, combine harvesters and balers. It is part of the AGCO Corporation. It was founded in 1930 by Xaver Fendt and purchased by AGCO in 1997.

Gleaner A85

The A85 is a Class 8 combine harvester made by Gleaner Manufacturing Company a division of AGCO. The A85 is the largest Gleaner made, boasting a 459 horsepower Caterpillar C13 engine. It has a 350 bushel bin capacity, which it can unload in less than 90 seconds; unloading 4.5 bushels per second. The A85 has a 4-speed hydrostatic rotor drive train. The engine is a 763 cubic inch inline 6-cylinder turbocharged diesel. Production of the A85 has been from 2006 to 2008.

Gleaner Manufacturing Company

The Gleaner Manufacturing Company is an American manufacturer of combine harvesters. Gleaner has been a popular brand of combine harvester particularly in the Midwestern United States for many decades, first as an independent firm, and later as a division of Allis-Chalmers. The Gleaner brand continues today under the ownership of AGCO.

Laverda (harvesters)

Laverda is a manufacturer of combine harvesters and hay equipment, based in Breganze, Italy. It was founded in 1873 by Pietro Laverda to produce farming implements in the Province of Vicenza. 1956 was the year the first self-propelled Laverda combine, the M 60, was manufactured. Laverda formed a partnership with Fiat in 1981, and would be a part of that company for some 20 years.

The Morra family's holding company, ARGO SpA, bought Laverda in 2000 as Fiat was merging its New Holland Agriculture group with Case IH to form CNH Global. In 2007, ARGO sold 50% of the Laverda business to AGCO, the remaining 50% of the joint venture was eventually sold in 2011 and the Breganze plant became AGCO's European center of excellence for harvesting.

Massey Ferguson

Massey Ferguson Limited is an American manufacturer of agricultural equipment, formed by the 1953 merger of farm machinery manufacturers Massey Harris of Canada and the Ferguson Company in Britain. It was based in Brantford, Ontario, until 1988. The company transferred its headquarters to Buffalo, New York, in 1997, before it was acquired by AGCO, the new owner of its former competitor Allis-Chalmers. Massey Ferguson is one of several brands produced by AGCO and remains a major seller around the world.

Simplicity Outdoor

Simplicity Manufacturing Company is an American company based in Port Washington, Wisconsin that builds lawn and garden equipment under various brands. The company was founded by William J. Niederkorn in 1922, and started building walk-behind two-wheeled tractors in 1939. Between 1941 and 1945, due to World War II, Simplicity Manufacturing temporarily halted production of lawn and garden products, and manufactured electric fence controllers and external surface grinders to satisfy the War Production Board. Simplicity built is first riding tractor in 1957 which was the model Wonderboy. Allis-Chalmers purchased the company in 1965, and Simplicity's management bought it back in 1983. Simplicity Manufacturing celebrated its 75th anniversary in 1997 with a special 75th anniversary tractor model. The tractor featured a special blue paint scheme with chrome Harley-Davidson lights and muffler.

Sometime after AGCO Corporation purchased Deutz-Allis from Deutz-Fahr and KHD, Simplicity took over building and selling the Deutz-Allis lawn equipment. The name was later changed to Agco-Allis, and then to AGCO to reflect the changes within the AGCO Corporation.

After AGCO purchased Massey Ferguson, Simplicity began building and selling the Massey Ferguson lawn equipment. Simplicity bought the Snapper company in 2002. Snapper had built Massey-Ferguson lawn tractors many years before.

Over the years, Simplicity has also built lawn and garden tractors for J.C. Penney, Montgomery Ward, Viking (part of Stihl), Homelite Corporation and Rapid. Hinomoto/Toyosha built some of the larger compact tractors sold as Simplicity, Deutz-Allis and Allis-Chalmers.

1989, purchased the Middlesworth company of Greentown, Indiana, a manufacturer of zero-turn mowers

2000 Simplicity announced that it had agreed to purchase Ferris Industries

2000 purchased Giant-Vac

2002, purchased the Snapper company

2004, was purchased by Briggs & Stratton

Straight-seven engine

A straight-seven engine or inline-seven engine is a straight engine with seven cylinders. Wärtsilä, with their RTA96-C, and MAN Diesel produce crosshead two-stroke diesel engines in this configuration. Wärtsilä also produces regular trunk engines in this configuration. It is more common in marine applications because marine engines are usually based on a modular design, with individual heads per cylinder.

Valtra

Valtra is a manufacturer of tractors and agricultural machinery and forms part of the AGCO Corporation. Valtra tractors are manufactured in Suolahti, Finland, and Mogi das Cruzes, Brazil. Valtra’s products in the Brazilian market also include combine harvesters, sugar cane harvesters, self-propelled sprayers and seed drills.

White Farm Equipment

White Farm Equipment is a brand of agricultural machinery, now discontinued except for planter, and owned by AGCO.

AGCO
Subsidiaries
Subsidiaries
Former subsidiaries
Former brands
Successors
Products
Related articles
American vehicle
manufacturers
(list)
Foreign vehicle
manufacturers
with US operations
Concept and pre-production
Active factories
Auto component makers and
performance car modders
Design studios
By state
Defunct and former (2)
vehicle manufacturers
Defunct factories
Related topics

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.