간편하게 보는 뉴스는 유니콘뉴스
Finnish President Recognizes AGCO as International Long-Term Investor

· 등록일 Nov. 29, 2023 17:10

· 업데이트일 2023-11-30 16:37:31

LINNAVUORI & SUOLAHTI, FINLAND--(Business Wire / Korea Newswire)--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.

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 Niinistö 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231124667588/en/

Website: http://www.agcocorp.com View Korean version of this release Contact AGCO
Aryn Drawdy
Corporate Communications Director
[email protected]
This news is a press release from the provider.
Korea Newswire is committed to verifying the transparency of providers and eliminating content errors.
You can receive press releases from this company or in industries of interest via email and RSS for free. Subscribe> News provided byAGCO Corporation Distribution Channel Agriculture Farming Heavy Industries Machinary Awards Overseas
인기 기사01.10 15시 기준
서울--(뉴스와이어)--동아제약(대표이사 사장 백상환)이 신제품 ‘모닝케어 프레스온’을 출시했다고 13일 밝혔다. 동아제약, 숙취해소 신제품 ‘모닝케어 프레스온’ 출시 모닝케어 프레스온은 국내 최초 Press...
수원--(뉴스와이어)--삼성전자는 연결 기준으로 매출 71.92조원, 영업이익 6.61조원의 2024년 1분기 실적을 발표했다. 전사 매출은 플래그십 스마트폰 갤럭시 S24 판매 호조 및 메모리 시황 개선에 따른 판가 상승으로 전 분기 대비 6% 증가한 71.92조원을 기록했다. 영업이익의...
서울--(뉴스와이어)--오디오 소셜 플랫폼 스푼을 운영하는 스푼라디오가 2분 내외의 숏폼 드라마를 즐길 수 있는 글로벌 플랫폼 ‘비글루(Vigloo)’를 글로벌 동시 론칭했다고 1일 밝혔다. 스푼라디오가 2분 내외의 숏폼...
서울--(뉴스와이어)--롯데정밀화학은 29일 1분기 매출액 3994억원, 영업이익 108억원의 잠정실적을 발표했다. 전분기 대비 매출액은 2.9% 감소했으나, 영업이익은 케미칼사업부문의 반도체용 소재 등의 수익성 개선으로 27.1% 증가했다. 부문별로 살펴보면, 케미칼사업부문 매출액은 전분기 대비 7.7% 감소한 2800억원을 기록했다. 이는...
서울--(뉴스와이어)--현대오토에버는 자사의 스마트 홈 플랫폼이 최근 누적 적용 10만 세대를 달성했다고 밝혔다. 카투홈(Car-To-Home) 기능으로 차량에서 세대의 IoT를 제어하는 모습 ...
서울--(뉴스와이어)--국내 최초 국제보건의료 NGO인 글로벌케어(회장 박용준)는 오는 23일 베트남과 라오스 2개국 3개 지역(후에, 하노이, 사냐부리)에 7박 8일 일정으로 선천성 안면기형 수술팀을 각각 파견할 예정이라고 밝혔다. ...
API
fg
유니콘뉴스는 보도자료 배포 서비스입니다.
여기에 뉴스를 등록하면 언론이 보도하고 널리 배포됩니다.