Industry News

Manufacturing

CNH and KAMAZ deliver first fleet of New Holland combine harvesters made in Russia
MOSCOW -- New Holland Agriculture distributor Zapsibhlebproduct delivered this week the first fleet of 20 New Holland Agriculture CSX7080 combine harvesters to leave the assembly line at the Naberezhnye Chelny plant, manufacturing base of the industrial joint venture between CNH Global NV and OJSC KAMAZ. The machines were purchased by two large farms in the Krasnoyarsk territory.

Monsanto Projects Solid Conclusion of Fiscal Year
As its fiscal year draws to a close, Monsanto Company confirmed the drivers of its fourth-quarter operating plan have tracked well with management expectations, positioning the company to conclude the fiscal year within its previous guidance ranges for ongoing earnings per share (EPS) and free cash flow.

Deere Sells Its Wind Energy Business To Exelon
Deere & Company (NYSE: DE) today announced that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corporation.

New Holland To Enter Sprayer Business
New Holland Agriculture and Miller-St. Nazianz Inc. have announced a new relationship where Miller will produce New Holland-branded self-propelled sprayers, Farm Equipment has learned.

Blount Buys Farm Equipment Maker SpeeCo
Industrial manufacturer Blount International Inc. (BLT) said it acquired a company that makes farm and ranch equipment for $90 million in cash, which it expected would boost profit next year.

Behlen Completes Purchase Of HawkLine
Behlen Mfg. Co., headquartered in Columbus, Neb., is pleased to announce the purchase of the farm and lawn implements (3-point equipment) business of HawkLine Nevada, LLC, an affiliate of Carry-On Trailer Corporation in Mt. Orab, Ohio. HawkLine is a leading manufacturer and distributor of high quality, rugged, and affordable 3-point equipment. The transaction closed on July 15, 2010.

China To Rapidly Ramp Up Its Farm Machinery Manufacturing
Believing that China is now at a critical transition stage in its development from traditional labor-intensive farm production to that which is more reliant on machinery, the country's State Council announced on July 9 that it will take measures aimed at the "sound and fast" development of its farm equipment industry.

John Deere reveals plans for Tier 4 tractor engines
In a recent special Webcast for media, John Deere gave a progress update on its Interim Tier 4 (IT4)-compliant engine solution and how this technology will be rolled out to dealers and producers in coming months. The regulations, which go into effect in 2011 for engines greater than 174 hp, call for the most drastic reduction in diesel engine emissions that EPA has ever called for.

Art's Way Acquires M&W Round Hay Baler Line
Art's Way Manufacturing, Inc., a leading manufacturer and distributor of niche agricultural machinery, equipment and services, announced the completed the acquisition of the M&W round hay baler product line from Alamo Group Inc.

Tax Breaks Saved Nearly 300 Deere Jobs
DES MOINES, Iowa (June 14, 2010) - The state of Iowa saved nearly 300 John Deere jobs in Waterloo last week when it granted state tax credits for a massive company reinvestment in its Waterloo Foundry, according to documents Deere filed with the Iowa Department of Economic Development.