Auto Trader Ltd
Farminguk
03 May 2016 | Online since 2003
Auto Trader Ltd


16 July 2014 17:53:50|Machinery and Equipment

Argo Tractors to build Landini tractors in Brazil


The Landini Landforce is a new open platform model available in certain export markets.

Landini tractors will be produced in Brazil at a new factory being built by the Argo Group of Italy to supply the local market.
The new facility will be located in Belo Horizonte, the capital city of the Brazilian state of Minas Gerais, and involves an initial investment equivalent to US$13 million (£7.6 million).
“The State of Minas Gerais is situated in an ideal geographical area for the production of agricultural equipment thanks to the comprehensive network of parts manufacturers and qualified manpower located in the area,” explains Tiago Bonomo, CEO of Argo Tractors Latin America.

is powered by a 4.5-litre four-cylinder FPT engine to Tier 3A emissions standards with outputs of 112hp and 120hp, coupled to a 12x12 or 16x16 speed transmission.

The factory will start manufacturing Landini tractors from 100hp to 180hp before adding models from 60hp. The aim is to cover the entire Brazilian market by offering tractors of high level technological quality and creating a widespread dealer network.
As a result of on-going investment in product research and development at Argo Tractors, the Landini range will offer flexible solutions to farming customers in Brazil, says Tiago Bonomo.
In Europe, Argo Tractors builds Landini, McCormick and Valpadana tractors in factories at Fabbrico, San Martino in Rio and Luzzara in northern Italy. New production processes are helping to reduce waste, improve productivity and further increase the efficiency of these production assets.
Argo Group revenues amounted to €480 million (£383 million) in 2013, an increase compared to the 2012 figure of €472.9 milion (£375 million) despite the economic and financial difficulties faced in a number of its target markets.
The sales volumes achieved meant Argo substantially maintained its portion of the global market, recording good sales performance in Africa, Latin America, Asia and North America, with exports from Italy accounting for 84.5% of sales revenues, up from 83% in 2012.
EBITDA reached €47.6 million (£38 million), up from €43.8 (£35 million) in 2012, and earnings before taxes were €21.6 million (£17 million), up from €17.3 million (£13.8 million) as a result of improved operational management of the Argo Tractors business.
Argo Tractors is currently in the midst of its most ambitious new product development and launch programme, with new ranges spanning 60-220hp being rolled out this year and further models with continuously variable transmissions and power outputs up to 300hp also in the pipeline.
In Britain, Landini tractors are distributed by sales and service affiliate AgriArgo UK based at Harworth near Doncaster, South Yorkshire.

Download





0 Comment


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment

World News

USA | 3 May 2016
US cattle futures recover from 4-month lows

U.S. cattle futures rebounded from four-month lows Monday, lifted by hopes that a steep drop in beef prices will spark fresh demand for discounted steaks and burgers. June live-cattle futures rose ...


Canada | 3 May 2016
Ottawa to talk compensation with dairy farmers for Canada-EU trade deal

The federal government will meet Canadian dairy farmers within 30 days to discuss a compensation package designed to ease any pain caused by Canada signing the Canada-European Union trade deal. "An...


USA | 3 May 2016
Where's the beef? You won't be able to find out if agricultural groups their way

Beef, egg, and milk producers behind campaigns like “Got Milk” want to be exempt from FOIA requests. A number of prominent agricultural commodity groups have successfully pushed for language to be ...


Ireland | 3 May 2016
Department under fire on €20m cattle tagging contract

Serious questions have been raised over the tender process for the €20m national cattle tag contract. The three year contract is up for grabs again this year, but suppliers believe that the proces...


Australia | 3 May 2016
Chinese group drops $281m bid for Australian cattle firm

A Chinese-led group dropped its A$371 million ($281 million) offer for Australia’s most iconic cattle ranch after opposition from the government weeks before a general election. The suitors led by ...



Trending Now

Viewed
Discussed

Farms and Land for sale


Holiday Rentals search



Top stories you may have missed
Username
Password