AGCO Takes Aim At China’s Combine Market

AGCO announced it has agreed to acquire an 80% equity interest in Shandong Dafeng Machinery Co., Ltd. (Dafeng Machinery) in China. Dafeng Machinery was established in 1995 and currently produces a complete range of corn, grain, rice and soybean harvesting machines for domestic markets.

During the past 10 years, China’s combine market has experienced growth due to large advances in agriculture mechanization and government support. AGCO is aiming to become a future market leader in the Chinese combine sector by introducing high horsepower products and advanced technology into the current product offering of Dafeng Machinery, with a clear focus on meeting new customer demands, the company said. ◆