State-of-the-art agriculture equipment and technology learning center will serve as cornerstone of dealer and employee education efforts
HESSTON, Kan., June 9, 2011 — AGCO, Your Agriculture Company, (http://www.AGCOcorp.com) (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, will be equipping its Hesston, Kan., manufacturing facility with the latest finishing and paint technologies in a plant revitalization project slated for completion in 2013. The project, which involves an investment of more than $40 million dollars, will position the Hesston location to be a key contributor to the company's long-term strategic goal to be a leader in hay and harvesting equipment for the global market.
"This investment in technology will help us enhance the productivity and efficiency of the facility, provide our customers with the highest quality haying and harvesting equipment products possible and reduce the environmental impact of our painting and finishing processes while providing a better work environment for employees," explains Bob Crain, senior vice president and general manager for AGCO North America. "And in an era of outsourcing, it also is an investment that helps us keep jobs in the Heartland of America with highly productive employees who have a deep agricultural heritage and strong work ethic."
Agricultural equipment has been manufactured in Hesston, Kan., since 1947 and the existing paint system has been in use there since the early 70s. Today, with nearly 1,200 employees, AGCO is the largest employer in Harvey County and much of the surrounding area. It is the company's North American manufacturing headquarters for Gleaner®, (http://www.gleanercombines.com) Massey Ferguson® (http://www.masseyferguson.us/products/combines-hay-equipment) and Challenger® (http://www.challenger-ag.us/products/combines-and-hay-equipment) combines and Hesston® by Massey Ferguson as well as Challenger haying equipment.
Investment in the state-of-the-art technologies for material delivery and finishing will result in a consistent, uniform, durable and thorough product finish which will help reduce corrosion to improve longevity of the final machines. The flexible system will be employed across the full offering of large square and round balers, small square balers, combines, grain headers, pull-type and self-propelled mower conditioners, windrower tractors and planters manufactured there.
"The top quality and experienced employee team in Hesston was a key reason AGCO committed to this large investment in our facility," says Bill Kaltenberg, vice president of operations at the Hesston facility. "They are extremely proud, professional and committed to building equipment with exceptional quality. It is these types of workers who ensure our customers receive products that meet or exceed their expectations. We have a team here who regularly pull off some pretty amazing things, and AGCO is proud to support them by bringing the latest technology here for them to use."
Additional aspects of the project include reconfiguring the two buildings currently housing paint systems for their separate use in welding and in assembling equipment.
For more information about AGCO and its full line of agricultural equipment, visit http://www.AGCOcorp.com or see your local Challenger or Massey Ferguson dealer.
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Massey Ferguson®, Gleaner®, and Hesston® are worldwide brands of AGCO. Challenger® is a registered trademark of Caterpillar Inc. and is used under license by AGCO.
AGCO, Your Agriculture Company (NYSE:AGCO), was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage equipment, tillage implements and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through 2,600 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. AGCO is headquartered in Duluth, Ga., USA. In 2010, AGCO had net sales of $6.9 billion.http://www.AGCOcorp.com
Safe Harbor Statement
Statements which are not historical facts, including expectations regarding the manufacture of equipment at the facility, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2010. AGCO disclaims any obligation to update any forward-looking statements except as required by law.