AGCO Corporation - Company Profile
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Business Description
AGCO Corporation (AGCO) is an agricultural equipment manufacturing company, which provides products to assist farmers such as tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, and implements.
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R&D Overview
AGCO Corporation spends a considerable amount on engineering and applied research to improve the quality and performance of products, develop new products and comply with government safety and engine emissions regulations. It is focused on automation, robotics, electrification, and future alternate fuels offering major opportunities to profit from climate-related opportunities. The company also offers a variety of precision farming technologies that enable farmers to enhance productivity and profitability. The company aims on reducing nitrogen oxide emissions and enhancing the efficiency of internal combustion engine vehicles. It has invested in demonstration farms and agronomy research to test new technologies for agriculture. In FY2022, the company spent US$444.2 million on R&D activities which grew 9.46% and stood at 3.5% of its revenue.
Product Categories
- Combines, Application Equipment and Other Machinery
- Grain Storage and Protein Production Systems
- Replacement Parts
- Tractors
Overview
Offers combine with a variety of threshing technologies and crop-harvesting heads that are used in harvesting grain crops such as corn, wheat, soybeans and rice. Application Equipment offers self-propelled, three- and four-wheeled vehicles and related equipment used in the application of liquid and dry fertilizers and crop protection chemicals before planting and after planting the crop. Other Machinery offers loader wagons, round and rectangular balers, self-propelled windrowers, forage harvesters, spreaders, rakes, tedders, disc mowers and mower conditioners, which are used for the harvesting and packaging of vegetative feeds used in the dairy, cattle, horse and renewable fuel industries. Also offers planters and other equipment used to apply fertilizer and plant seeds in the field.
Performance
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Overview
It offers seed-processing systems; egg production systems and broiler production equipment; grain storage bins and related drying and handling equipment systems; and swine and poultry feed storage and delivery, ventilation and watering systems.
Performance
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Overview
Offers replacement parts for all the products of the company. Maintains inventory and distributes through a network of master and regional warehouses throughout North America, South America, Europe, Africa, China and Australia.
Performance
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Overview
Offers high power tractors, utility tractors, and compact tractors. High power tractors’ engine power ranges from 100 to 650 horsepower and they are used for row crop production in large farms. Utility tractors’ engine power ranges from 40 to 100 horsepower and they are used in small and medium-sized farms, including dairy, livestock, orchards and vineyards. Compact tractors have engine power of below 40 horsepower and they are used in small farms. Major brands include Challenger, Fendt, Massey Ferguson and Valtra.
Performance
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Geographical Segments
- Africa
- Asia
- Australia and New Zealand
- Brazil
- Canada
- Finland and Scandinavia
- France
- Germany
- Italy
- Mexico, Central America and the Caribbean
- Middle East and Algeria
- Other Europe
- Other South America, South America
- United Kingdom
- United States
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Capital Expenditure
Reported revenue of US$216.2 million for FY2022, which grew 17.2% YoY, and recorded a CAGR of 25.8% during 2020-22. Middle East and Algeria accounted for 1.7% of the company's revenue in FY2022.
Performance
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Performance
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Performance
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Performance
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