fbpx
Print this page
Wednesday, 13 April 2016 09:55

Kubota raises its game

Written by  Mark Daniel
Kubota’s global sales are on the rise. Kubota’s global sales are on the rise.

Over the last few years Kubota has indicated it intends to become a major global player, and its 2015 results seem to confirm things are under way.

With a change to its fiscal year to end in December 2015, the final nine months showed sales of $US11.024 billion -- an increase of 9% over the same period in 2014. Export revenues rose significantly in North America from sales of compact tractors, and in Europe sales of tractors, construction gear and engines increased, though farm implements "stagnated", the company said.

Mechanisation increased in Asian countries, e.g. tractors and combines in Vietnam and China saw increased combine sales as the government reinstated subsidies; but sales in Thailand dropped because of a prolonged drought.

For the year 2016 the company is forecasting a rise in revenues of around 3.6%, driven by expansion in North America, Europe and Asia. 

More like this

Featured

Federated Farmers Welcomes Pause on Waikato PC1 Rules

The Government has announced it will pause key parts of Waikato Plan Change 1 (PC1) in a decision that is set to give Waikato farmers a reprieve from new consenting and farm-planning requirements while the wider resource management system is overhauled.

National

Machinery & Products

Suzuki Launches Jimny Horizon

Suzuki New Zealand has announced the arrival of the latest version of its Jimny SUV, the Horizon special edition, a…