AGCO and TAFE conclude commercial partnership with $260m share buyback
AGCO Corp has agreed with TAFE to resolve all outstanding disputes and matters related to their commercial relationship.
 AGCO’s new facility in Linnavuori, in Nokia, will include a new laboratory for testing combustion engines running on alternative fuels, alongside a range of electric solutions.
		  	
		  
		  		  
		  AGCO’s new facility in Linnavuori, in Nokia, will include a new laboratory for testing combustion engines running on alternative fuels, alongside a range of electric solutions.
		  
		  
		  
	  While Nokia is more likely recognised for mobile devices, a major investment of €70m (NZ$126m) by global farm machinery brand AGCO at its facility in Linnavuori, in Nokia, will see the plant establish a new laboratory for testing combustion engines running on alternative fuels, alongside a range of electric solutions, including hybrids, fuel cells and high-voltage battery technology.
Building on more than €100 million already spent at the plant over the past five years, and where around 1000 staff are employed, the new 11,000m² buildings will be completed through 2024/25.
They will include a training and visitor centre, a production hall for machining cylinder heads and manufacturing CVT components, alongside a new paint shop and testing capabilities for remanufactured engines.
The new production hall will also house a new machining line with a high degree of automation for manufacturing the cylinder heads of AGCO CORE engines.
The €70 million investment will also allow the facility to expand the manufacturing of CVT components for AGCO’s Fendt, Massey Ferguson and Valtra brands, with plans to produce more high precision transmission components.
Juha Tervala, managing director of AGCO Power, says that the investment will allow the company to grow its remanufacturing capabilities.
“Remanufactured products are stripped down to their individual components, inspected, cleaned and fully rebuilt. We have remanufactured used engines toward a circular economy since 1990. Any product improvements are based on the latest revision, as they are repaired, before the thoroughly tested and painted engine is signed off with a full factory warranty.”
Tervala says that the facility currently produces around one million gear wheels and axles annually, but this will double after the new facilities come fully on stream.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.

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