increase font size
Mostly associated with conventional tractor tyres, Indian tyre manufacturer Ceat is reported to have bought the Camso off-highway tyre and track business from Michelin for about US$225 million (NZ$400 million).
The deal gives Ceat global ownership of the Camso brand, which currently enjoys a strong position with its materials handling tyres, tractor and harvester tyres and tracks in both Europe and North America.
As well as widening its product base, the deal is also said to offer Ceat access to a global customer base of more than 40 international OEMs, including all the major brands and distributors.
While there was no mention of the deal at the recent Italian EIMA show in Bologna, Ceat management did talk of ambitious plans to grow its rubber track business to become a global player in the high margin off-highway segment, particularly with tractors and combines in Europe and North America.
Prior to the deal, the Indian manufacturer’s rubber track portfolio was limited to only two tractor and two harvester track offerings. It’s two plants making rubber tracks in Bombay will soon to be bolstered by the two Camso plants in Sri Lanka.
Michelin acquired Camso in 2018. In 2023, the Canadian-based company achieved revenues of approx. US$213 million (NZ$380 million), with the proposed deal subject to regulatory approvals from the relevant authorities.
The arrival of new F8 and F9 designations for its 8000 and 9000 series forage harvesters, signals a swag of upgrades from John Deere, highlighted by topping the 1000hp mark for the first time.
Waikato-Bay of Plenty farmer Hugh Jackson recently secured this year’s FMG Young Farmer of the Year title in Invercargill.
Ashburton-based Carrfields has signed an agreement with Manitou to take over the distribution and retail rights for Manitou Agricultural Equipment covering the lower North Island and the South Island, effective August 1, 2025.
With June ending and following the most upbeat National Fieldays for several years, tractor dealers are reporting a lift in sales.
Samasz distributor FarmShop has introduced the new XDF Series Front Mowers, said to be refined for local conditions and to improve cutting precision and wear resistance.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…
