V-Belt Interchange Guide for Farm & Agricultural Machinery
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Geographies of Competitive Advantage: an Examination of the US Farm Machinery Industry
University of Tennessee, Knoxville TRACE: Tennessee Research and Creative Exchange Doctoral Dissertations Graduate School 5-2011 Geographies of Competitive Advantage: An Examination of the US Farm Machinery Industry Dawn M. Drake University of Tennessee - Knoxville, [email protected] Follow this and additional works at: https://trace.tennessee.edu/utk_graddiss Part of the Human Geography Commons Recommended Citation Drake, Dawn M., "Geographies of Competitive Advantage: An Examination of the US Farm Machinery Industry. " PhD diss., University of Tennessee, 2011. https://trace.tennessee.edu/utk_graddiss/963 This Dissertation is brought to you for free and open access by the Graduate School at TRACE: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Doctoral Dissertations by an authorized administrator of TRACE: Tennessee Research and Creative Exchange. For more information, please contact [email protected]. To the Graduate Council: I am submitting herewith a dissertation written by Dawn M. Drake entitled "Geographies of Competitive Advantage: An Examination of the US Farm Machinery Industry." I have examined the final electronic copy of this dissertation for form and content and recommend that it be accepted in partial fulfillment of the equirr ements for the degree of Doctor of Philosophy, with a major in Geography. Ronald V. Kalafsky, Major Professor We have read this dissertation and recommend its acceptance: Thomas L. Bell, Bruce A. Ralston, Anne D. Smith Accepted for the Council: Carolyn R. Hodges Vice Provost and Dean of the Graduate School (Original signatures are on file with official studentecor r ds.) To the Graduate Council: I am submitting herewith a dissertation written by Dawn M. -
Cnh Global N.V
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ® © REGISTRATION STATEMENT PURSUANT TO SECTIONS 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ®X© ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2001 or ® © TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-14528 CNH GLOBAL N.V. (Exact name of registrant as speciÑed in its charter) Kingdom of The Netherlands (State or other jurisdiction of incorporation or organization) World Trade Center, Amsterdam Airport Tower B, 10th Floor Schiphol Boulevard 217 1118 BH Amsterdam The Netherlands (Address of principal executive oÇces) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class on which Registered Common Shares, par value 40.45 New York Securities registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report: 277,100,298 Common Shares Indicate by check mark whether the registrant has (1) Ñled all reports required to be Ñled by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to Ñle such reports), and (2) been subject to such Ñling requirements for the past 90 days. -
We Know Agriculture Annual Report 2010 2 AGCO // Annual Report 2010
We Know Agriculture ANNUAL REPORT 2010 2 AGCO // Annual Report 2010 AGCO AT A GLANCE As the world’s largest manufacturer focused purely on agricultural equipment, AGCO is uniquely positioned to increase farm productivity through high-tech solutions for professional farmers feeding the world. KEY BUSINESS FIGURES in million $ – except per share amounts 2010 2009 Change Net sales 6,896.6 6,516.4 5.8% Income from operations 324.2 218.7 48.2% Net income attributable to AGCO Corporation and subsidiaries 220.5 135.7 62.5% Total assets 5,436.9 4,998.9 8.8% Stockholders’ equity 2,659.2 2,394.4 11.1% Earnings per share(1) 2.29 1.44 59.0% Adjusted earnings per share(2) 2.32 1.55 49.7% (1) On a diluted basis. (2) For a reconciliation of adjusted earnings per share, see footnote 2 on page 37. SALES BY PRODUCT in % Tractors 15% Parts Combines 68% 6% Application equipment 4% 4% Implements and other 3% Hay and forage SALES BY GEOGRAPHIC REGION ADJUSTED EARNINGS PER SHARE in million $ in $ (1) NA 22% 2010 2.32 SA(2) 25% 2009 1.55 EAME(3) 49% ROW(4) 4% 2008 3.95 (1) North America (3) Europe, Africa, Middle East (2) South America (4) Rest of World: Asia, Australia/New Zealand, Eastern Europe ON THE COVER In 2010, AGCO made solid progress toward meeting its long-term growth objectives. Among other things, it was a year marked by numerous combine launches and the announcement of a strategic acquisition of a state-of-the-art combine facility, proof of our accelerated commitment towards improving harvesting productivity. -
The New Alliance the Market Likes
YEAR VIII n° 1 MAY 2008 The harvesting specialist’s journal The new alliance the market likes Excellent feedback from the Laverda-Agco understanding Meanwhile, the combine sector is up and coming in Italy and the “reds” soar to over 36 percent A POSITIVE 2007 FOR FELLA AND COMBINE CONTESTS, THE GERMAN ENERGY THE LAVERDA “FAMILY”: HAYMAKING, AN THE “REDS” MAN MANUFACTURERS SELF-PRODUCTION, THE TURNOVER IDEA THAT DATES WINS IN RUSSIA MEET IN BREGANZE LAVERDA WAS ONE OF TOPS 150 MILLION BACK 90 YEARS THE PIONEERS page 2 page 7 page 11 page 12 pages 14-15 Gruppo Industriale ARGO The situation by Mario Scapin Ready to enter the field Mario Scapin and reap lots more satisfaction director general The Laverda Group’s turnover topped 150 million in 2007, also thanks to a strategic agreement reached with Agco The harvesting specialist’s Dear readers, as we approach the of all the workers, dealers, market- tion of the segment of conven- journal period in which you’ll be making ers and shareholders. I’d like to tional machines, with straw-walk- Year VIII, N° 1, May 008 Quarterly periodical a start on your field work, we can express my sincere gratitude to all, ers. The number of orders received Registered with the Court of Vicenza all look forward with optimism to but I also and above all wish to ex- from the East European countries N° 1017 of 5 March 00 this new harvest because it should tend my thanks to all our custom- is extremely positive, particularly publishing management finally provide all farmers with the ers for their trust in the products those from Bulgaria and Romania. -
Agco Corporation
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Dated November 3, 2010 of AGCO CORPORATION A Delaware Corporation IRS Employer Identification No. 58-1960019 SEC File Number 1-12930 4205 River Green Parkway Duluth, Georgia 30096 (770) 813-9200 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 1.01. Entry into a Material Definitive Agreement. The Company entered into a purchase agreement dated as of October 29, 2010, with ARGO SpA to acquire the remaining 50% of Laverda SpA. The purchase price is €65 million. The purchase agreement contains customary representations, warranties and closing conditions for this type of transaction. AGCO will own 100% of Laverda SpA, which includes the hay equipment business of Fella-Werke GmbH, once the approvals of relevant local competition authorities have been obtained and closing occurs. The Company expects the purchase to close in December 2010. A press release announcing the purchase agreement is attached hereto as Exhibit 99.1. Item 9.01. Exhibits. The following exhibit is filed with this report: 99.1 Press release dated November 3, 2010. -
Andy Beck Senior Vice President and CFO Agenda
Andy Beck Senior Vice President and CFO Agenda • Recent transactions • Investing in the business • AGCO Finance performance • 2011 preliminary targets 2 Strong Financial Position – Reinvesting in the Business Reducing Net Debt to Total Capital* • Investments in developing markets • New products • Production / productivity improvements • Tactical acquisitions Note: Net debt to total capital is defined as (total debt less cash) divided by (total debt less cash) + total equity 3 Sparex Acquisition • Late life cycle UK-based parts retailer • 2009 sales of approximately $85M – mostly European – also in Africa, Middle East, Asia and North America • Gives AGCO access to independent service shops • Provides market share opportunity for AGCO dealer parts sales • Strong margin business • £53M purchase price 4 Amity Acquisition • 50% joint venture in U.S. • Expands AGCO’s product offering: air seeders and tillage products • Strong margin business • Primarily in US today, opportunity for international growth 5 Laverda Acquisition • Remaining 50% interest acquired • Additional volume and scale • Shared R&D • Opportunity for integration of purchasing and marketing organizations • New home for European combine production Combines / Balers / Grass and Hay Equipment 6 Agenda • Recent transactions • Investing in the business • AGCO Finance performance • 2010 preliminary targets 7 Growing R&D R&D Spending ($ millions) • Continuing to invest in new products – high horsepower tractors – harvesting products • Tier 4 interim products to be launched in 2011 • -
Cenex Qwiklift HTB Tractor Hydraulic Fluid Is Recommended When the Following Manufacturers, Specifications, Or Performance Levels Are Called For
Cenex Qwiklift HTB Tractor Hydraulic Fluid is recommended when the following manufacturers, specifications, or performance levels are called for: AGCO/Deutz/Allis/White/Oliver/MM: Power Fluid 821XL, 821, Q-1705, 1722, 1766B, Q-1802, 1826, Ag One Universal, Type 55 AGCO/Massey Ferguson: Permatran III, MF-1141, 1139, 1127A/B, 1129A, 1135, 1143, 1145, 1110 Allison: C-4/C-3 (some agriculture applications only) Caterpillar: MTO Fluid, (TO-2 obsolete) CNH: Case-IH: Akcela Hy-Tran® Ultra (MS 1209, MAT 3505), Akcela Nexplor (MAT 3525), Hy-Tran® Plus (MS-1207); Hy-Tran®, (MS1206, 1205, 1204, B-6) TCH (MS 1210, MAT 3506), JIC 144/145, Powergard PTF Ford/New Holland: Ambra Multi-G 134 Fluid (MAT 3525, NH 410B), Ambra MasterTran (MAT 3505, NH-410C), FNHA-2-C-200/201.00, ESN-M2C134-D, M2C41B, M2C48B/C, M2C53A/B, M2C86B, M2C159B/C Hesston/Fiat: Oliofiat Tutela Multi-F/G, AF-87 John Deere: Hy-Gard, JDM J20C/A, J14C/A, J21A, 303 Type, Komatsu Dresser: B-06-002/1 Kubota: Super UDT, UDT, Transdraulic Fluid Landini: Tractor II Hydraulic Fluid Steiger: Hydraulic/Transmission Fluid 17001 Versatile: HyGear Fluid, 23M, 24M Volvo: VME WB-101, VCE 1273.03 ZF: TE-ML-03E, 05F, 06E, 06K API: GL-4 Pump Performance: Hagglunds/Denison HF-0, Eaton/Vickers (35VQ25, M-2950-S, I-286S), Sundstrand, Sauer Danfoss Other Agriculture Tractor and Transmission Manufactures: Antonio Carraro, Argo, Belarus, Buhler, Clark, Claas, David Brown, Deutz-Fahr, Ebru, Fendt, Fort, Pegoraro, Gleaner Hurlimann , IMT, JCB, Kioto, Komatsu, Lamborghini, Laverda, Leyland, Mahindra, McCormick, -
AGCO Corporation Takes 50% Stake in Italian Harvesting Business
June 25, 2007 AGCO Corporation Takes 50% Stake in Italian Harvesting Business Harvesting Joint Venture with Laverda S.p.A to Reinforce AGCO's Market Positioning DULUTH, Ga.--(BUSINESS WIRE)--June 25, 2007--AGCO Corporation (NYSE: AG), a worldwide manufacturer and distributor of agricultural equipment, today announced that, subject to the approval of the competition authorities, it has agreed to acquire 50% of Laverda S.p.A from the Italian ARGO group. ARGO owns a number of manufacturing, service and distribution companies as well as some prestigious trademarks, all operating exclusively in the traditional agricultural machinery sector. Based in Breganze, in Northern Italy, Laverda operates one of the most modern and efficient production facilities for harvesters in Europe. In addition to producing Laverda branded combines, the Breganze factory has been manufacturing mid-range combine harvesters for AGCO's Massey Ferguson, Fendt and Challenger brands for distribution in Europe, Africa and the Middle East since 2004. In 2006, Laverda's annual consolidated net sales were approximately EUR 133 million. "This investment reinforces AGCO's market positioning and supports our strategic aim of taking a leading position in the European harvesting business," commented Martin Richenhagen, Chairman, President and CEO of AGCO. The joint venture will further improve AGCO's product offering of harvesting equipment and is expected to provide a foundation for long term product development. "AGCO is committed to growth in the harvesting markets. With the combined sales volumes of the Laverda brand and our AGCO brands, we will be well positioned in the competitive marketplace," said Gary Collar, Senior Vice President and General Manager, Europe, Africa and Middle East (EAME). -
FBI Looking Into Bankrupt Iowa Dealer As Farm Customers Consider
Vol. 12, Issue 10 News, Information & Analysis for the Ag Equipment Marketer February 15, 2006 FBI Looking into Bankrupt Iowa Dealer As Farm Customers Consider Options to Reclaim $22 Million As a group of farmers from several states The Iowa Attorney General’s assertions going around,”said attorney plan their next move in an attempt to office is also involved in the case, but Matt Cronin, who is representing the recover $22 million they paid says that it is unclear what recourse group.“If there’s a basis for a lawsuit Walterman Implement in Dike, Iowa, farmers may have under either state — and it appears right now that there before it was closed down in October, or federal law. is — that will likely lead to litigation.” the FBI is now looking into the matter. Stanley Webb, a Mitchellville, An undisclosed number of farm- The Case-IH dealership was Iowa, farmer, has filed suit against Case ers had been making payments to the forced into Chapter 7 bankruptcy by Credit Corp., CNH Capital America dealership ranging between $12,000 creditors who claim Walterman dou- and Walker-Schork International, Inc. and $22,000 in a “roll” program that ble-financed several pieces of equip- Webb claims that Case delivered a would have provided them with new ment. It is estimated that hundreds of new combine registered in his name and previously owned combines. farmers from Iowa and surrounding to the Rochelle, Ill., dealer, who sold it Many of Walterman’s customers states lost thousands of dollars each to a local farmer. have outstanding notes with the after the dealership was closed. -
Economic Report 2017
ECONOMIC REPORT 2017 CONTENTS ► OVERVIEW OF THE AGRICULTURAL MACHINERY SECTOR 01 P. 6 ► DETAILED RESULTS FOR AGRICULTURAL MACHINERY 02 P. 14 18 20 22 24 26 28 30 32 34 38 40 42 ► AGRICULTURAL MACHINERY OUTLOOK 03 P. 44 ► APPENDICES 04 P. 58 ► INDEX 05 P. 62 ►DID YOU KNOW? AGRICULTURAL THE AGRICULTURAL EVOLUTION MACHINERY SECTOR OF THE FRENCH IN FRANCE IN FRANCE MARKET €4.6 bn €70 bn +5% in 2018 FRENCH PRODUCTION FRENCH PRODUCTION PRODUCTION OUTLOOK OF rd st AGRICULTURAL MACHINERY (€4.9 Bn) 3 PRODUCER 1 COUNTRY IN EUROPE IN EUROPE BEHIND IN PRODUCTION OF EVOLUTION OF FRENCH GERMANY AND ITALY LIVESTOCK AND CROPS FARMS BETWEEN 1990 AND 2015: 4% OF THE FRANCE: 17% TURN- GLOBAL PRODUCTION OF THE AGRICULTURAL PRODUCTION OVER X 2.3 SUB- IN EUROPE SIDIES 31% OF THE X 9 FRENCH PRODUCTION LIVESTOCK PRODUCTION (2017): IS TRACTORS €9.3 bn COSTS X 2 OF MILK PRODUCTION €5.1 bn €1.2 bn COSTS IN FUEL FRENCH MARKET OF EGG PRODUCTION €11.9 bn & LUBRICANTS: X 3 €3.5 bn OF BEEF PRODUCTION COST OF FEED FOR CATTLE: X 2.5 OF IMPORTS THE SURFACE AREA OF CEREALS (2016): 33% OF FRENCH COSTS IN WORK BY €3.3 bn AGRICULTURAL LAND THIRD-PARTIES: X 2.2 OF EXPORTS €9.7 bn PRICE OF EQUIPMENT: X 1.5 Exports €-252 m Imports (-718 in 2016) CEREAL PRODUCTION CHANGE IN FRENCH TRADE BALANCE 296,800 FARMS FOR AGRICULTURE IN FRANCE YIELDS JOBS & COMPANIES 2 TIMES LESS THAN IN 1990 1 FARM / 2 WITH LIVESTOCK 385 COMPANIES +43% +36% +18% 17,000 JOBS OF THE INVESTMENTS IN 2015: DEALERS 5.3% 3,548 COMPANIES No. -
Advantage Universal Th Fluid
Advanced Lubrication Specialties 420 Imperial Court Bensalem, PA 19020 United States Tel: (215) 244-2114 Fax: (215) 244-2118 www.advancedlubes.com ADVANTAGE UNIVERSAL TH FLUID OVERVIEW ADVANTAGE UNIVERSAL TH FLUID is a premium, exceptional high quality universal tractor hydraulic fluid for use in transmissions, final drives and hydraulic systems of all major brands of tractors and other farm equipment using a common fluid reservoir. This fluid incorporates the latest additive chemistry to provide maximum protection for all systems requiring a universal fluid. FEATURES & BENEFITS ADVANTAGE UNIVERSAL TH FLUID has enhanced friction properties that optimize clutch and PTO performance, improve PTO chatter control and has excellent clutch and elastomer compatibility. It has a high viscosity index and is very shear stable while offering improved wet brakes control and excellent protection against rust, corrosion and yellow metal etching. ADVANTAGE UNIVERSAL TH FLUID has exceptional low temperature, anti-wear, and extreme pressure properties to protect key components. APPLICATIONS ADVANTAGE UNIVERSAL TH FLUID is designed for heavy duty transmissions, differentials, final drives, hydraulic systems, power steering systems, wet brakes, PTO's and hydrostatic drives. This product is suitable for top-up and re-fill of systems. ADVANTAGE UNIVERSAL TH FLUID is also used for certain commercial transmission applications requiring Type A (Suffix A) or Dexon fluids. Check your manual for your equipment's specific requirements. Do not use in passenger car -
Sunoco Th-Lt Fluid
SUNOCO TH-LT FLUID OVERVIEW APPLICATIONS SUNOCO TH-LT FLUID is an exceptionally high-quality universal SUNOCO TH-LT FLUID is designed for heavy duty transmissions, tractor hydraulic fluid specially formulated using synthetic chemistry differentials, final drives, hydraulic systems, power steering to provide outstanding low temperature characteristics under cold systems, wet brakes, PTO's and hydrostatic drives. Suitable for top- weather conditions. Designed to the same performance standards up and re-fill of systems, SUNOCO TH-LT FLUID is also used for as our TH Fluid, SUNOCO TH-LT FLUID is intended for applications commercial transmission applications requiring Type A (Suffix A), where a lower viscosity fluid is needed in all major brands of farm DEXRON™ and Type F fluids. and off-road equipment that utilize a common fluid reservoir. SPECIFICATIONS FEATURES & BENEFITS API GL-4 • Allison Type C-4 • AGCO Power Fluid 821 XL • Case IH SUNOCO TH-LT FLUID utilizes special viscosity modifiers and MS1210, MS1209, MS1207, MS1206, MS 1204-07/09 • Case New synthetic componentry to provide excellent low temperature flow Holland (CNH) MAT-3509, 3525, 3506, 3505 • Caterpillar TO-2 • characteristics, and has enhanced frictional properties that optimize Dennison HF-0, HF-1, HF-2 • Fendt • Ford ESN M2C134-A/B/C/D, clutch and PTO performance. It is designed to improve PTO chatter FNHA-2C-201.00, FNHA-2-C-200.00, M2C86-B/C, M2C41-B, control and has excellent clutch and elastomers compatibility. It has M2C48-A/B • International Harvester B-6 Hy-Tran • John Deere a high viscosity index and is very shear stable while offering J14B/C, J20A/B, J20C (Hygard), J20D (Low Vis Hygard) J21A • improved wet brakes control and excellent protection against rust, Kubota Super UDT2 Fluid • Massey Ferguson M1110, M1127B, corrosion and yellow metal etching.