Despite factory deflation and an economic downturn, US agricultural equipment manufacturer, The Atlanta Journal-Constitution, has opened a new factory in Changzhou, China, aimed at producing nearly 100,000 tractors, engines and other major components. This takes it up to five factories that the company has opened in China, where it has invested circa. $300m in new and existing facilities. "This is a critical step in the implementation of our development strategy for the Asia Pacific region", said its CEO, Martin Richenhagen.
Despite factory deflation and an economic downturn, US agricultural equipment manufacturer, AGCO Corp, has opened a new factory in Changzhou, China, aimed at producing nearly 100,000 tractors, engines and other major components. This takes it up to five factories that the company has opened in China, where it has invested circa. $300m in new and existing facilities. "This is a critical step in the implementation of our development strategy for the Asia Pacific region", said its CEO, Martin Richenhagen.