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AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, has announced a $20 million investment for its tractor manufacturing facility in Beauvais, France. The new complex will house the tractor cab production line and will also become home to a new Massey Ferguson International Sales Training Centre.
“This latest initiative at Beauvais underlines AGCO’s commitment to continuing long-term investment in our worldwide manufacturing facilities and product lines,” said Martin Richenhagen, Chairman, President and CEO of AGCO. “This project will provide the necessary space and scope to improve the efficiency of our production and lower our manufacturing costs.”