Toro focuses on micro-irrigation market
Posted: 3/13/2013 |
At the company’s shareholder meeting, CEO Mike Hoffman said irrigation products will foster global growth.
Toro Co.’s chief executive told shareholders Tuesday, March 12 that the lawn equipment maker expects to play a much bigger role in the micro-irrigation market in years to come.
CEO Mike Hoffman shared his vision during the company’s annual meeting and noted that micro-irrigation sales now make up just 6 percent of the Bloomington-based firm’s $1.9 billion in annual sales.
The company’s growing micro-irrigation business delivers precise amounts of water to the roots of targeted plants, which helps farmers and others concerned with water conservation, efficiency and droughts.