DULUTH, Ga.--(BUSINESS WIRE)--Sep. 18, 2018--
AGCO (NYSE: AGCO), a global leader in the design, manufacture and
distribution of agricultural machinery and solutions, today announced
the launch of the AGCO Agriculture Foundation. “The AGCO Agriculture
Foundation is a testament to our commitment to support farmers feeding
the world. Our objective is to support non-profit initiatives that
contribute to global food security, support sustainable agriculture
development and have an economic impact in developing countries,” said
Martin Richenhagen, AGCO’s Chairman, President and CEO.
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The new philanthropic focus demonstrates AGCO’s strong commitment to
specific Sustainable
Development Goals developed by the United Nations that seek to end
hunger and provide basic necessities to a growing world
population. AGCO has already been driving change globally, particularly
in certain developing markets, by supporting farmer education
initiatives as well as access to mechanization and agricultural
projects. As a private organization, the AGCO Agriculture Foundation
will leverage new partnerships and utilize its networks to develop and
advance vital initiatives that will have a positive direct social,
economic and environmental impact on communities around the globe. “We
believe that with our agriculture expertise and resources the foundation
can truly maximize our efforts for a good cause,” said Metti
Richenhagen, Manager, AGCO Corporate Social Responsibility and AGCO
Agriculture Foundation.
An AGCO Agriculture Foundation Board of Directors is entrusted with the
oversight and administration of the foundation’s activities. “We
appreciate the ideas, support and engagement from the global AGCO family
in making this goal a reality,” said Ulrich Stockheim, Chairperson of
the AGCO Agriculture Foundation.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agriculture equipment and solutions and supports more
productive farming through its full line of equipment and related
services. AGCO products are sold through five core brands, Challenger®,
Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision
technologies and farm optimization services. Founded in 1990, AGCO is
headquartered in Duluth, GA, USA. In 2017, AGCO had net sales of $8.3
billion. For more information, visit http://www.AGCOcorp.com.
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Source: AGCO
AGCO
Greg Peterson
Vice President, Investor Relations
Greg.Peterson@agcocorp.com
