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Customer Receives Keys to 50,000th New Generation Massey Ferguson Tractor at Historic SIMA Ceremony
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DULUTH, Ga.--(BUSINESS WIRE)--March 6, 2007--AGCO Corporation (NYSE: AG), a worldwide manufacturer and distributor of agricultural equipment, today presented the 50,000th new generation Massey Ferguson tractor to a long-time customer in a ceremony at the SIMA Show in Paris. The tractor, an MF 6495, was built on March 1, 2007 at AGCO's Manufacturing Facility in Beauvais, France, where in 2003 Massey Ferguson embarked upon a program for its new French-built tractor ranges. Martin Richenhagen, Chairman, President and CEO of AGCO Corporation presented keys to this tractor to customer, Mr Michel Remont, from Mesenil Hardray, Normandy, France. This year's SIMA show is the second since the start of Massey Ferguson's outstanding resurgence in the tractor market, which began with the unveiling of a new generation Continuously Variable Transmission tractor in 2003. Following SIMA 2003, Massey Ferguson commenced numerous product developments/introductions, renewing its entire tractor range from the smallest compacts to its flagship 300+hp models. "Massey Ferguson is a powerful force that has regenerated itself and is gaining ground once again in every country where we operate," said Richard Markwell, Vice President, Managing Director of Massey Ferguson Europe, Africa and Middle East. "Our Beauvais factory is at the forefront of this regeneration and is responsible for introducing leading-edge technology on every tractor it now produces." "To present the 50,000th new generation '4' Series tractors produced since 2003 at this year's show is a remarkable achievement. It is a testament to the immense investment, commitment and innovation that is now benefiting our customers all over the world," Mr. Markwell said. About AGCO Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO(R), Challenger(R), Fendt(R), Gleaner(R), Hesston(R), Massey Ferguson(R), New Idea(R), RoGator(R), Spra-Coupe(R), Sunflower(R), Terra-Gator(R), Valtra(R), and White(TM) Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2006, had net sales of $5.4 billion.
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