Alldata 10 53 2013 Portable North
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View Here, 2006-07-12 00:00:00, 78.8, Unknown, TN, 36.03578, -84.18288, Unknown, 'Hoskins Gap rd, On 330, 5 miles north of route 61. Poplar creek flows. View Here, 2011-03-10 00:00:00, 53, Extech EC400, 52, Unknown, WV, 2, -1, Unknown, Benthincs observed: yes. Birds observed: no.
Linamar Corporation (TSX:LNR) today announced that it has entered into a definitive agreement to acquire 100% of the outstanding equity interests of MacDon and its Group of Companies for an aggregate purchase price of C$1,200 Million, less the assumption of small transaction related expenses, and subject to certain customary adjustments (the “Transaction”). Headquartered in Winnipeg, Manitoba, Canada, MacDon is a global innovative market leader in the design and manufacturing of specialized agriculture harvesting equipment such as drapers and self-propelled windrowers. MacDon is an industry-leading manufacturer with a strong customer following and advanced agriculture equipment technologies.
It has developed an indstury-leading reputation for quality, reliability and passion for harvesting technology over its 67 year history as a family owned company. MacDon’s mission is to manufacture reliable machines that make harvesting easier and more productive for its customers in over 40 countries worldwide.
MacDon’s products excel in the toughest real-world conditions, and its pioneering, industry-leading innovations like the FlexDraper® have propelled the company’s strong reputation for providing customers with quality, innovative equipment. Further, MacDon has developed strong relationships with a global dealer network of approximately 1,400 leading dealers and distributors, a major competitive advantage in the industry. Linamar sees a compelling cultural fit with MacDon given its strong family legacy and looks forward to building on that foundation, which has been a key driver of MacDon’s success. This platform acquisition positions Linamar as a leading global agricultural equipment manufacturer. MacDon will be combined with Linamar’s existing agriculture harvesting business in Hungary to position both businesses for significant growth.
Linamar’s existing harvesting business is highly complementary to MacDon product plan allowing Linamar to offer a full lineup of grain and hay harvesting equipment. Linamar plans to expand its agricultural platform by increasing penetration in both new and underserviced markets globally. Linamar expects to realize modest synergies from the Transaction and create opportunities to utilize existing distribution channels for agricultural products. The Transaction is expected to be immediately accretive to earnings per share and free cash flow per share even before accounting for these synergies.
As it expands, MacDon will benefit from Linamar’s established manufacturing footprint in Asia and Europe along with employing best practices from both Linamar and MacDon. Linamar has a long track record of executing strategic, accretive acquisitions followed by seamless integration. Its previous acquisitions of Skyjack, Montupet and Seissenschmidt are compelling case studies of Linamar building its global manufacturing platform with broader product lines, additional capabilities in new markets and incremental geographic presence, while continuing to deliver outstanding financial performance and returns to its shareholders. “The acquisition of MacDon provides a truly once-in-a-lifetime opportunity to move our agriculture business into a market leading position while providing meaningful diversification to the end markets we serve. We believe the long-term growth fundamentals for the agriculture industry are very strong given the growing and developing global population, noting the market is in the early stages of cyclical recovery.” said Linda Hasenfratz, Linamar’s CEO, “MacDon is a strong, well-managed company and an innovative market leader in both customer penetration and technology evolution; it will be the centerpiece of our agriculture business, which includes our existing European corn header business, highly complementary to MacDon products. We get diversification, innovation, growth and a solid deal, we couldn’t be happier.” •.
“This team driven by Yves will set the industry trends in areas including neural machine translation (NMT), content security, branding control, quality-at-the-source, regulatory compliance and go-to-global-market solutions,” stated Kimon Fountoukidis, Founder and President of Argos Multilingual. “Argos R&D is developing the next generation of secure, context-aware translation management technologies that can identify and understand content, while automatically routing projects 24x7 to our in-country certified translators, greatly reducing time to global markets,” continued Kimon. DexKo Global Inc., which manufactures trailer running gear, chassis assemblies and related components, has announced that its subsidiary, Dexter, has agreed to acquire Henderson Wheel & Trailer Supply Inc., based out of Salt Lake City. Henderson is a manufacturer of sprung and torsion axles and fenders as well as distributor of axles, trailer components and fenders. “The addition of the Henderson product and manufacturing facilities will complement the already extensive portfolio of products under Dexter while strengthening our presence in the Western U.S.,” stated Fred Bentley, CEO of DexKo Global.
Bentley added, “We are now continuing with our DexKo 2020 plan. Our new owner, KPS, is providing full support to add highly engineered and high growth products to our globally leading running gear product offering.” “This is an excellent opportunity to better serve all our customers with the addition of west-coast manufacturing capabilities,” adds Adam Dexter, President and CEO of Dexter. “Our focus will be to further enhance our commitment to the core Dexter principles of safety, quality, and customer service that have been the foundation of our success for over 50 years. By concentrating on these areas, we are confident that the addition of Henderson will bring value to all our mutual customers.” “At Henderson, we are very proud of the legacy we have built since 1919. As a family run business, we are thrilled with the opportunity to continue growing our business while joining an even larger family,” said John Henderson, President of Henderson.
“I am confident that uniting with Dexter, the industry leader, will be beneficial for both our customers and employees.” ### •. TURIN, Italy – November 13, 2017 – Topcon Agriculture adds industry-leading ISOBUS universal terminal and task controller functionality to the Opus A6 and A8 consoles. The industry standard universal terminal provides compatibility with a wide range of ISOBUS compliant ECUs (electronic control units) and includes additional functionality such as AUX-N support.
The Topcon task controller is designed to allow the control of multiple products with variable rate along with section control across multiple booms. “The ISOBUS compatible Opus A6 and A8 provide farmers and OEMs extreme flexibility and unmatched control,” said Fabio Isaia, CEO of Topcon Agriculture. For OEMs, the addition of ISOBUS to the Opus A6 and A8 is designed to add another dimension to the existing hardware and software development platform.
It comes with multiple programming options, which cater to the OEM needs using the Opus Projektor. For more information, visit. Highlights • Third quarter revenue up 35% year-over-year to $9.0 million; up 8% year-to-date to $36.9 million. • Third quarter gross margin increased 310 basis points to 36.0%; up 210 basis points year-to-date to 42.2%. • Third quarter net loss improved to $3.1 million ($(0.02) per share) versus a loss of $14.4 million ($(0.12) per share) in the year-ago quarter; year-to-date net loss of nil ($0.00 per share) versus a loss of $15.3 million (($0.12) per share) year-to-date 2016.
• Third quarter adjusted EBITDA was unchanged at $(2.6) million; up year-to-date to $1.4 million versus $(2.6) million year-to-date 2016. • Cash at September 30, 2017 was $16.0 million, up $3.2 million since December 31, 2016. Management Commentary 'Our third quarter marked the second consecutive quarter of double-digit year-over-year revenue growth, driven by healthy OEM demand in two of our three major regions,' said Dave Vaughn, president and CEO of AgJunction. 'We remain ahead of our operating plan and see signs of market optimism as more of our customers are realizing the benefits of Precision Ag to drive profits. Given our progress and this recent optimism, we have begun to increase our investment in R&D and marketing in preparation for several new projects kicking off early next year.' Third Quarter 2017 Financial Results Total sales in the third quarter of 2017 increased 35% to $9.0 million compared to $6.7 million in the third quarter of 2016. This was driven by strong OEM business growth in the Europe, Middle East and Africa (EMEA) and Americas regions.
Gross profit in the third quarter of 2017 increased 47% to $3.2 million compared to $2.2 million in the third quarter of 2016. Gross margin increased 310 basis points to 36.0% compared to 32.9% in the third quarter of 2016. The increase was primarily due to the absorption of production overhead by the higher sales volumes. Total operating expenses increased to $6.3 million compared to $5.3 million in the third quarter of 2016 primarily due to higher employee compensation costs. As a percentage of sales, operating expenses declined to 70.0% compared to 79.1% in the third quarter of 2016. Net loss in the third quarter was $3.1 million or $(0.02) per share, compared to a net loss of $14.4 million or $(0.12) per share in the third quarter of 2016. The year-ago quarter included an $11.3 million non-cash goodwill impairment charge Adjusted EBITDA in the third quarter of 2017 was unchanged compared to the year-ago quarter at $(2.6) million.
Cash and cash equivalents at the end of the third quarter of 2017 totaled $16.0 million compared to $12.9 million at the end of 2016. Working capital was unchanged from the end of 2016 at $22.4 million. The Company continues to carry no debt and has access to its full $3.0 million line of credit. Strip-Till Farmer Magazine Debuts From the leaders in conservation tillage, this new publication from the Ag Division editors at Lessiter Media is supported by 5 exclusive sponsors to transfer knowledge and technology to America’s farmers.
BROOKFIELD, Wis. — Lessiter Media, publishers of Farm Equipment, Precision Farming Dealer and No-Till Farmer, has mailed the debut print edition of Strip-Till Farmer (Fall 2017). This quarterly print publication is free to qualified farm operators in North America and delivers a mix of strip-till content on farm experience, management topics and trending practices in strip-till. It is fully supported by 5 exclusive sponsors in key segments, including Yetter Farm Equipment (Implement Attachments), Topcon Agriculture (Precision Farming Systems), Montag (Dry Fertilizer Application), Kuhn Krause (Strip-Till Toolbars) and AgroLiquid (Fertilizer Products).
October 12, 2017 – Kalida, OH – Unverferth Mfg. Is pleased to announce the promotion of Andy Unverferth to Marketing Manager. Andy has been with Unverferth Mfg. Since 2009 and earned his bachelor’s degree in business from The Ohio State University. In his new role, Andy will be responsible for overall brand development along with organizing, coordinating and executing marketing initiatives for the company’s brands; Brent, Killbros, Parker, Top Air and Unverferth.
In addition, Andy is currently serving as president of the Ohio chapter of the National Agri-Marketing Association, the nation’s largest association for agribusiness professionals. Unverferth Mfg. Is a family owned manufacturer and marketer of tillage, seed, hay- and grain-handling equipment along with pull-type sprayers, fertilizer applicators and agricultural dual, triple and specialty wheel products. For additional information, contact Unverferth Manufacturing Co., Inc., P.O.
Box 357, Kalida, OH 45853. Phone 419-532-3121 or visit the website. ARMSTRONG, Iowa, Oct. 4, 2017 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (NASDAQ: ARTW), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for the third quarter and year to date of fiscal 2017. For the Three Months Ended (Continuing Operations, Consolidated) August 31, 2017 August 31, 2016 Sales $ 6,549,772 $ 6,431,217 Operating Income (Loss) $ 109,240 $ (217,165) Net Income (Loss) $ 41,648 $ (149,676) Sales: Our consolidated sales for continuing operations for the three and nine-month periods ended August 31, 2017 were $6,550,000 and $15,660,000 compared to $6,431,000 and $17,442,000 during the same respective periods in 2016, a $119,000 or 1.8%, increase for the third fiscal quarter and a $1,782,000 or 10.2% decrease for the nine months.
The increases in revenue are primarily due to a slight uptick in the agriculture economy and increased sales in our tools segment. Consolidated gross margin for the three-month period ended August 31, 2017 was 22.1% compared to 19.3% in the same period in fiscal 2016. Consolidated gross margin for the nine-month period ended August 31, 2017 was 21.5% compared to 25.0% for the same period in fiscal 2016. The decreased gross margin for the year is largely attributable to new products in the agriculture segment.
Income (Loss) from Continuing Operations: Consolidated net income from continuing operations was $42,000 for the three months and $(721,000) of net loss for the nine months ended August 31, 2017 compared to net loss of $(150,000) and net income of $1,000 for the same respective periods in 2016. The increased income from continuing operations for the third quarter was largely due to the increased gross margins and administrative cost cutting measures. The decreased revenues and depressed gross margins were the major factors in the decreased income for the nine months ended August 31, 2017 compared to the same period in fiscal 2016. Chairman of the Art's Way Board of Directors, Marc H. McConnell reports 'We are pleased to report meaningful improvement in our operational performance and profitability for the third quarter.
Coming off a very challenging first half of the year, we benefitted in the third quarter from many of the strategic investments made in recent quarters. While the agricultural market at large remains depressed we were able to make more of an impact in the markets we serve while maintaining tight cost control and continuing pursuit of our strategic initiatives. We remain very focused on simplifying the business, strengthening the balance sheet, and putting resources toward customer service, product quality, and product development. Along these lines we have reduced inventory by $1 million since the end of Q2, announced the closure of our Canadian production facility, reduced overhead expense, and maintained progress on new products under development.
Quite significantly, we also recently refinanced our debt with Bank Midwest, a lender who understands our business and we are confident will prove to be the right partner for the Company going forward. In doing so we were able to greatly improve our liquidity position, reduce our annual debt service by over 60%, and establish more favorable covenants. These measures and others driven by the same priorities are key to improving our business through this down cycle and providing for strong positioning in preparation for improving conditions in the future.
Market conditions will continue to remain challenging until circumstances improve for our dealers and end-users whose incomes are largely driven by commodities. That said, our business is stronger than it was at this time last year and we have reason to expect better performance in the fourth quarter than we experienced a year ago. Our backlog is higher, our incoming order activity is up, and the feedback from our sales force is increasingly positive. We will remain both cautious and optimistic as we go forward.' About Art's Way Manufacturing Co., Inc. Art's Way manufactures and distributes farm machinery niche products including animal feed processing equipment, sugar beet defoliators and harvesters, land maintenance equipment, plows, hay and forage equipment, manure spreaders, reels for combines and swathers, and top and bottom drive augers, as well as modular animal confinement buildings and laboratories, and specialty tools and inserts. After-market service parts are also an important part of the Company's business.
The Company has three reporting segments: agricultural products; modular buildings; and tools. For more information, including an archived version of the conference call, contact: Carrie Gunnerson, Chief Executive Officer 712-864-3131 investorrelations@artsway-mfg.com Or visit the Company's website at SOURCE Art's Way Manufacturing Co., Inc. LOUIS, MO (October 3, 2017) – The Equipment Dealers Association (EDA) is proud to announce the election of their new Chairman of the Board, Tom Rosztoczy. Tom has served on EDA’s board since 2015 and was most recently Treasurer and a member of the Audit and Finance Committee.
His term as chairman is two years. Tom is president and chief executive officer of Stotz Equipment, a 25 store John Deere dealership. Tom graduated from Stanford University where he earned a B.S. In Industrial Engineering.
His experience includes previous service as a director and president of the FarWest Equipment Dealers Association. He also served on John Deere’s National Dealer Advisory Group for Large Ag Dealers and John Deere’s National Dealer Advisory Council for Turf Dealers. He was named Farm Equipment Magazine’s Dealer of the Year in 2013. Tom has been a leader throughout his tenure on EDA’s board,” says Brian Carpenter, outgoing Chairman. “I have complete confidence that he has nothing but the best of intentions for the association and that he will work tirelessly to ensure we are providing value to our members.” As the outgoing Chairman, Carpenter will remain on the Board of Directors for a term of at least one year.
About EDA: Founded in 1900, the Equipment Dealers Association (EDA), formerly known as the North American Equipment Dealers Association, is a non-profit trade organization representing 4,500 retail dealers extensively engaged in the sale and service of agricultural, construction, industrial, forestry, outdoor power, lawn and garden, and/or turf equipment. EDA provides essential value to its members by enhancing the dealer-manufacturer relationship and advocating for a positive legislative and regulatory environment. EDA is headquartered in St. Louis, MO and is affiliated with regional associations located throughout the United States and Canada. For additional information, visit. “We thank Art for his dedicated service and wish him a long and happy retirement,' said Mark Speciale, president of Beall Manufacturing, Inc.
'It was important to us to find a replacement for Art who had a history of providing excellent customer service. We believe we found that person in Sonny Hogue, Jr. Sonny will start on Oct.
3 and will be attending the Marketing & Distribution Convention in Houston.” Hogue has more than 30 years experience in customer service and manufacturing in the metals industry with a focus on quality assurance, business development and sales. At Beall Manufacturing and CSI, Hogue will be responsible for managing all corporate sales and marketing for the company. Beall Manufacturing Inc. Was established in 1905 in E.
Beall Manufacturing Inc. Bought a mower blade manufacturer located in McKenzie Tn. In 1999 and renamed it Cutting Specialists Inc. (CSI), a wholly owned subsidiary of Beall Manufacturing Inc.
The company has been an Association member since 1967. Kondex is pleased to announce the appointment of John Wagner as its new vice president of sales and business development. He brings a vast knowledge of metallurgical and manufacturing processes to Kondex, having served as the president and chief operating officer for Applied Process Companies, and most recently as director of value added services for Waupaca Foundry. Wagner holds a Bachelor of Science Degree from University of Wisconsin Milwaukee.
“John has extensive leadership experience and a passion for business development,” said Kondex President Jim Wessing. “He has played an instrumental role in several sales and operational achievements. These traits, along with his industry familiarity, will be a great asset to Kondex as we seek to further grow and diversif y the business.” “Kondex has a bright future and a talented team,” commented Wagner. “I am eager to use my skills and work with its associates to create more opportunities for success.” Kondex, a manufacturer of cutting and wear-resistant components, uses advanced manufacturing technologies and design innovations to significantly improve product life and strengthen functionality. For our OEM customers, this elevates market share; for end users, it extends the life of their machinery. With the majority of our products agriculturally based, these efforts support our mission of helping to feed and fuel the world. For additional information, please visit.
Brian Nelson, President and Chairman of the Board for HCC, inc., is proud to announce that on September 21, 2017, HCC, inc., assumed 100% ownership of HCC Methal Company. The company will now be recognized by the name HCC, Curitiba and will continue to be managed locally by Thecio Pelanda. Over the course of the last five years, HCC’s joint venture with the Methal Company was exceptionally successful and had reached its goal to become the market leader in the production of HCC designed reels and sieves in the South American agricultural market. Along with this success, 90% of the product content has been localized with suppliers based in South America. With this newest acquisition, HCC, inc. Is now the industry leader in the design and manufacture of reels and sieves for the North American and South American combine markets.
HCC, located in Curitiba, Brazil, is the third addition to the HCC, inc. Corporate family. Triple-C, located in Sabetha, Kansas, was acquired in 2005 and manufactures the HydraBed for the cattle industry. In 2008, Shaver Manufacturing was acquired in Graettinger, Iowa, which manufactures attachments for Skid Steer and 3-point applications such as utility pole pullers, stump grinders, and post drivers for use in farm, field, and ranch. Is headquartered in Mendota, Illinois.
“Our initial investment in McLaughlin created the ideal opportunity to determine how the company culture and product portfolio fit within our organization,” said Jason Andringa, president and CEO at Vermeer Corporation. “Now, we look forward to having the McLaughlin team and the products they design and manufacture become part of the comprehensive solution Vermeer provides to the utility market. This is especially important in the area of soft-dig excavation where we see demand for equipment and expertise continuing to grow today and well into the future.” “For more than 95 years, McLaughlin has provided workable solutions for the utility industry, where Vermeer is considered a market leader. We have worked closely with Vermeer and I can confidently say that incorporating the McLaughlin products into the Vermeer lineup will be a positive for the McLaughlin team and the customers we serve.
We look forward to being a part of the Vermeer organization,” said Dave Gasmovic, president and CEO at McLaughlin Group, Inc. McLaughlin will continue to operate under the McLaughlin name in Greenville, South Carolina. Dave Van Wyk, previously the senior director of Lifecycle Solutions at Vermeer, will serve as general manager. Dave Gasmovic will take the role of business development manager and Jeff Wage, sales director, will continue to lead the McLaughlin sales group. Worksaver, Inc. Is proud to announce that another of its products was named as one of Equipment Today’s Contractor’s Top 50 New Products for 2017. The company’s 36-Series Snow Pusher made the list that is compiled based on reader inquiries from Equipment Today and user engagement on ForConstructionPros.com over 12 months.
The winning products are a listing that showcases new equipment and products that construction equipment owners and end users identify as most interesting, innovative and useful. Below article was published in Manufacturing Today WI. This publication is distributed to students ranging from middle school to college, and aims to introduce more students to careers in manufacturing.
Kondex is featured on Page 10, with an advertisement on Page 11.. Developing a Career in Manufacturing: Rick’s Story with Kondex Corporation As Quality Assurance Manager at Kondex Corporation, Rick Pribnow is a stickler for getting things right. His drive for perfection applies not only to the products and processes he inspects, but also to his mentorship of helping others achieve their goals. With the current overabundant need for manufacturing talent in Wisconsin, those pursuing these careers are faced with a lot of choices. Pribnow offers his advice on getting started, developing a career, and what to look for in an employer. You Don’t Need a Four-Year Degree to be Successful. Kondex, and many manufacturers, offer tuition reimbursement and on-the-job training to help you succeed right out of high school or in conjunction with earning a degree.
“I started working for Kondex part time the summer after I graduated high school, and continued working part time while studying Industrial Engineering,” stated Pribnow. “This time allowed me to understand and apply what I was learning in school to a real-world manufacturing environment, which proved a significant advantage once I’d obtained my degree. It wasn’t long before I was promoted to an operations shift leader.” Keep an Open Mind. Careers develop faster with experience, but when you’re first starting out that experience can be limited. Companies like Kondex that offer many different paths tend to see higher rates in career development. But candidates must remember to keep an open mind to varying roles and responsibilities. “Get your foot in the door, be willing to try new tasks, and develop your strengths,” Pribnow advises.
“I started with Kondex in 2001 as a machine operator. I’ve worked all three shifts in numerous roles, and steadily progressed to my current managerial position. Kondex saw my initiative and work ethic, and worked with me to grow the experience needed to fulfill my goals.” Look for an Employer That Values You. Today’s manufacturing looks a lot different than that of past generations, and the best manufacturers have a culture that values associates.
Going beyond strong benefits and compensation packages, Kondex has built its culture around its team. “Some of the things I really enjoy about working at Kondex are the continuous improvement efforts, investments in people and processes, and a management team that is approachable and looks out for you,” said Pribnow. “We’ve enjoyed bonuses in all but 1 of my 16-year tenure and I’ve never seen a mandatory layoff, despite some economic downturns.
That’s very telling of a team-driven culture where top-level decisions take more than the bottom line into account.” Kondex, a manufacturer of cutting and wear-resistant components, uses the latest technologies and manufacturing innovations to strengthen product performance and longevity. For original equipment manufacturers, this elevates market share; for end users, it extends the life of their machinery. With most of its products agriculturally based, these efforts support its mission of helping to feed and fuel the world. For additional information, please visit. “Our patent-pending suspension technology allows operators to better handle the bumps and jostling that naturally comes with baling hay. If you think about all those bumps over the course of the day or multiple days, ride quality can really impact the operator,” said Josh Vrieze, product manager.
“In the ZR5, operators experience a smoother, more comfortable ride with the cab uniquely positioned over the suspension.” With a nod to the lawn care industry, Vermeer has applied zero-radius turning to the steering system in the self-propelled machine. This feature allows operators to gain better maneuverability and driving efficiency than a conventional tractor-baler combination. “Operators can spend less time turning in the field and more time baling.
The zero-radius turning can eliminate skipping a windrow to make the turn, or swinging out wide to get into the next windrow,” adds Vrieze. “And, when it’s time to head to the next field, zero-radius turning can be disengaged. Folks who have operated other self-propelled machines will appreciate the dual steering functionality; with the zero-turn disengaged, the operator steers the ZR5 using the front wheels for a smooth, confident ride.” While still a prototype, automating the baling process, as well as providing the ability to automatically make real-time adjustments based on field, crop and operator inputs, are just a couple of the goals Vermeer has for the ZR5.
Integrated quarter-turn technology is part of the ZR5 baling automation process. During the tie-cycle, the machine can automatically rotate to the left or right, positioning the bale parallel to the windrow upon ejection. When placing bales parallel to the windrow, the picking up process can be completed up to 35% faster.
Keeping machine maintenance simple is another objective Vermeer is striving to achieve. The bale chamber can be removed for maintenance in a matter of minutes, helping to ensure producers are spending time productively in the field. 'Farmers and ranchers are facing one of the same challenges they did in 1971 when Gary Vermeer introduced the round baler, and that is labor,” said Vermeer executive vice president, Mark Core. “As access to labor in rural areas becomes more limited, we believe the type of innovation needed to design the ZR5 will need to continue to pave the way for more efficiency, productivity and an eventual reduction in labor needed to produce the same amount of feed. I’m happy to say Vermeer is proud to be making this investment in innovation and dedicated to leading the way.” •.
The organiser DLG (Deutsche Landwirtschafts-Gesellschaft e.V.) once again reports excellent booking results for the world’s leading trade fair for agricultural machinery and equipment, Agritechnica, being held at the exhibition grounds in Hanover from 12 to 18 November 2017 (Preview Days on 12 and 13 November). More than 2,800 exhibitors from 53 countries will be presenting their innovations and current further developments under this year’s main theme “Green Future – Smart Technology”. With an exhibition space of around 40 hectares, the Fairgrounds are fully booked. All the leading companies in the industry will be represented with a complete range of their programmes. Agritechnica thus impressively underscores its unfaltering high attractiveness and its position as the world’s most important exhibition for agricultural machinery and equipment.
This year again, DLG is expecting more than 400,000 visitors, including around 100,000 international visitors. Agritechnica is more international than ever before. Nearly 1,700 (59 per cent) of the exhibitors come from outside Germany. This represents a new record level. The largest groups of international exhibitors come from Italy (370 companies), China (110), the Netherlands (109), Turkey (107), France (102), Austria (67), Poland (67), the United Kingdom (57), Canada (56), Spain (55), Denmark (49), Finland (47) and the USA (46).
In addition, 13 countries have booked country pavilions, including for the first time Denmark and Ireland. The trend towards further automation of processes, connected with intelligent data management systems for optimising regulation and control of machinery, logistics, documentation, quality assurance and traceability is forging ahead in the agricultural sector.
By analogy with Industry 4.0, digitising and networking of the value chain as well is becoming increasingly more important in agriculture. Cloud Computing and Big Data have become firmly established concepts. At Agritechnica, manufacturers will be showing a wide range of solutions under the heading “Green Future – Smart Technology”. These will enable farmers to produce even more efficiently and with greater conservation of resources. This is evident from the more than 320 innovations submitted for Agritechnica by altogether 175 exhibitors from 24 countries. The independent committee of experts assigned by DLG to assess them has voted to present the Innovation Award in Gold for two innovations and the Innovation Award in Silver for 29 innovations. Globally a decline in the amount of land available to farms can be observed.
Some 94 per cent of farms worldwide farm an area of up to five hectares. Yet these farms only farm nine per cent of the total agricultural land around the world. However, the farms of up to five hectares in the least developed countries farm around 75 per cent of the agriculturally useful area. The structural change in farming worldwide is proceeding at differing rates.
There is hardly any structural change taking place in the countries of sub-Saharan Africa, the Middle East, North Africa and Latin America, where farm structures are largely stable. By contrast, structural change in the industrialised countries and in South Asia is advancing. Together with this, the degree of mechanisation in these countries is rising. A rapid increase in capital investment can be noted especially in the dynamically growing economies of South Asia.
Despite the structural differences, all farms contribute to global food security. They need access to technologies that allow sustainable increases in productivity. Access to site-adapted farm inputs that increase productivity is also necessary in order to achieve progress in food security.
Finally, innovations are the prerequisites for enabling farms to boost food production while at the same time conserving natural resources. FAO statistics show that especially in sub-Saharan Africa, the Middle East, North Africa and Latin America, the investments in farms are too low to achieve sustainable increases in productivity. The global grain harvest with a record harvest in the Black Sea region is helping to build up stocks and thus produce an environment in which major price increases are improbable.
Despite this there is hope for rising prices for better qualities that are in demand worldwide. And the decline in stocks among grain exporters is nourishing hopes for kinder price developments. However, the record harvest in the Black Sea region is leading to strong competition for grain exports from the EU countries.
Furthermore, the strong Euro is making EU grain exports more expensive. European farmers are looking at the business environment more confidently. The depressed mood prevailing up to 2016 has been overcome.
Both the present business situation and the expectations of business development are being assessed far more positively than was the case in autumn 2016. Willingness to invest is also increasing again. This is demonstrated by the latest results of the DLG-Trendmonitor Europe from autumn 2017, for which 150 farmers each from Germany, France, the United Kingdom, Poland, and for the first time in August 2017 also from the Netherlands and Russia were surveyed. The DLG-Trendmonitor also shows that digitising is still in its infancy in Germany’s agricultural sector. The answers given in response to questions about the use of software in farm management were reserved. Farmers currently make regular use of data transfer to advisory centres and to public authorities in order to submit applications in this way. The use of apps is widespread among farmers.
The apps offer support in daily farm management tasks and can be installed quickly and easily. However, farmers are so far more reserved about using cloud software and decision-support systems. The still inadequate data infrastructure in many regions as well as the continuing uncertainty about data safety and privacy is slowing their use down. However, the trend towards further automation of processes, associated with intelligent data management systems for optimising regulation and control of machinery, logistics, documentation, quality assurance and traceability, is making headway in the field of agriculture and offering new solutions to farmers. New technical solutions are necessary. This is because the challenges worldwide can only be mastered with innovative agriculture that integrates the consistent further developments in knowledge and skills.
One of the basic conditions for this is robust and continuous consensus with society about the agricultural production processes. Progress in agricultural production and production methods and their assessment in society must basically be in harmony with each other. This is no longer the case in some areas at present. That is why the great challenge for agriculture consists in tackling the declining acceptance of modern agriculture in society and developing accepted solutions. A key approach to dialogue with society is formed by the agricultural machinery innovations that make major contributions to farming methods that conserve the environment and resources. Farmers must draw attention to this more in dialogue with society. One information platform for this is Agritechnica with a fireworks of innovations and a top-flight international technical programme.
“I am truly honoured and excited today to be part of the next chapter of what is a historic and iconic company,” says incoming President and CEO, Voss. “The company’s founder, Mr.
George Morris had a vision to help farmers be more productive and he applied a great deal of innovation and ingenuity to his products and the way he manufactured them. I want to continue that tradition and build on that great legacy with even more innovation and success.” Voss, an entrepreneur and successful executive for more than 19 years, also an active Saskatchewan grain farmer and agricultural engineer, will replace former CEO and majority shareholder Casey Davis. Voss and Davis made a joint decision to transition majority ownership to a group of investors led by Voss. Davis remains a minority shareholder of Morris, and will also remain on the board of directors, in an advisory role to the company.
Voss has joined forces with and is backed by private investors including Avrio Capital and Lamont Brown Group. Avrio, has been an active investor in agricultural and food innovation and technology for the past 15 years and the Morris investment marks one of Avrio’s largest investments to date.
Lamont Brown Group is a family office started by Keith Brown, a highly successful entrepreneur who started Trailtech Inc. Both Avrio and Lamont Brown Group are headquartered in Calgary, Alberta. The change in ownership for Morris also marks a significant commitment to growth and re-investment in the company.
Building on the recent announcements for advanced manufacturing technology investments, Morris will be undertaking an ambitious and exciting plan as a market leader, playing a key role in the future of farming around the world. “This sale is a great opportunity for this Western Canadian success story to continue,” says former CEO, Casey Davis. “There are existing and evolving market opportunities that will continue to allow Morris to grow.” According to Voss, the company’s commitment to farm machinery innovation will remain unchanged after today’s announcement. “Our plan ensures Morris remains a Western-Canadian owned and managed company that continues to innovate and serve the needs of farmers and our global partners, positioning ourselves as market leader and a key part of the future of farming around the world,” says Voss.
One of Canada’s oldest and most recognizable farm equipment manufacturers, Morris was started in 1929 by Mr. George Morris. Davis organized the acquisition of Morris in 2007 from Wendy Morris, daughter of Mr. George Morris, and grew the company into the successful enterprise it is today.
Ben Voss joined Morris in 2015 as President and worked closely with Casey Davis to develop a new business plan based on innovation and re- investment into the company’s research and development, manufacturing technology and product line-up. With a strong and committed workforce and management team, along with over 300,000 square feet of manufacturing space in three facilities, in Western Canada.
Morris has a capacity to manufacture and export precision farming equipment that is globally unique. For more information about Morris Industries Ltd., please visit – 30 – Additional Quotes “It is rare to find an opportunity to invest in a company that has all the right ingredients to make a huge impact on the future of global food production in such a meaningful way. Morris not only has the history and track record of more than 89 years of successful innovation, the company has a very bright future that can help farmers grow more food and feed an ever-growing population. Avrio is excited to be part of one of the largest and perhaps most innovative short-line manufacturers in Canada.” Aki Georgacacos, Managing Partner of Avrio Capitol Inc. “From a rock-solid foundation, we are all together today launching the next generation of Morris.
At Lamont Brown Group, agriculture and manufacturing are two of our most intense passions. In addition, we know Morris, Ben Voss and Avrio and we couldn’t be happier that all these ingredients are combined in this very exciting business opportunity.” Keith Brown, Chairman and CEO of Lamont Brown Group. For more information please contact: Ben Voss, P.Eng, ICD.D President and CEO Morris Industries Ltd. Saskatoon, Saskatchewan Telephone: 306.933.8585 Email: Aki Georgacacos, CPA, CFA, CF Managing Partner Avrio Capital Inc. Calgary, Alberta Telephone: 403.215.5492 Email: Keith Brown Keith Brown, CEO Lamont Brown Group Calgary, Alberta Email: •. (August 28, 2017): In response to a growing demand for maintenance professionals within the manufacturing industry, Kondex recently launched a Maintenance Mechanic Apprenticeship program. This four-year, State-indentured program consists of 8,000 combined hours of classroom and on-the-job training working under the Company’s experienced maintenance mechanics.
Schooling can be completed at any participating Wisconsin Technical College, with all tuition, books, and fees paid by Kondex. Upon completion, participants will be recognized as Journeyman Maintenance Mechanics, and be fully prepared for a variety of tasks associated with installing, servicing, and maintaining the proper working condition of production equipment and machinery.
WAKEFIELD, Massachusetts (August 14, 2017)—Alliance Tire Group (ATG) is launching a new website today at with more user-friendly features that allow tire dealers and equipment owners to find tires based on segment, application, tread pattern or size. The new site is optimized for mobile platforms including phones and tablets, as well as for desktop and laptop computers. Visitors to the site can search for tires across ATG’s Alliance, Galaxy and Primex brands, an offering that includes more than 2,000 SKUs. Advanced searches can narrow down selections by machine, rim size, section width, overall diameter, TRA code, construction of the tire or special features like IF/VF, high-speed, high-flotation, steel belts or other features.
The updated will also feature a blog page, updated frequently with entries on developments in agriculture, forestry, construction and other industries in which ATG’s tires are used around the world. A dedicated mobile phone app is in development to complement the new site. Last year, Alliance introduced the Warranty Wizard app to streamline the warranty process. “Our improved website is part of the company’s global focus on creating a great customer experience,” says Brian Sheehey, Vice President of Marketing for Alliance Tire Americas. “Whether it’s the Warranty Wizard app or our new search tools, we are constantly working to make it easier and more productive to do business with ATG.” •.
Ag Growth Announces Second Quarter 2017 Results; Declares Dividends WINNIPEG, Aug. 10, 2017 /CNW/ - Ag Growth International Inc. today announced its financial results for the three and six-month periods ended June 30, 2017, and declared dividends for September, October and November 2017. Trade sales and adjusted EBITDA significantly exceeded previous highs due to AGI's strong market position in the robust Canadian Farm and Commercial markets, improving demand for portable grain handling equipment in the U.S. And the contribution of recent acquisitions as AGI continues to diversify its geographic and end market exposure. Higher sales and a continued focus on operating margins resulted in a significant increase in adjusted EBITDA, profit and profit per share compared to the prior year. 'Strong performance in our Farm and Commercial business units resulted in record second quarter results.' Said Tim Close, President and CEO of AGI.
'We are seeing positive year-over-year increases in many parts of AGI as we focus on our customers and realize the benefit of both organic investment and recent acquisitions. Acquisitions in 2016 and 2017 added meaningful contribution to these results however we are just starting to see the potential of our investments in Brazil, our Fertilizer and Seed platform, our global Commercial platform and our Food equipment division. We have made substantial investments in these initiatives, we are making good progress on each, and we are excited about the near-term growth potential as we pursue our Field to Consumer strategy. We are also continuing to invest in these initiatives in terms of people and capital while exploring new opportunities to expand each platform.' OUTLOOK Sales of Farm equipment in Canada remain very strong and order backlogs are well above the prior year.
As a result, management anticipates third quarter Canadian Farm sales to exceed a very strong 2016 comparative. Hot and dry weather in certain areas of western Canada has the potential to lower yields and expedite harvest, which may lead to higher inventory carryover at some dealers, however the impact in Q4 is not currently expected to be significant. In the United States, improving Farm market dynamics have resulted in higher sales of portable grain handling equipment compared to 2016. Although crop conditions in the U.S. Are not as favourable as at the same time a year ago, management anticipates improving demand dynamics and pent up demand for portable equipment should more than offset the impact of potentially lower crop volumes, and sales in the third and fourth quarters of 2017 are expected to exceed the prior year. Certain areas of western Canada and the United States have experienced hot and dry weather in 2017, which may lower crop yields and impact demand for AGI equipment. NASHVILLE, Tenn.
(July 19, 2017) – Firestone Ag, a business owned and operated by Bridgestone Americas, Inc. (Bridgestone), is committed to sharing its expertise with the brightest minds in farming around the globe. Recently, Firestone Ag hosted 10 Nuffield International Farming Scholars at the Firestone Ag tire plant in Des Moines, Iowa, providing a glimpse inside the tire manufacturing process.
The Nuffield Scholars represented a diverse set of countries and regions, including the United Kingdom, Brazil, the Netherlands, Australia, Ireland and New Zealand. Nuffield International Farming Scholars board members Bill Northey, Iowa Secretary of Agriculture, and Ed Kee, former Delaware Secretary of Agriculture, also were in attendance. BROOKFIED, Wis.
— Understanding the value of delivering diverse, yet targeted content to accommodate the mobility of today’s farmer, Strip-Till Farmer () announces the launch of its webinar series. The brand new video program debuts on Monday, July 19 with “Analyzing a Strip-Till System: A Comparative Breakdown of Practices, Products & Progress,” hosted by Jack Zemlicka, managing editor of Strip-Till Farmer. This free, live webinar will evaluate and compare results of the just completed 4th Annual Strip-Till Operational Benchmark Study with prior years to include to include shifting equipment preferences, berm-building strategies, fertilization practices and precision technology adoption. A record 446 farmers from 20 states and Canada who identified themselves as strip-tillers participated in the 2017 study, which revealed a 12% increase in reported strip-till acres to nearly 470,000 along with an all-time high of 75% of total acreage in a strip-till system. “Our new webinar series is a natural extension of our established online resources and the National Strip-Tillage Conference to provide the strip-till community with a convenient, accessible way to see and hear from their peers sharing actionable, profitable information,” says Zemlicka. The first episode of the Strip-Till Farmer webinar series is sponsored. To register for the free event, visit.
About Strip-Till Farmer Now in its 7th year, Strip-Till Farmer was launched by Lessiter Media Inc. () as a twice-a-month e-newsletter and has now grown to include a dedicated website, podcast series and the annual National Strip-Tillage Conference, delivering news and information to farmers on best practices to improve strip-till methods, production and profitability. OMAHA, Neb., June 26, 2017 /PRNewswire/ -- Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and mechanized irrigation equipment and services for agriculture, announced today that its board of directors has named Stephen G.
Kaniewski as President and Chief Executive Officer effective December 31, 2017, the first day of Valmont's fiscal 2018. Kaniewski will succeed Mogens C. Bay, Valmont's Chairman and CEO, who will become Executive Chairman on December 31, 2017, for a transitional period. 'Steve Kaniewski is very well prepared to lead Valmont into the future,' said Mr. 'His broad experience with Valmont in information technology, operations and general management gives me great confidence in handing over the reins to him. He is a team oriented, effective leader and is greatly respected throughout our organization.
Steve is a result-oriented executive with a keen sense of what needs to be done to continue to drive profitable growth for our company. Our company will be in good hands.' Kaniewski has been Valmont's President and Chief Operating Officer since October 2016. Prior to that he was Group President of Valmont's Utility Support Structures Segment. Steve joined Valmont in 2010 as Vice President, Information Technology and also has held the position of Vice President, Global Operations for the Irrigation Segment. 'Valmont is in great businesses, with leadership positions around the world,' said Steve Kaniewski. 'We operate in businesses with strong, long term and global drivers.
I am honored to have been chosen to lead the company as we continue our growth while staying close to our proven strategies. I look forward to leading all of our dedicated employees and protecting the Valmont culture that has set us apart in the marketplace.' SOURCE Valmont Industries, Inc.
DODGE CITY, KS --- Western Kansas Manufacturers Association (WKMA) is gearing up for the 63 rd Annual 3i SHOW. The 3i SHOW boasts a little something for everyone! The show will be held October 12, 13, and 14, 2017, at the Western State Bank Expo Center in Dodge City, Kansas. Show hours will be from 9 a.m. Thursday and Friday, and 9 a.m. An agricultural showcase, the 3i SHOW provides a face-to-face, hands-on selling environment with information to assist with farm and ranch buying decisions.
All types of agricultural equipment and services are on display each year, including cattle handling equipment, crop protection information, farm machinery and equipment, trucks and truck equipment, pickup trucks and more. Those interested in exhibiting should contract space TODAY to get as much publicity as possible as many marketing deadlines are fast-approaching! Risk Management, Internet Marketing and other informational and educational sessions are being planned! High School Ag Career Day will be held opening day, offering high school students the opportunity to learn about careers in agriculture. The Kansas Department of Wildlife will return with their Genesis compound bows, arrows, targets and an arrow stop for attendees to experience archery with the help of trained instructors. In addition, the 3i SHOW hosts many other events, including health programs, consumer product and safety demonstrations, congressional forums, antique tractor and truck displays, educational fun and a variety of food booths.
For complete information, visit, or contact the WKMA office directly toll-free at 877-405-2883 or locally at 620-227-8082. To receive continued updates and information about the 3i SHOW and upcoming events, like the 3i SHOW Facebook Page and follow them on Twitter and Google+. “Sentry is a growing company,” said Pete McPartland, Sentry’s chairman of the board, president, and CEO. “The 1501 North Point building will accommodate our growth, and give us more flexibility with other aspects of our campus.” The building features a myriad of customizable office spaces, along with meeting and conference rooms. It will include an on-site cafeteria, fitness and wellness centers, and health services. The complex will also include a four-story parking ramp, terrace and gardens, and indoor/outdoor spaces for associates to take breaks. The new building will be located on the southwest corner of Division Street and North Point Drive.
Sentry purchased the land in 2011 with an eye toward future growth and improving the entrance to the city. Site preparation work began in 2016. Findorff & Son Inc., of Madison, will oversee construction.
The building and campus was designed by Flad Architects of Madison, the same company that designed the Sentry headquarters, which was built in 1977. “We are pleased to partner with J.H.
Findorff and Son, and Flad and Associates,” said Ken Erler, Sentry’s chief administrative officer. “We’re confident the design and craftsmanship of the office will result in a facility that will delight Sentry associates, and be a source of pride for the community.” Heavy construction will take place in earnest during the remainder of the summer with the project timeline calling for the building and campus to be complete in late 2018. Sentry has a long history in Stevens Point. Hardware Dealers Mutual Fire Insurance Company of Wisconsin—Sentry’s original name—moved from Berlin, Wisconsin, to Stevens Point in 1912. Sentry has been a stalwart of Stevens Point and central Wisconsin since.
The company employs about 2,500 people in the Stevens Point area. About Sentry: Sentry Insurance is one of the largest and most financially secure mutual insurance companies in the United States, holding an A+ (superior) rating from A.M. Sentry and its subsidiaries sell property and casualty insurance, life insurance, annuities, and retirement programs for business and individuals throughout the country. Headquartered in Stevens Point, Wisconsin, Sentry employs more than 4,000 associates in 41 states.
See a complete list of. Download Free Software Phantasy Star Zero Patch Italia there. Morris brings over 20 years of marketing experience, holding senior positions with Microsoft, Symantec and AutoZone. Most recently, he served as Trimble's senior director of marketing and product management. Morris also founded Pacific Marketing Partners, where for seven years he and his team managed large-scale marketing campaigns for accounts such as Microsoft, Nordstrom, Starbucks, Amazon, Mercedes Benz and Toyota. 'Jeff has extensive experience driving customer-facing solutions in hardware, software and data analytics,' said Dave Vaughn, president and CEO of AgJunction.
'He brings a unique set of skills that he demonstrated while developing and launching major marketing initiatives, such as Microsoft Office and a project with Ford Motor Company which led to the introduction of Ford SYNC. He also spearheaded the development of AllData Mobile for AutoZone, focusing on vehicle information and diagnostics through mobile devices with Bluetooth. 'While at Trimble, he created and launched Trimble PULSE and secured a partnership with Caterpillar to resell Trimble FSM on-highway telematics. These skills, along with international experience acquired while serving as Microsoft OEM division manager, where he was responsible for Asia Pacific, Africa and India, are exactly what AgJunction needs as the adoption of precision agriculture continues in the direction of the machine builders.' Morris holds a Bachelor of Science degree in Marketing and Computer Science from Seattle Pacific.
About AgJunction AgJunction () provides innovative hardware and software applications for precision agriculture worldwide. The Company holds more than 140 patents and markets its products and services under leading brand names including Novariant, Outback Guidance® and Satloc®.
The Company is headquartered in Hiawatha, Kansas, with facilities in Silicon Valley, Scottsdale, Arizona, Calgary, Winnipeg, and Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol 'AJX.'
For more information, please go to. Howard Dahl and Matt Rushing are co-chairmen of the AGCO-Amity board of directors. 'Keith has a proven record leading sales and marketing, as well as strong product knowledge and product development experience. Plus, he brings with him significant global agricultural experience,' remarks Dahl. Rushing adds, 'He will be responsible for leading all functions of the organization, including leadership of operations and sales and marketing through strategic development of innovative, agronomic, and value-added tillage and seeding solutions for our customers.'
Building on the success of the first 3 events, the 4th Annual National Strip-Tillage Conference, from the editors of Strip-Till Farmer, will feature nearly 40 presentations during two education-packed days on Aug. 4-5 at the Embassy Suites Omaha-La Vista Hotel & Conference Center in Omaha, Nebraska. The unique event brings together a diverse group of top strip-tillers, consultants and researchers, suppliers, dealers and manufacturers who share experience-based tips and techniques that both veteran and recent adopters of strip-till can immediately in their operations. The complete 2017 conference program, available at, contains 7 general-session speakers, 12 classrooms and 26 roundtables over a fast-paced 32 hours of in-depth learning. Registered attendees can also attend a members-only special 3-hour, interactive strip-till workshop featuring cover crop guru Steve Groff of Cover Crop Coaching. The 8-page program can be viewed.
The event is co-sponsored by Strip-Till Farmer and 12 industry-leading Title Sponsors, including,,,,,,.,,, and About Strip-Till Farmer: Strip-Till Farmer and the National Strip-Tillage Conference are managed by Lessiter Media, Inc., Brookfield, Wis. Lessiter Media’s Ag Division properties include Farm Equipment, No-Till Farmer, Precision Farming Dealer, Rural Lifestyle Dealer, National No-Tillage Conference, Conservation Tillage Guide, Dealership Minds Summit, Precision Farming Dealer Summit, National Strip-Tillage Conference, Farm Catalog, Dryland No-Tiller, Ag Equipment Intelligence, On The Record and Strip-Till Farmer. Contact Dallas Ziebell Marketing Manager, National Strip-Tillage Conference 262-777-2412 •.
Prior to Fastline Media Group, Stephen was at Louisville Stoneware. Previously, she spent 14 years in the hospitality industry at the Louisville Convention and Visitors Bureau. A University of Dayton graduate with a bachelor’s of arts in communication, Stephen served as president of the Louisville area alumni chapter for two years. She is a member of the Bluegrass Chapter of the Public Relations Society of American and a 1998 Focus Louisville and 2004 Ignite Louisville graduate – both programs by Leadership Louisville. Her promotion was effective May 12, 2017. Myers Spring Company of Logansport, Indiana was recently recognized by the Indian Trails Career Cooperative Program as a Business Partner for hosting two interns from Carroll High School, Carroll County. The objectives of Indian Trails and Myers Spring converged nicely when Bradley Brummett, who will be attending Purdue University this fall, and Andrew Hartman interned at Myers Spring for 4 months in 2017.
Brummett and Hartman were exposed to CAD, PLC programming and many more aspects of modern manufacturing. They completed several valuable projects in the process. Tyler Sausaman, a Carroll High School teacher, nominated Myers Spring for the award.
Revenue for the quarter was $79.5 million, down $1.5 million from the prior year second quarter. Revenue for the first 6 months of 2017 was $126.7 million, up $9.4 million from 2016.
Weak commodity prices continue to contribute to reduced sales levels for the company. Orders in North America have returned to near historical levels, with the company seeing an increase in sales to the U.S. Sales to Eastern Europe have remained steady. Sales for 2017 are expected to be up slightly over 2016 sales. While demand for agricultural equipment continues to be slow resulting from lower commodity prices, the company has experienced higher levels of demand for equipment in 2017 compared to 2016. Dealer inventory levels for high horsepower tractors are down in the U.S.
From last year, which will create opportunities when demand for new equipment increases. The company continues to pursue increases in market share of agricultural equipment. Profitability from operations is expected to increase during the year resulting from actions taken by the company to reduce cost. Margin levels are still expected to be weak due to competition for equipment sales and the weaker Canadian dollar that continues to have a significant negative impact on the company with parts purchased in U.S.
Farm Equipment has announced the agenda and presentation lineup of the 2017 Dealership Minds Summit, built around the theme of 'Roadmap to Mastering Equipment Remarketing.' To be held at the Embassy Suites Omaha-La Vista Hotel & Conference Center in downtown Omaha on August 1-2, 2017, the 2017 Dealership Minds Summit will feature the largest gathering ever assembled of equipment remarketing experts. Discussing the decision to theme the 2017 event around equipment remarketing, Farm Equipment managing editor Kim Schmidt noted that many farm equipment dealers have the same questions when it comes to managing used equipment inventories and remarketing equipment: 'Managing used equipment inventories and remarketing equipment is the biggest challenge facing farm equipment dealerships today. On the advice and expertise of our Dealership of the Year Alumni and Editorial Advisory Board, we’ve assembled a program around the top remarketing minds in the industry, sure to spark inspiration in how to apply their ideas at any dealership.'
A once-every-2-years conference and networking event designed exclusively for dealer-principals, top-level management and executives from farm equipment dealerships of all colors, sizes and locations, the agenda for this dealer-only event expands upon the popular formula of past Summits. A no-time-wasted 2-day program will feature extensive networking opportunities, panel presentations, informal peer-to-peer roundtables and general session presentations exploring real-life remarketing approaches related to topics such as equipment valuation, inventory planning, compensating salespeople, and financing & leasing..
Planned and executed with the help of the Farm Equipment Dealership of the Year Alumni Group and Editorial Advisory Board, the speaker lineup includes 14 leading equipment remarketing experts representing more than $2.8 billion in annual revenue, including 5 who represent dealerships claiming Farm Equipment's Dealership of the Year honors. To view the complete, 8-page program,. An Early-Bird Registration discount is available through June 15, 2017. Sponsors of the 2017 Dealer-Only event include:,,,,,,,,,,,, and. To review the program and to register for this limited-seating event, visit. (1) See 'Non-IFRS Measures'. (2) See 'Basis of Presentation' in the MD&A for the three-month period ended March 31, 2017. (3) See 'Adjusted EBITDA'.
(4) See 'Diluted profit (per share) and Diluted adjusted profit (per share)' below in Summary of Results. Trade sales and adjusted EBITDA significantly exceeded record 2016 results due to robust demand in Canada, higher international sales and the impact of acquisitions.
Strength in the Canadian Farm market was complemented by higher Farm sales in the U.S., which increased 18% over Q1 2016. Farm backlogs in both Canada and the U.S. Are substantially higher than at the same time in 2016. Robust demand in Europe, the Middle East and Africa ('EMEA') and the Black Sea region resulted in higher international sales and an increase in international sales order backlog compared to the prior year.
Trade sales from acquisitions in the quarter were $30.0 million. Higher adjusted EBITDA was offset by transaction costs related to the acquisition of Global Industries, Inc. ('Global') and increased share based compensation expenses, resulting in a small decrease in profit and diluted profit per share compared to 2016. 'We saw broad based strength across AGI in the first quarter as many international Commercial projects moved off the drawing board into development, the US Farm market began showing signs of a rebound and Canadian Commercial and Farm markets remained robust.' Said Tim Close, President and CEO of AGI. 'During the quarter we also completed the acquisition of Global Industries and in doing so welcomed a great team of people, added leading brands and dealers, and significantly increased our platform in the US.
Our project in Brazil is on track due to some outstanding work from across AGI to fast track the design and construction of our facility and tackle the engineering required to support our product transfer. With robust backlogs across AGI we are seeing positive signs for continued strength in 2017.' Diluted profit (per share) and Diluted adjusted profit (per share) A reconciliation of profit and diluted adjusted profit per share to adjusted profit and adjusted diluted profit per share is below.
(1) See 'Non-IFRS Measures' OUTLOOK The Farm market in Canada remains robust as Canadian farmers benefit from the positive economics of a favourable crop mix and a weak Canadian dollar. A large crop in 2016 contributed to strong in-season sales and resulted in low inventory levels throughout AGI's distribution network that, along with a general expectation of strong end-user demand in 2017, has resulted in sales order backlogs significantly higher than the prior year. The Farm market in the U.S. Remained weak in 2016 as farmer net income continued to be affected by low corn and soybean prices. In 2017, however, early signs of a recovery in demand for AGI product appear to be forming, particularly for portable grain handling equipment. Management postulates the significant increase in sales order backlog for our Farm equipment reflects marginally improved economics for some farmers and the product replacement cycle for portable grain handling equipment. It remains too early in the crop year to confidently predict higher demand for Farm equipment throughout 2017, however management is cautiously optimistic that recent activity is an indicator of a modest improvement in the U.S.
The demand environment for AGI's Commercial business remains positive for several reasons including the global trend towards higher crop volumes, infrastructure deficiencies in many grain producing and importing regions of the world, the drive towards improved efficiencies in a mature North American market, the dissolution of the Canadian Wheat Board and the evolution of retail fertilizer distribution. Excluding acquisitions, AGI's Commercial backlog is relatively flat compared to the same time in 2016 as a higher international backlog is partially offset by lower backlogs in North America. Management anticipates the Commercial backlog may increase substantially in the near-term as several projects in Canada, South America, EMEA and the Black Sea region come to fruition. Overall, management expects sales of Commercial equipment in 2017 will significantly exceed the prior year, largely due to growth in offshore sales.
AGI acquired Global on April 4, 2017. Consistent with AGI's Farm business in the U.S., Global's results in recent years have reflected weakness in the U.S. Farm market and its normalized EBITDA averaged approximately U.S. $11.5 million over the three years ended November 30, 2016, with fiscal 2016 being below the three-year average. AGI anticipates a modest recovery in the U.S. Farm market in 2017 that should likewise benefit Global's' business. AGI completed several acquisitions in 2016 and the inclusion of a full twelve months of results from NuVision (acquired April 2016), Mitchell (July 2016) and Yargus (November 2016) in fiscal 2017 is expected to increase EBITDA compared to the prior year.
In addition, management believes the combination of these entities has created a market leading fertilizer platform and accordingly expects to organically grow sales for each of these businesses. AGI entered the Brazilian market through its purchase of Entringer in March 2016, and soon after commenced construction of a new production facility that will house both Entringer products and many of AGI's North American product lines. Management anticipates the new facility will be fully commissioned in the second half of 2017. AGI has focused efforts in 2017 on growing its Farm and Commercial business in Brazil while at the same time transferring product knowledge from North America to Brazil and investing in people to prepare for future growth.
On balance, management anticipates adjusted EBITDA in Brazil will be slightly positive in the second half of 2017. Demand in 2017 will be influenced by, among other factors, weather patterns, crop conditions and the timing of harvest and conditions during harvest. Planting in many areas of North America has been delayed by wet conditions that, if the delays persist, may lower crop production in certain regions. Changes in global macroeconomic factors as well as sociopolitical factors in certain local or regional markets and the availability of credit and export credit agency support in offshore markets also may influence sales, primarily of Commercial grain handling and storage products. Consistent with prior periods, Commercial sales are subject to the timing of customer commitment and delivery considerations. AGI's financial results are impacted by the rate of exchange between the Canadian and U.S. Dollars and a weaker Canadian dollar relative to its U.S.
Counterpart positively impacts profit and adjusted EBITDA. The Company has mitigated its exposure to higher input costs though procurement of steel at lower prices, sales price increases and limiting the length of time commercial quotes remain valid. However, AGI's results in 2017 may be impacted by higher steel prices. On balance, based on current conditions, management anticipates record sales and adjusted EBITDA in 2017 will result from strength in the Canadian Farm market, a modest recovery in the U.S. Farm market and an increase in international sales.
In addition, inclusion of a full twelve months of results from the 2016 acquisitions of NuVision, Mitchell and Yargus, and results from Global, are expected to significantly contribute to sales and EBITDA in 2017. Dividends AGI today announced the declaration of cash dividends of $0.20 per common share for the months of June, July and August 2017.
The dividends are eligible dividends for Canadian income tax purposes. AGI's current annualized cash dividend rate is $2.40 per share. The table below sets forth the scheduled payable and record dates.
Alamo's Agricultural Division net sales in the first quarter of 2017 were $51.8 million compared to net sales of $48.7 million in 2016, an increase of 6.4%. Despite continuing weakness in the overall agricultural market, the Division's results benefited from the broad market appeal for its range of products and were further aided by new product introductions. Ron Robinson, Alamo Group's President and Chief Executive Officer, commented, 'We are very pleased with our performance in the first quarter of 2017 and glad to have a good start to the current fiscal year. Given the headwinds which we have faced in a number of our markets, we were pleased to have some sales growth and more importantly, to have so much of this growth flow straight to the bottom line. This provided record results for our Company even compared to last year's first quarter which was itself a record quarter.
'Our Agricultural Division once again had a good quarter despite ongoing soft market conditions. We benefited from broad applicability of our range of products combined with several marketing initiatives and results were further enhanced by new product introductions. We believe this Division should further benefit from improved market conditions which are anticipated in either late 2017 or 2018.' Art spent some time in the early 70's serving in the Army where he received the National Defense Service Medal and a Sharpshooter Badge. Once Art was done with his service he started working at Kirby Manufacturing in Merced. While at Kirby, he began working his way up through the company holding many positions until eventually reaching the position of General Manager which included handling international sales. Art was very devoted to his job and was able to travel the world abroad promoting/selling Agricultural Equipment to countries who needed his service.
At the time of his passing, he was still working at the company and was more devoted than ever due to his love for the job and the Kirby family. When Art wasn't working, he loved spending time with his family and friends, taking part in many social functions in the community.
Art had a strong love for music whether he was attending a concert or creating his own with his guitar at home. Art also enjoyed taking care of his property in Mariposa doing various types of work to maintain the beauty of the land. A celebration of his life will be held at the Merced Elks Lodge, 1910 'M' Street on Sunday, May 7th commencing at 11:00 a.m. - See more at: •. SEGUIN, Texas, May 2, 2017 -- Alamo Group Inc. (NYSE: ALG) announced that it has entered into an agreement to acquire 100% of the outstanding capital shares of Santa Izabel Agro Industria, LTDA (“Santa Izabel”), a privately held company owned by Soufer Industria Ltda.
Santa Izabel, located in Sao Joao da Boa Vista, SP, Brazil, designs, manufactures and markets a variety of agricultural implements and trailers sold throughout Brazil. Santa Izabel has been serving this market for over 60 years.
Santa Izabel’s sales in 2016 were approximately US $12.6 million and the purchase is expected to close in the second quarter of 2017. Ron Robinson, Alamo Group’s President and Chief Executive Officer commented, “We are pleased to have Santa Izabel as part of the Alamo Group. They are firmly established in the Brazilian market and have a modern, well equipped manufacturing facility. They are also near our existing Herder operation in Brazil, which we acquired in 2015.
This acquisition enhances our platform for growth by increasing both our product portfolio and capabilities in one of the world’s largest agricultural markets. And, we feel the timing is good as the agricultural market in Brazil starts to rebound from the declines of the last several years.”. Winnipeg, MB, April 4, 2017 – Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) is pleased to announce it has acquired 100% of the outstanding shares of Global Industries, Inc. (“Global”) for U.S. $100 million. Global is a diversified manufacturer of grain storage bins, portable and stationary grain handling equipment, grain drying and aeration equipment, structural components, and steel buildings.
Global has four divisions located in Nebraska and Kansas, production capacity in South Africa, and warehouses in the U.S., Europe, Australia and Africa. Global’s product catalogue and domestic and offshore geographic sales are highly complementary to AGI’s existing footprint, and are expected to substantially expand AGI’s North American and international grain handling, drying and storage platforms in both Farm and Commercial segments. • Complementary product catalogue adds grain dryer line and strong on farm stationary handling capabilities • Improves grain bin and handling distribution reach across the U.S. And internationally • Broadens geographic reach with access to new offshore customers • Transaction expected to be immediately accretive and provide significant synergy opportunities • Balance sheet expected to remain strong following concurrent convertible debenture offering See full press release •. As a manufacturer, how do you showcase your facility to 2,100 middle school students who might someday consider working for you? The answer for AEM member Kondex Corporation was participation in a virtual tour through a program called Career Connections Academy. Organized by Fond du Lac Works, a division of the Fond du Lac (Wisconsin) Area Association of Commerce, Career Connections Academy takes students on virtual tours through several Fond du Lac-area businesses and gives them a glimpse of the many jobs that are offered in the fields of manufacturing, healthcare, services and agriculture.
Seventh- and eighth-graders from six area school districts plus three other schools took part in the program on January 11 and 12 at the Fond du Lac campus of Moraine Park Technical College (MPTC). “Knowing that it’s never too early to encourage students to think about what they might want to do after graduating from high school, this program specifically targeted seventh- and eighth-grade students, providing them with the opportunity to explore career pathways in a fun and interactive format,” said Bernadette Seefeld, director of educational programs at the Fond du Lac Area Association of Commerce. More than 100 area business representatives and MPTC faculty members came together over the course of the two-day program to teach students about careers, local businesses and the level of education needed to do various jobs. Diane Riley, Kondex marketing manager, was present to answer questions after the company’s video was shown to students. In addition, Casey Placek, Kondex lead metallurgist, was in a separate classroom to teach students about the basics of metallurgy. Leading the virtual tour at Kondex was Ahmoni Gonzalez, a middle-schooler selected for the part based on the creativity and personality displayed in his audition video. “Students learned that there are many career options available along with varying levels of post-secondary education and/or training needed for the different roles,” Seefeld said.
“By showcasing local businesses at the event, we were able to show students that there is a lot of opportunity right in their own backyard.” Participation in Career Connections Academy is part of Kondex Corporation’s strategy of developing touch-points with students throughout the time when they are making career decisions, said Mike Frydryk, vice president of human resources and organizational development at Kondex. Altogether, Frydryk said, Kondex engages in 15 different initiatives to attract and retain student talent. These efforts have paid off, with more than a dozen well-qualified new associates coming on board in the past few months at Kondex as business begins to pick up in the agriculture and turf product industries. Another way Kondex has been contributing to the community is by donating to the local schools. ‘We all know the saying, “One man’s trash is another man’s treasure.” This couldn’t be more true for a recent donation of scrap bar stock. Nearly 900 pounds of 1/4″x4″x10′ steel was gifted to Campbellsport High School for use in their Technical Education Department for students to practice welding. What was once leftover from an old project suddenly has a new, educational purpose to support our future manufacturers.
Kondex had spoken to area schools about their difficulty obtaining materials for welding. When this steel was determined unnecessary for production work, the Company knew exactly where it would make a meaningful impact. “This was a difficult bar stock, it was surplus at Kondex, and the students have used it for many projects,” commented Kondex President Jim Wessing. “We hope that other employers in the area will do the same thing. This is great for our community and for the state.” Kondex recycles more than two million pounds of steel scrap each year. Much of this scrap is metal shavings from machining or casings from stamped components manufactured at Kondex.
This effort is part of our commitment to environmental sustainability and maintaining ISO 14001 accreditation. Kondex also provided financial support to students from the University of Nebraska-Lincoln who attended the Agricultural Equipment Technology Conference. Kelley Manufacturing Co. Has named Jimmy Laska as its new Director of Sales and Marketing. In his position Laska is responsible for driving sales and promotional advertising of KMC equipment. Laska stated, 'I'm very excited to be joining the KMC family!
Kelley Manufacturing has not only been an industry leader but a huge supporter of our local economy by employing more than 200 people.I'm proud to be wearing the KMC hat and look forward to calling on my many friends in agriculture in promotion of our equipment lines.' Most recently, Laska worked as a DuPont Crop Protection SE Sales Manager/Agronomist in GA, FL, and AL. He owned and operated a crop consulting business in South GA and also specialized in Nematology owning a soil processing lab for more than 12 years. Laska was employed by UGA for more than 17 years as a research coordinator working in peanuts, tobacco, vegetables to name a few. A longtime resident of Tifton, GA, Jimmy has a vast array of sales experience and has hit the ground running.
Please feel free to reach out and contact him with any sales inquiries you may have. Hiawatha, KS, March 20, 2017 – AgJunction, Inc. (TSX:AJX), a leading provider of innovative hardware and software solutions for precision agriculture, is pleased to announce a new strategic agreement with Hemisphere GNSS, Inc., a world-class provider of global navigation satellite systems(GNSS) technology. For an undisclosed, one-time payment and a new long-term supply agreement, AgJunction has agreed to release Hemisphere from a license restriction that prevented them from selling their GNSS products directly into the global agricultural market. Supply and market restriction agreements previously created between AgJunction and Hemisphere ended in 2016 while the market restriction agreements continued indefinitely.
The agreement is expected to provide customers a more direct relationship with their GNSS supplier, creating better efficiencies for original equipment manufacturers, value-added resellers and growers alike. This agreement is also consistent with AgJunction’s desire to provide its steering customers the ability to choose among several possible GNSS options. Regarding the agreement, Dave Vaughn, CEO of AgJunction said: “AgJunction is pleased with the signing of this agreement as it will insure our customers, who have chosen Hemisphere’s GNSS receivers and antenna technology, direct access and an uninterrupted supply.
As a leader in the precision steering machine control business, it is incumbent upon us to provide the GNSS solution our customers prefer, and this agreement does just that.” This agreement does not affect AgJunction’s exclusive right to sell certain steering and machine control technology covered by the Company’s extensive IP portfolio into the agriculture market. Hemisphere’s President & CEO, Farlin Halsey, stated, “Hemisphere is excited to work more directly with our OEM agriculture partners. This new supply agreement will forge a deeper relationship, providing faster response to sales and support requests and increased customer feedback, resulting in stronger innovation and solutions.” Halsey added, “We would also like to thank AgJunction, and look forward to both companies’ future success.” Specific terms of the transaction were not disclosed. Source: AgJunction news release •. R&R Engineering Co.
Recently completed a 30,000-square-foot addition to its facility in Summitville, Ind. The addition is the 11th in 22 years and brings the total operating space for the company to 230,000 square feet. George Yip Internationalisation Drivers more. An announcement from the company said the increased capacity allows R&R to hold more finished goods and raw materials to provide customers the just-in-time inventory they need. R&R, which has been manufacturing bent bolts for 48 years, has also been an Association member company since 2007. It makes U-bolts, double-end studs, single-end studs, fully threaded studs, V-bolts, and other threaded wire forms.
Trade sales and adjusted EBITDA were at record levels in 2016 as AGI continued to diversify its geographic and end market exposure through strategic acquisitions in Canada, the U.S., Brazil and Europe. AGI’s increased market presence in North America and offshore allowed the Company to benefit from an active Canadian Farm market, robust North American demand for Commercial grain handling equipment and strong demand for grain storage in EMEA. Adjusted EBITDA from divisions acquired in 2015 and 2016 was $39.1 million (2015 – $8.4 million). Excluding acquisitions, AGI’s adjusted EBITDA decreased 6% as strength in the North American Commercial market was offset by a soft U.S. Farm market and lower international Commercial project sales. Profit and profit per share increased significantly over 2015 due largely to the higher adjusted EBITDA, a smaller loss on foreign exchange and a $9.2 million unrealized gain on the Company’s equity compensation swap. “We had a busy fourth quarter at AGI with record sales and adjusted EBITDA and a significant acquisition with Yargus Manufacturing joining the AGI family.” said Tim Close, President and CEO of AGI.
“These results cap off a full year of similar themes as we grew full year sales by 25% and adjusted EBITDA by 37%. We have an outstanding group of people at AGI who are passionate about our business and helping our customers. We want to thank everyone on the AGI team for an outstanding 2016 and our shareholders for their continued support.” (thousands of dollars) Year Ended December 31 2016 2015 Trade sales 1 546,616 438,910 Adjusted EBITDA 1 100,429 73,337 Adjusted EBITDA% 2 18.4% 16.7% Profit (loss) 19,306 (25,229) Diluted profit (loss) per share $1.29 $(1.81) Adjusted profit 1,3 36,545 32,490 Diluted adjusted profit per share 1,3 $2.44 $2.33 OUTLOOK AGI’s North American Farm business is comprised primarily of portable grain handling equipment and Westeel’s storage business. The Farm market in Canada was very strong in 2016, as Canadian farmers benefited from a favourable crop mix, the positive economics of a weak Canadian dollar and a large crop. In general, market participants expect strength in the Canadian Farm market to continue in 2017. The Farm market in the U.S., however, has experienced weakness in 2015 and 2016 as a significant drop in corn and soybean prices, without an immediate corresponding decrease in input costs, resulted in a severe reduction in farmer net income.
In total, AGI’s North American Farm sales decreased for the second consecutive year in 2016. However, early signs of a recovery in demand appear to be forming.
In the first two months of fiscal 2017 new orders have increased over 30% compared to the prior year and current order backlogs are significantly higher than at the same time in 2016. While it is too early in the crop year to confidently predict higher demand for Farm equipment in 2017, management is cautiously optimistic that recent activity is an indicator of a modest improvement in the North American Farm sector.
AGI’s Commercial business is comprised primarily of high capacity grain handling and conditioning equipment, larger diameter storage bins and the design, supply and installation of fertilizer distribution sites. The demand environment for AGI’s North American Commercial business remains positive due to the longer-term trend towards higher crop volumes, the drive towards improved efficiencies in a mature market, the dissolution of the Canadian Wheat Board and the evolution of retail fertilizer distribution. Entering 2017, AGI’s North American backlog for Commercial equipment was higher than at the same time in 2016, however it is expected first quarter sales may be constrained due to project timing. In general, management anticipates continued strong demand for North American Commercial equipment in 2017.
Offshore, the commercial infrastructure in many grain producing and importing countries remains vastly underinvested resulting in significant global opportunities for AGI’s Commercial business. In 2017 management anticipates an increase in large international project sales compared to the prior year as delayed customer commitments come to fruition.
In addition, management expects another strong contribution from its Italian subsidiaries Frame and PTM as backlogs remain high and quoting activity in EMEA and elsewhere remains robust. Our international project backlog is well above 2016 levels and we anticipate that variance will grow as customers commit to larger project sales. Overall, management anticipates a significant increase in international sales compared to the prior year. AGI completed several acquisitions in 2016 and the inclusion of a full twelve months of results from NuVision (acquired April 2016), Mitchell (July 2016) and Yargus (November 2016) in 2017 is expected to increase EBITDA compared to the prior year. In addition, management believes the combination of these entities has created a market leading fertilizer platform and accordingly expects to organically grow sales for each of these businesses. AGI also acquired Brazilian-based Entringer in March 2016 and soon after commenced construction of a new production facility to house both Entringer products and many of AGI’s North American product lines.
Management anticipates the new facility will be in limited production in the second quarter of 2017 and will be fully commissioned in the second half of the year. In 2017, the Company will continue to focus on growing its Farm and Commercial business in Brazil while at the same time transferring product knowledge from North America to Brazil and investing in people to prepare for future growth. On balance, management anticipates adjusted EBITDA in Brazil will be slightly positive in 2017.
Demand in 2017 will be influenced by, among other factors, weather patterns, crop conditions and the timing of harvest and conditions during harvest. Changes in global macroeconomic factors as well as sociopolitical factors in certain local or regional markets and the availability of credit and export credit agency support in offshore markets also may influence sales, primarily of Commercial grain handling and storage products. Consistent with prior periods, Commercial sales are subject to the timing of customer commitment and delivery considerations. AGI’s financial results are impacted by the rate of exchange between the Canadian and U.S. Dollars and a weaker Canadian dollar relative to its U.S. Counterpart positively impacts profit and adjusted EBITDA.
The Company has mitigated its exposure to higher input costs though procurement of steel at lower prices, sales price increases and limiting the length of time commercial quotes remain valid. However, AGI’s results in 2017 may be impacted by higher steel prices. On balance, based on current conditions, management anticipates sales and adjusted EBITDA in 2017 will exceed 2016 results. Inclusion of a full twelve months of results from the 2016 acquisitions of NuVision, Mitchell and Yargus, and anticipated synergies derived from the creation of a market leading fertilizer platform, are expected to significantly contribute to sales and EBITDA in 2017. Positive conditions in Canada are expected to lead to robust demand for portable handling, aeration and storage equipment. In the U.S., management anticipates a modest increase in demand for Farm equipment as market conditions incrementally improve and farmers replace older equipment.
Finally, international sales are expected to benefit from a higher opening backlog and increased large project sales. AGI’s financial statements and MD&A for the three and twelve-month periods ended December 31, 2016 can be obtained at and will also be available electronically on SEDAR () and on AGI’s website (). 21st Century will conduct several strip till field comparison trials this crop year to validate learnings from the 2016 crop year. “We are proud of this new partnership with 21st Century Equipment,” said Brent Brueland, ETS Sales VP. ETS has experienced significant growth in recent history, a trend that is expected to continue as more growers realize the benefits of focusing on soil health. “ETS is in a prime position to expand and reach our next business milestone with the support from their sales and service team.” •. SEGUIN, Texas, March 7, 2017 /PRNewswire/ -- Alamo Group Inc.
(NYSE: ) today reported results for the fourth quarter and year ended December 31, 2016. Highlights • Net sales for the fourth quarter of $205.5 million, down 8.4% from previous year's record level • Net sales for full year of $844.7 million, down 4.0% from the previous year's record level • Backlog at $147 million, up versus previous quarter, down versus last year • Total debt, net of cash, down $63.9 million for the year Alamo's Agricultural Division recorded net sales of $48.9 million in the fourth quarter of 2016 compared to $47.9 million in the prior year, an increase of 2.1%. This was achieved despite ongoing weakness in the overall agricultural market. For full year 2016, the Division's net sales were $205.8 million versus $208.3 million in 2015, a decrease of 1.2%. Results for the Quarter Net sales for the fourth quarter of 2016 were $205.5 million compared to net sales of $224.4 million in 2015, a decrease of 8.4%. The decrease in sales was a result of the ongoing headwinds the Company has experienced including softness in sales of Industrial Division products to non-governmental entities, weak European market conditions, changes in exchange rates which have lowered the value of our non U.S.
Denominated sales and earnings and the continued weakness in the global agricultural market. Full Year Results For full year 2016, net sales were $844.7 million versus $879.6 million in 2015, a decrease of 4.0%.
Net income for the year was $40.0 million, or $3.46 per diluted share, compared to $43.2 million, or $3.76 per diluted share, in 2015. Sales by Division Alamo's Agricultural Division recorded net sales of $48.9 million in the fourth quarter of 2016 compared to $47.9 million in the prior year, an increase of 2.1%. This was achieved despite ongoing weakness in the overall agricultural market. For full year 2016, the Division's net sales were $205.8 million versus $208.3 million in 2015, a decrease of 1.2%. Alamo Group's Industrial Division net sales in the fourth quarter of 2016 were $122.5 million compared to $135.9 million in the fourth quarter of 2015, a decrease of 9.9%. For the full year the Division's net sales were $484.1 million compared to $498.8 million in 2015, a decrease of 2.9%. The decrease was due to weaker sales to non-governmental end users, particularly vacuum trucks and weak fourth quarter shipments of snow removal products.
Alamo Group's European Division net sales in the fourth quarter of 2016 were $34.2 million compared to $40.6 million in the prior year. For the full year, net sales in the Division were $154.8 million, 10.3% below the $172.6 million achieved in 2015. Just over half of the decrease in both the fourth quarter and full year related to changes in exchange rates as indicated in the attached schedule. There was also continued weakness in the Company's U.K. Markets primarily as a result of the uncertainty which has persisted since the mid-year Brexit vote. Comments on Results Ron Robinson, Alamo Group's President and CEO commented, 'Our fourth quarter was somewhat weaker than our expectations as we continue to be impacted by persistent headwinds that have been constraining our sales throughout the year.
However, there were many positive developments during 2016. Despite lower sales, we were able to grow gross margins as a result of our ongoing cost control initiatives and manufacturing efficiencies. And, cash flow for both the quarter and full year remained at a strong level allowing us to reduce total debt during the year by $74 million and by over $120 million in the last two years. This was achieved through both strong earnings from operations as well as better asset management as we reduced inventory and increased inventory turns. 'We were also pleased with the improved sales in our Agricultural Division as they continue to outperform the overall weakness in this sector. This Division was also a major contributor to Alamo's improved gross margins. And, we feel they are well positioned to continue this trend as we move into 2017.
'Our European Division also had some bright spots as our French operations showed reasonable growth in local currency, although they were down when translated to U.S. We believe they are poised to show further growth in 2017. 'Our biggest concern was the weakness in our Industrial Division results. The majority of the sales in this Division are to governmental end users and related contractors for infrastructure maintenance and these sales have continued at a very stable level with the exception of snow removal products in the fourth quarter. However, non-governmental sales, particularly of vacuum trucks which had exhibited strong growth for several years, were negatively impacted by weakness in oil field, mining and construction markets which had an adverse effect on our results throughout the year. And, as previously indicated our snow products were also weak in the fourth quarter, as much due to shipment delays as to softness in the market. While we are disappointed with the impact these developments had on our results in 2016, we feel more optimistic about the outlook for 2017.
Our core sales to the infrastructure maintenance markets should continue to be steady and we are already seeing some momentum in the non-governmental sectors which should produce better results in 2017 compared to 2016. 'In addition, we feel Alamo operating improvements aimed at further expansion of our margins and continued focus on our asset management will continue to drive our performance. We are also excited about new product introductions that should further add to our 2017 results.
'Lastly, we are looking forward to the closing of the Old Dominion Brush Company acquisition that we recently announced. This will be a good synergistic addition to our Company which, while small, will positively impact our results in 2017.
And, we are pleased that acquisition activity in general is showing improvement. Strategic acquisitions are part of our business strategy and we believe they will continue to provide an avenue of growth for Alamo. 'So, while we are concerned about the challenges we face in our markets that resulted in the declines we experienced, particularly in the second half of 2016, we feel good about the many positive achievements we were able to make during this time.
We believe these will allow us to get back on a growth track in 2017.' As we celebrate Baker’s 25th year in business, we thought it worthwhile to share our thoughts on the past quarter century. Who would have predicted that a three-person duplicating shop, would rise up to stand tall amongst the some of the most sophisticated manufacturers in America? We started small, surviving through some historical economic downturns. Some would say our survival is a tribute to our hard work.
We like to think that our 25 years of success can be attributed to a combination of our ability to evolve with the ever changing landscape of the manufacturing world, our persistent dedication to solving our customers most complex challenges, and our dedicated team of experts that make all of this hard work look easy. At the heart of our accomplishments is a great deal of grit, and a willingness to take risks to benefit our customers-- their demands, challenges and feedback have pushed us to improve vigorously. Although we may be tempted to indulge in a self-congratulatory moment on our 25th anniversary, we remain mindful that the manufacturing world is an ever-changing place, and if anything, we must accelerate. As we move forward, we must think ahead to what the next 25 years will hold. Building upon our industry leadership and expertise requires further dedication, innovation, and execution of critical strategies. Our top priority will remain to integrate our best people with the best technology, best equipment and best practices, to deliver excellence in every project for every customer.
These goals will challenge each of us. The work will be hard but the rewards high. This milestone provides us an opportunity to both reflect on our past and to look forward to our future. As we celebrate, we say “Thank You” to all of our customers and employees, both past and present. Thanks to you, the last 25 years has made all of us at Baker Industries proven, prepared and proud.
Kalida, OH – Unverferth Mfg. Announces promotions in its management team lineup to continue transitioning the family-owned company for future generations and continued growth. Steve Unverferth, previously President, steps into the role of Chairman of the Board and will continue his involvement with a focus on long-term strategy and guidance. Larry Unverferth assumes the role of President. He has been with Unverferth Mfg.
Since 1981 and most recently was Director of Manufacturing Operations. In his new position, Larry will oversee all business and manufacturing functions for the company.
Sandy Klear is promoted to Vice President of Finance, CFO. Sandy has been with the company since 1994, most recently as Controller.
She will manage the finance and accounting functions for the company. Dave Unverferth is named Vice President of Manufacturing Operations. Dave has been with the Unverferth Mfg. Since 1994, most recently as Operations Manager at the Delphos facility.
He will oversee manufacturing operations at each of the company’s three locations. Greg Unverferth is named Vice President of Engineering/Administration. He has been with Unverferth Mfg. Greg will oversee Design, Manufacturing Engineering and Materials Management, including Purchasing and Planning. Greg previously held the position of Manager of Manufacturing Engineering and Continuous Improvement. Scott McCormick is promoted to Director of Human Resources for the company.
He was previously Human Resources Manager for Ohio and has been with the company since 2012. Jeff Schulte assumes the duties of Plant Operations Manager for the Delphos, Ohio, facility. Jeff has been with the company since 2009.
He previously served as Manufacturing Engineering Manager at the Delphos facility. Unverferth Mfg. Is a family owned manufacturer and marketer of tillage, seed, hay- and grain-handling equipment along with pull-type sprayers, fertilizer applicators and agricultural dual, triple and specialty wheel products. For additional information, contact Unverferth Manufacturing Co., Inc., P.O. Box 357, Kalida, OH 45853. Phone 419-532-3121 or visit the website. SALINA, KS – With the popularity of canola on the rise across the United States, Great Plains is bringing singulation and spacing accuracy to producers seeding canola.
A specially designed canola seed disc delivers singulation and precise placement of costly canola seed, in contrast to broadcast seeding methods. The canola disc is part of an extensive list of Air-Pro® Meter Discs for seeding corn, soybeans, milo, sunflowers, cotton, wheat, and sugar beets. Additionally, the Air-Pro® Meter’s brushes and seed tube have been optimized for seeding canola.
Modifications to the brushes and seed tube not only allow for canola singulation, but have also improved its performance for planting other small seeds, such as milo. Seeds that are used at low rates and prone to static cling will benefit from these changes to the Air-Pro® Meter. Air-Pro® Meters are available on all Great Plains Yield-Pro® Planters. On some models, the Yield-Pro® Planter’s 25-Series Row Unit is capable of row spacings as narrow as 10 inches (25.4 cm) – which is especially significant for canola. For growers who want to convert an existing Great Plains Yield-Pro® Planter, a Canola Field Kit is available for purchase. Kits include the canola disc as well as the improved brushes and seed tube. To learn more about the canola seed disc or Canola Field Kit, visit.
The LOI sets forth certain basic terms under which the parties will negotiate a non-exclusive worldwide license to certain AgJunction patents in exchange for a license fee. It also provides the basis for a deeper collaboration between the parties related to developing, marketing, and selling steering solutions containing Reichhardt's patented sensor guidance technology. Regarding the LOI, Dave Vaughn, CEO of AgJunction said: 'We are excited about expanding our collaboration with Reichhardt who is recognized globally for their engineering excellence and highly reliable products. This agreement will allow customers of both companies access to best in class steering and sensor solutions for their worldwide market requirements.' Reichhardt's CEO, Andreas Reichhardt, stated, 'We have enjoyed our long-standing relationship with AgJunction and this agreement will allow for much deeper engineering and technology collaboration between our two companies with the goal of increasing our solutions portfolio for our current and planned OEM partners.' Final terms of the transaction are subject to required corporate approvals and execution of definitive agreements. The terms of the LOI are solely for the convenience of the parties in connection with the drafting and negotiation of definitive written agreements, and are not legally binding.
TURIN, Italy/ FORT ATKINSON, Wis., USA – February 27, 2017 – Topcon Agriculture introduces the new X35 — the next generation in the X-Family of touchscreen displays with advanced functionality. Designed as a modular solution, the 12.1 inch console runs Topcon Horizon software, providing icon-based and user-definable views for a variety of farm-operating functions and designed to allow for easy upgrades depending on the operator’s needs. “The X35 console adds to the Topcon premium range of agriculture solutions, including the user-friendly functionalities that made the X30 a reputable solution in the industry, and offering additional benefits for farmers,” said Markus Kalin, product manager. “The new feature, Horizon XTEND™, allows users to manage control applications via mobile devices such as tablets and smartphones,” said Kalin. “Additionally, the Remote Assistance Tool allows technicians to remotely diagnose and fix issues, as well as agronomic consultants to advise and configure remotely,” he said. By connecting multiple Ag cameras to the X35, the operator can control and view multiple places simultaneously.
The system includes ISO section control of up to 200 sections, designed to allow the operator to cover more sections in one pass with larger implements. “As with previous X30, the X35 display is an all-in-one system with full ISOBUS Universal Terminal (UT) and ISO Task Controller. It provides variable rate control (VRC) for up to eight products,” said Kalin. The X35 is designed to allow full data management capability through its cloud-based technology. “The user can seamlessly transfer data such as soil testing, yield maps and crop sensors from the X35 to the cloud, where it is accessible from the office or other machines,” said Kalin. Using data management solutions, such as the Topcon MAGNET® Mobile AG Network, farmers can add value to their data, optimizing returns on inputs while preserving resources. This is where the present connects to the future, and the new generation of displays is ready for both.” About Topcon Agriculture Group Topcon Agriculture Group is a division of the Topcon Positioning Group, headquartered in Livermore, California, USA ( ).
The global Topcon Agriculture Group ( ) headquarters is located in Turin, Italy, with its North American regional headquarters in Fort Atkinson, Wisconsin. Topcon Agriculture Group provides advanced IoT connected field and farm management solutions for aftermarket and OEM customers in the agriculture industry, integrating high-precision hardware, software and data to bring efficiency and enhance productivity to every phase of the farming operations. Its brands include Topcon, Wachendorff Elektronik, Digi-Star, RDS Technology, and NORAC.Topcon Corporation ( ), founded in 1932, is traded on the Tokyo Stock Exchange (7732). ISO 9001:2015 is the latest revision to the world’s most widely applied international standard on quality management systems.
The standard helps organizations demonstrate to customers that they can offer products and services of consistently good quality; the standard also acts as a tool to make organizations more efficient at what they do. In the new version, there is an increased importance given to risk analysis and mitigation. The new version of ISO updates and extends globally recognized requirements for an Environmental Management System and recognizes companies like Muir Omni Graphics that have adopted environmentally responsible practices in their business processes. After several months of analyzing, studying and making enhancements to its quality and environmental initiatives, Muir Omni Graphics underwent a rigorous three-day ISO certification audit last fall by NQA and was awarded certification in October. To maintain certification, the company will undergo surveillance audits every six months, and recertification audits every three years. “This was a company-wide initiative that we all take pride in,” Day added.
“It underscores our commitment to total quality management and environmental responsibility, and is tangible proof that Muir Omni Graphics’ products and services are high quality, that we actively monitor our processes to assure that quality remains high, and environmental impacts are properly considered.” •. LOUIS (February 21, 2017)—U.S. Congressman, chairman of the House Committee on Agriculture, will address the thousands of attendees at the 2017 Commodity Classic in San Antonio, March 2-4, 2017.
Congressman Conaway will speak during the popular General Session, which takes place from 9:00 a.m. To 11:00 a.m. On Friday, March 3. Serving his seventh term in the U.S. House of Representatives, Congressman Conaway represents 29 counties in Texas’ 11 th congressional district, including the cities of Midland, Odessa and San Angelo. A native Texan, he grew up in Odessa and earned a Bachelor of Business Administration degree in accounting from Texas A&AM University-Commerce.
A conservative Republican, Rep. Conaway’s background as a CPA gives him a unique perspective on fiscal responsibility. In addition to his role as chair of the House Committee on Agriculture, Rep. Conaway also serves on the House Armed Services Committee and the Permanent Select Committee on Intelligence. “We are very pleased that Congressman Conaway has agreed to address Commodity Classic attendees,” said Ed Erickson, Jr., a North Dakota soybean farmer and co-chair of the 2017 Commodity Classic. “With the change in administration in Washington, DC, the next Farm Bill due for debate, and discussions on international trade policy, the farmers attending Commodity Classic will be very interested to hear from one of the nation’s ag policy leaders on a wide range of issues.” In addition to Congressman Conaway’s remarks, the General Session will include a presentation from, one of the most popular inspirational speakers on the circuit.
After suffering severe burns and amputations as a child, O’Leary shares a message of navigating adversity through decision-making, revealing a brighter vision for what’s possible and living boldly to impact others. The General Session also features comments from the leadership of the four presenting commodity associations: American Soybean Association, National Corn Growers Association, National Association of Wheat Growers and National Sorghum Producers. A representative of the fifth Commodity Classic sponsor, the Association of Equipment Manufacturers (AEM), will also make remarks.
All registration and housing reservations for Commodity Classic should be made online. Experient is the official registration and housing provider for Commodity Classic.
Check the website for a listing of the official Commodity Classic hotels to secure your hotel accommodations. Attendees may register for all three days of Commodity Classic or register for one day only.
For example, Friday registration includes the General Session, the early morning live taping of U.S. Farm Report, access to the huge Commodity Classic trade show with 425 exhibiting companies, the AG CONNECT Main Stage programs, and a wide range of educational sessions and technical presentations. After the event, registrants will also be able to access on-line videos of selected educational sessions that took place on the days for which they were registered. The 2017 Commodity Classic will be held at the Henry B. Gonzalez Convention Center. The convention center will house most Commodity Classic events, including the Opening Reception, General Session, Evening of Entertainment, Trade Show, Learning Center Sessions and What’s New Sessions.
A detailed schedule of events is also available on the website. Established in 1996, Commodity Classic is America's largest farmer-led, farmer-focused convention and trade show, produced by the National Corn Growers Association, American Soybean Association, National Association of Wheat Growers, National Sorghum Producers, and Association of Equipment Manufacturers. WAUKEGAN, IL – PEER Bearing has earned recognition as a Partner-level supplier for 2016 in the John Deere Achieving Excellence Program. The Partner-level status is Deere & Company’s highest supplier rating. PEER Bearing was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. PEER Bearing provides agricultural bearings to John Deere’s operations in Des Moines, Ottumwa, and Moline and has been recognized as a Partner-level supplier for thirteen consecutive years.
Suppliers who participate in the Achieving Excellence program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and wavelength, which is a measure of responsiveness. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement. PEER Bearing is a manufacturer and global supplier of reliable ball and roller bearing solutions to target industries including agriculture, distribution, electrical, fluid, industrial transmission, material handling and on and off-highway. PEER employs over 1,600 people with offices in Brazil, China, Germany, Italy, Mexico and the United States. PEER is an award winning supplier dedicated to reliable and cost-effective bearing solutions. The Triumph of Ag Expo has been named an Official Event for the State of Nebraska’s Sesquicentennial Celebration. 'The 51 st Annual Triumph of Agriculture Farm & Ranch Machinery Show is a showcase of agriculture equipment, products, and services.
With a focus on agriculture – all aspects from cattle, to crops, to equipment, services, seeds, planting, harvesting, and all areas --- the Triumph of Ag Expo is a great place to celebrate Ag in Omaha at the show! The Triumph of Ag Expo has received a special designation from the Nebraska Sesquicentennial Commission to become an official event of Nebraska’s 150 celebration.
'What that means is that the Triumph of Ag Expo will be one of several events throughout the state of Nebraska honoring our heritage, citizens, diversity and our future,' said Bob Mancuso, Jr. The show’s director. 'We’re planning some very special things for the anniversary and will recognize the Nebraska 150 th Anniversary at the Opening Luncheon!' Nebraska was granted statehood on March 1, 1867. The Triumph of Ag Expo just celebrated it’s 50 th Anniversary last year! The show has been a place where farmers and ranchers can come and see the latest equipment, products, services and everything to do with farming and ranching. With agriculture a core aspect of Nebraska --- the show is a great place to celebrate this anniversary!.
Over 900 booths with over 200,000 square feet of Exhibit space of the latest technology will be showcased at the 51 st Annual TRIUMPH OF AGRICULTURE EXPOSITION Farm & Ranch Machinery Show, Wednesday, March 8, 2017 and Thursday, March 9, 2017 at the CenturyLink Center Omaha. Regarded as the Area's Largest Indoor Shortline Farm Machinery Show, the EXPO has become a tradition for area farmers, ranchers, stockmen, and their families to come to the show and ask questions directly to the leading farm manufacturers and suppliers for ways to improve their farm operation right before spring fieldwork begins all at one time and under one roof. The Seminar schedule is attached and provides a chance to learn more about some of the new products and services available at the Show. The Farm Show is open on Wed, March 8 from 9 AM to 4 P.M. And on Thurs, March 9 from 9 AM to 3 PM. Bob Mancuso, Jr., the Show’s Producer, says, “Farming today is more challenging and Midwest farmers are interested in keeping up with the changes and ways to increase their profits and yields per acre while reducing their costs.” The Triumph of Ag Expo offers a one stop opportunity to see and compare hundreds of hands - on demonstrations from the newest farm machinery to the day-to-day supplies and product information that's available for today’s farming decisions. The TRIUMPH OF AG EXPO is proud that they have been able to keep the Admission to the Show FREE for the past 51 years.
Advance Free admission tickets can be obtained from County extension agents, farm machinery and equipment dealers, or at the CenturyLink Center Omaha’s door. There are over 4,500 parking spaces on site right at the convention center entrance. At no other time this spring will area farmers be able to see all these agricultural suppliers indoors at one time and under one roof than on these two days at the Triumph of Ag Expo. Bob Mancuso, Jr.
Said “Many first-time visitors cannot believe the wide selection of products on display and the tremendous opportunity for savings at the Show”. The Triumph of Ag Expo has something for every kind of farm operation, including tillage equipment, planters, monitor and control systems, soil testing equipment, mowers, cattle chutes, augers, fertilizers, various seed hybrids, feeders, tanks and pumps, hay moving and handling equipment, plows, combines, computers and software, tractors and many more agricultural products and services for today's farmers and ranchers. Bob Mancuso, Jr., said, “The farmers and ranchers in this area have had a good year and are looking at equipment and products to buy! This year there are many show features. There will be a special prize drawings throughout both days.
There will also be antique tractors and equipment from Camp Creek Threshers, Elkhorn Valley Antique Power Association, and the Keg Creek Antique Machinery Club. There are also some crafts for the ladies and seminars throughout both days.” THE TRIUMPH OF AGRICULTURE EXPOSITION Farm & Ranch Machinery Show is produced by Mid-America Expositions, Inc., sponsored by the Mid-America Farm & Ranch Machinery Council and is a member of the North American Farm Show Council consisting of the top 25 shows in the nation. The 50th Anniversary of World Ag Expo Comes to a Close Tulare, CA - The 2017 World Ag Expo came to a close on February 16, 2017, with large crowds, cutting-edge exhibits and a little bit of rain.
Celebrating its 50th anniversary, the world's largest annual agricultural exposition was held at the International Agri-Center and featured 1,480 exhibitors on 2.6 million square feet of exhibit space. The three day show hosted 105,780 attendees representing 43 states and 71 countries. 'World Ag Expo has been a platform for the best and brightest in the ag industry for 50 years now. We couldn't have asked for a better group of exhibitors and attendees to commemorate our anniversary,' said Jerry Sinift, CEO of the International Agri-Center. 'World Ag Expo is a celebration of all things ag, and we are honored to play a small role in supporting the industry that never stops working to feed and clothe the world.'
Attendees came from all over the world to learn about the newest ag equipment, services and technology. Educational seminars were held all three days and covered a variety of topics for virtually every type of agriculture operation. 'After nearly five decades of dedicated focus on the newest equipment and solutions for advancing the agriculture industry, World Ag Expo continues to set the standard for agriculture expos,' said Jeff Sorbrero, Sales Manager for RDO Equipment Co. Other popular attractions at 2017 World Ag Expo included the Ride & Drive areas, Taste of California, and the daily Equipment Showcase. In celebration of the 50th anniversary, more than 6,000 people attended the Bud Light After-Hours Party, featuring Parmalee and a fireworks show. A little rain was no hindrance to the 50 Year Tractor Parade on Thursday morning, as attendees gathered to see the farm equipment on display.
The 2018 World Ag Expo will be held February 13-15, 2018. Sauk City, WI, February 13, 2017 – The McFarlane Mfg. Is “kicking-off” the celebration of their 100 Year Anniversary this week at the 2017 National Farm Machinery Show in Louisville, KY. The company has a series of events planned over the next several months to not just mark the occasion but also to thank their customers, partners and team members. “My grandfather, Earl, brought an industry to our family and Sauk City when he started the Wisconsin Tractor Company in 1917. He started designing and building his own harrows during the 1930’s because he saw a better way. While our equipment manufacturing has rapidly grown over the last three generations, the family tradition continues today as it has since 1917” states Stan McFarlane, Vice President, Manufacturing.
“The increasingly complex business environment of the 21st Century is providing quite a challenge to the entire Ag Industry,” adds Norm Burgeson, Sales Manager. “Yes, McFarlane has a great history to reflect upon, but the story is really about how the company is so well positioned to continue to be a leader and innovator through our quest for continuous improvement. As a short-line company, we understand the need to offer solutions, performance and outcomes that can’t be found elsewhere.” Todd Lassanske, General Manager, echoes those thoughts. “New product development has been the key to the company’s success over the past century and that will be even more imperative going forward.
The Quadra-Till Ultimate One Pass Fall Tillage Tool and the Incite® 5000 Universal Tillage® Tool are the most recent examples of Team McFarlane’s ability to successfully introduce not just new tools, but new product categories as well.” In keeping with that 100 Year reputation as an innovator in the industry, McFarlane Mfg. Is introducing the HDL-1100 Series Harrow Cart in Louisville. It features a new, updated design, that is now more reliable and user friendly than ever before, to create the ultimate seedbed with a single pass. It can be viewed along with other McFarlane Products in Booth 4972. Contact Info: Norm Burgeson 309-445-5296 McFarlane Website: •. Paynesville, MN – February, 10th 2017 – Recently, Valley Industries has completed the acquisition of A1 Mist Sprayers, a Nebraska-based company located in Ponca that manufacturers mist spraying applicators for the United States and Canada.
The purchase will diversify Valley Industries already robust agricultural lineup, which includes Master Manufacturing Sprayers, Everflo Pumps, and Comet Pumps. “General Manager Steve Nelson and the A1 team have done an incredible job of building a solid and successful operation in the mist spraying market,” said Jeff Savage, Valley Industries’ General Manager. “Both Valley Industries and A1 Mist Sprayers share a strong focus on developing high quality products and customer service. We look forward to the new opportunities offered to us with this acquisition and welcome the A1 Mist Sprayer team.” Valley Industries will continue to use A1 Mist Sprayers existing management, infrastructure, and brand recognition in the mist spraying market. Based in Paynesville MN, Valley Industries is an innovative manufacturer and distributor of fluid handling components for agriculture, pest control, lawn care and many industrial applications. For more information on Valley Industries and its brands, please visit or call 800-864-1649. For more information on A1 Mist Sprayers please visit or call 877-924-2474.
Worksaver, booth G-71225 The SSGB-8B skid steer grader blade is designed for asphalt, landscaping and concrete flatwork contractors. The unit has an 8-foot, six-way hydraulically controlled moldboard operated by an in-cab remote. With an optional laser system, the grade will maintain grade to tight tolerances. Other equipment on display: The SARG, or Sweep Action Rock Grapple, which handles rocks, brush, logs, stumps and more. Worksaver Inc.
PO Box 100 Litchfield, IL Farm Equipment Manufacturers Assn. Member Since: 1951-10-01 Ph: (217) 324-5973 Fax: (217) 324-3356 Tollfree: (800) 324-6960 Website: General E-mail. SEGUIN, Texas, Feb. 8, 2017 /PRNewswire/ -- Alamo Group Inc. (NYSE: ) announced that it has entered into an agreement to acquire substantially all of the assets of Old Dominion Brush Company, Inc. ('ODB'), a privately held company. ODB manufactures and sells replacement brooms for street sweepers and leaf vacuum units primarily sold to municipalities, contractors and commercial landscape markets.
ODB reported unaudited sales of approximately $27.7 million for the year ending December 31, 2016. Total consideration for the purchase is approximately $20 million subject to certain adjustments. The purchase is anticipated to close within 30 days. ODB was founded in 1910 and is based in Richmond, Virginia with an assembly and warehouse operation in Kansas City, Kansas. The company is owned by the Brizzolara family and led by Tim and Duke Brizzolara who will continue managing the company upon completion of the transaction. ODB will become part of Alamo's North American Industrial Division. Ron Robinson, Alamo Group's President and Chief Executive Officer commented, 'We are pleased to have Old Dominion as part of the Alamo Group.
This is a well-respected brand whose products are complementary to our existing range of infrastructure maintenance equipment and parts. We are also glad that Tim and Duke will continue to lead the company as they bring a wealth of knowledge and history to help in Alamo's ongoing development.' Tim Brizzolara, President of ODB, added, 'We feel Alamo is a good partner for our company as they have a track record of maintaining the integrity of the brands they acquire and investing in their future.' The purchase price will be funded under the Company's existing and recently renewed $250 million unsecured revolving credit facility. SOURCE Alamo Group Inc. Related Links •.
BROOKFIELD, Wis. — Lessiter Media is pleased to announce that its twice a month webcast,, is now available as a podcast. Managing Editor Kim Schmidt produces and hosts the program that provides insights, analysis and late-breaking news in a brief web broadcast format. “We’ve heard from a number of viewers that what they enjoy most about On the Record is they are able to listen to the news while they do other work. Offering On the Record as a podcast was a natural progression and just one more way we can communicate with farm equipment dealers and manufacturers,” says Dave Kanicki, executive editor and publisher of Ag Equipment Intelligence. Ag Equipment Intelligence’s On the Record is available on iTunes, the Google Play Store, Soundcloud, Stitcher Radio, TuneIn Radio and by visiting. If you have another app you use for listening to podcasts, let us know and we’ll make an effort to get it listed there as well.
Ag Equipment Intelligence launched On the Record in January 2015. The program is produced twice a month and currently has more than 8,000 email subscribers. About Lessiter Media Lessiter Media, Brookfield, Wis., was founded in 1981 by Frank and Pam Lessiter. The firm provides specialized content in the agricultural, equipment and equine fields through a variety of media, including magazines, newsletters, websites, conferences, books, DVDs, special reports and e-newsletters. For more information, visit. The world’s largest trade fair for agricultural machinery and equipment in Hanover from 12 to 18 November 2017 – More than 2,900 exhibitors expected – 'Green Future–Smart Technology' in focus FRANKFURT/MAIN, Germany, 3rd February, 2017 – Agritechnica 2017, The world’s largest trade fair for agricultural machinery and equipment, is once again expecting very good participation of domestic and foreign agricultural machine manufacturers.
Based on previous participation levels at this time of year and the high levels of interest again this year, the organizer, DLG (German Agricultural Society), is expecting more than 2,900 exhibitors from Germany and the rest of the world. 'The previous registration result already impressively underlines the outstanding position of Agritechnica as a worldwide platform for agricultural machinery manufacturers and their suppliers,' said Agritechnica project manager Marie Servais. “We are still around nine months from the start of the exhibition, but we already know that all of the agricultural machinery companies with a global footprint will be present in Hanover in November,' says Marie Servais, Agritechnica project manager. Agritechnica 2017 will take place from 12 to 18 November (special preview days on 12 and 13 November) at Hanover’s exhibition grounds. Two years ago, 2,903 exhibitors from 52 countries participated; and 451,000 trade visitors, including 98,000 from outside Germany, found out about new developments in agriculture at Agritechnica. New: Special feature 'Future crop protection–responsibility needs ideas' This year, Agritechnica is being presented under the theme 'Green Future–Smart Technology'. Agriculture faces great challenges when it comes to sustainably increasing the production of raw materials, food and feed, and innovative technology, powerful varieties and precise fertilizers, as well as effective and environmentally compatible crop protection products, are the basis for achieving this.
Crop protection, whether mechanical, chemical or biological, is playing an increasingly important role. Its precise implementation, efficacy and safety are prerequisites for sustainable operating success, and this means it regularly forms the basis for discussions within and outside the agricultural sector. At Agritechnica 2017, therefore, DLG is dedicating a special feature to crop protection in cooperation with partners from the fields of business, science and consulting.
Taking the theme 'Future Crop Protection–responsibility needs ideas', the special feature will allow manufacturers to present technologies and systems that correspond to the theme, thereby creating a unique information platform for visitors to compare systems and offers in one place. More information on Agritechnica 2017 is available from Marie Servais, tel +8252, or email agritechnica@dlg.org The contact for the 'Future Crop Protection–responsibility needs Ideas' special feaure is Dr. Klaus Erdle, tel +8326, or e-mail More information for international visitors considering a visit to Agritechnica 2017 can be found at www.agritechnica.com •. (February 3, 2017): Kondex has earned recognition as a 2016 Partner-Level supplier in John Deere’s Achieving Excellence Program – Deere & Company’s highest supplier rating. Kondex was selected for this honor based on its dedication to providing products and services of outstanding quality, as well as its commitment to continuous improvement. Company associates accepted the recognition during formal ceremonies recently held in Bettendorf, Iowa. “Once again, it has been a pleasure working alongside John Deere in their Achieving Excellence Program,” commented Kondex President Jim Wessing.
“Our partnership has resulted in many successful projects between our two companies, and we look forward to continuing in the spirit of continuous improvement with Deere for many years to come.” (L-R) Kondex Senior Account Executive Juan Sotelo, Account Manager Jeff Kotnick, and President Jim Wessing featured with the Kondex collection of Achieving Excellence Awards Kondex is a supplier of engineered products to John Deere’s Agriculture and Turf Divisions. It supplies both new production products and service components used in a variety of machinery throughout the world. Suppliers who participate in the Achieving Excellence Program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and wavelength, which is a measure of responsiveness. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement. Kondex, a manufacturer of cutting and wear-resistant components, uses new technologies to improve product life by 2-3 times and manufacturing innovations to strengthen product functionality. For our OEM customers, this elevates market share; for end users, it extends the life of their machinery.
With the majority of our products agriculturally based, these efforts support our mission of helping to feed and fuel the world. For additional information, please visit. ARMSTRONG, Iowa, Feb.
1, 2017 /PRNewswire/ -- Art's Way Manufacturing Co., Inc. (), a diversified, international manufacturer and distributor of equipment serving agricultural, research and steel cutting needs, announces its financial results for 2016. For the Twelve Months Ended (Continuing Operations, Consolidated) November 30, 2016 November 30, 2015 Sales $ 21,558,000 $ 26,326,000 Operating Income (Loss) $ (431,000) $ (77,000) Net Income (Loss) $ (426,000) $ (310,000) Sales: Our consolidated net sales for continuing operations totaled $21,558,000 for the fiscal year ended November 30, 2016, which represents an 18.1% decrease from our consolidated net sales from continuing operations of $26,326,000 in 2015. The decrease in revenue is primarily due to decreased sales of our Agricultural Products segment. As expected, in fiscal year 2016 we experienced decreased demand across the board in Agricultural Products.
Our consolidated gross profit decreased as a percentage of net sales to 24.7% in 2016 from 26.3% of net sales in 2015. Measures taken during the year to control our costs helped preserve gross profit but did not completely offset the impact of declining revenues as compared to relatively stable fixed costs. Our consolidated operating expenses decreased by 17.7%, from $6,989,000 in 2015 to $5,751,000 in 2016.
Selective investment was made in new product development during the year, and the results of such efforts are anticipated to contribute to results in 2017. In addition to our work to reduce expenses, we also had a $618,729 non-cash expense recognized in August 2015 for the impairment of goodwill associated with the 2012 acquisition of Universal Harvester.
Loss from Continuing Operations: Consolidated net loss for the 2016 fiscal year was $(426,000) for continuing operations, compared to net loss of $(310,000) in the 2015 fiscal year for continuing operations, an increase of $116,000. This increased loss is primarily a result of soft demand that resulted in lower net sales, but our analysis of the realizability of our Canadian net operating loss tax benefits also contributed to our increased loss. Loss from operations at our discontinued Pressurized Vessels segment was $(598,000) in the 2016 fiscal year compared to $(327,000) in the 2015 fiscal year. Chairman of the Art's Way Board of Directors, Marc H. McConnell reports, 'As evidenced by disappointing revenue and profitability results, we continued to face significant headwinds in the industries we serve in the fourth quarter of fiscal 2016 and full fiscal year. Low demand in the fall resulted in very low shipments for October and November, particularly, that could not be overcome by adjustments to our cost structure. While our fourth quarter and full fiscal year brought great challenges, we are pleased to report that we have seen an improvement in demand since fiscal year end in all business segments, resulting in a significantly increased backlog that we anticipate will drive improving performance in fiscal 2017.
We believe this to be driven more by new product introductions, improvements in our customer service strategy, and new customer relationships than an indication of a rebound in the markets we serve. Beet-related equipment demand is increasing and trending well above last year.
We are pleased with this progress and feel that we are continually improving our position to benefit from improving markets when that time comes. We enter fiscal 2017 with equal measures of cautiousness and optimism and are hopeful that the efforts we've made to improve our business during these slow times will be rewarded in the new year.'
ELKHART, INDIANA (February 1, 2017) – DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, is pleased to announce that Dexter has acquired the axle, brake and actuation business assets from Tie Down Engineering, Inc. (“Tie Down”) located in Atlanta, GA. Tie Down was founded in 1969 by Chuck MacKarvich, serving the construction, utility, industrial & marine markets. Tie Down will continue to operate, providing products and services from their manufactured housing, roofing, marine and industrial laser divisions. “By adding Tie Down’s axle, brake and actuation products to our marine product portfolio, we continue to improve our industry leading portfolio of customer solutions. This acquisition broadens our aftermarket offering and as all of our recent acquisitions have done, allows us further growth in adjacent areas. The DexKo team continues to work diligently to build our company and to support our “Together is Better” culture,” states Fred Bentley, CEO of DexKo Global.
“I want to congratulate Chuck on the great business he built and we look forward to taking it to a new level of performance.”. Dean Samuelson, President of Tie Down Engineering, will continue to lead the acquired business.
“We look forward to offering Tie Down axles, brakes, and actuation to an expanded market, offering the most comprehensive marine running gear in the industry to support all of our combined customers’ requirements,” states Samuelson. “Becoming part of the Dexter family will help us grow our business with the backing of the industry leader. I am confident that this will be a smooth transition for both our customers and employees.”. Ag Growth International Inc. (TSX:AFN) ('AGI' or the 'Company') today announced it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets, National Bank Financial Inc.
And TD Securities Inc. (the 'Underwriters'), pursuant to which AGI will issue on a 'bought deal' basis, 1,100,000 common shares ('Common Shares') at a price of $55.10 per share to raise gross proceeds of approximately $60 million (the 'Offering'). AGI has also granted the Underwriters an Over-Allotment Option, exercisable in whole or in part for a period expiring 30 days following closing, to purchase up to an additional 165,000 Common Shares at the same offering price. If the Over-Allotment Option is fully exercised, the total gross proceeds to AGI will be approximately $70 million.
A preliminary short form prospectus qualifying the distribution of the Common Shares will be filed with the securities regulatory authorities in each of the provinces of Canada (other than Quebec). Closing of the Offering is expected to occur on or about February 15, 2017.
The Offering is subject to normal regulatory approvals, including approval of the Toronto Stock Exchange. The net proceeds of the offering will be used to repay outstanding indebtedness, to pursue potential acquisition opportunities and for working capital and general corporate purposes. The Common Shares have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereof. This news release shall not constitute an offer to sell, or the solicitation of any offer to buy, nor shall there be any sale of Common Shares in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
CONTACT INFORMATION. WAKEFIELD, Massachusetts (January 18, 2017)—Alliance Tire Group (ATG) introduced the Galaxy Hulk Deep-Tread SDS, a skid steer tire whose massive block tread pattern—long a favorite among operators in tough conditions—is now backed up by solid construction for the toughest challenges in material handling, construction and farming.
The Hulk SDS is the latest addition to the Galaxy severe duty solid (SDS) line, which also contains solid versions of such popular tread patterns as the company’s Beefy Baby and Yardmaster tires. “As part of the growing Galaxy SDS solids lineup, the Hulk SDS delivers the same industry-leading tread pattern and depth that has made it popular worldwide, now in a solid design for even longer service life,” says Seth Walters, Manager-Special Product Programs for Alliance Tire Americas. The chevron-and-block pattern of the Hulk SDS tread provides excellent self-cleaning while delivering long service life on all surfaces with its high 68-percent rubber-to-void ratio, he notes. “In severe service use, the solid Hulk ensures that downtime is virtually eliminated, load capacity is increased and tire life is more than doubled,” Walters adds. “The Galaxy Hulk SDS has been introduced in two extremely popular sizes—30x10-16 and 33x12-16—with and without apertures. We’re seeing a lot of excitement about the new Hulk SDS from people who use their skid steers in real severe duty situations, including waste handling facilities, scrap metal yards, steel mills, rock quarries, dairy farms and other sites where puncture and excessive wear are constant challenges. “People are telling us that the Hulk SDS is exactly the tire they’ve been waiting for,” he says.
Learn more at your ATG/Galaxy dealer or visit or see it on display at the ATG booth at World of Concrete in Las Vegas, January 17 through 20. LOUIS (January 17, 2017) — At Commodity Classic, the early bird catches some great education thanks to a great line-up of Early Riser Sessions. Early Riser sessions begin each day at 7:00 a.m. They are eye-opening presentations on market trends, ag issues and other important topics.
Early Riser Sessions kick off the morning of Thursday, March 2 with 'The Great 2017 Grain Marketing Debate' sponsored by Corn+Soybean Digest and Farm Futures Magazine, Penton Agriculture and Channel Seed. The session features Bryce Knorr, senior market analyst for Farm Futures; Ed Usset, contributing editor to Corn+Soybean Digest and author of Grain Marketing is Simple; and Matt Bennett, grain marketing consultant for Channel Seed. This session could be crucial in figuring out ways to maneuver in a market filled with uncertainty. A live taping of U.S.
Farm Report, the nation's longest-running, syndicated agriculture news program is the Early Riser session for Friday, March 3, sponsored by Farm Journal Media. Attendees can be part of the live audience as host Tyne Morgan and a panel of commodity traders and analysts debate market trends, futures and important ag issues. Panelists will include Chip Flory of Pro Farmer, Ted Siefried of Zaner Ag Hedge, and Bob Utterback of Utterback Marketing. On Saturday, March 4, there are two concurrent Early Riser Sessions. Advance Trading, Inc. Presents 'What Would Make Someone Invest in Your Farm?' , in which presenter Tommy Grisafi outlines what is needed to stay in business and pass the farm on to the next generation.
The other Saturday session, sponsored by Commodity Classic, is entitled 'Piles to Files: Weed Through Your Paperwork.' Lori Firsdon, owner of Forte Organizers, will share strategies to reduce paper clutter and organize your office paperwork for quick and easy reference and retrieval. 'Early Riser sessions really bring out the crowds at Commodity Classic,' said Kevin Ross, an Iowa farmer and co-chair of the 2017 Commodity Classic. 'These sessions are real eye-openers and are well worth setting the alarm a few minutes early. We even reward your early start with complimentary coffee and pastries!'
Education is a hallmark of Commodity Classic. Early Riser sessions are just part of the wide range of educational sessions which also includes Learning Centers, What's New Sessions, Mini What's New Sessions, the AG CONNECT Main Stage and the General Session.
Commodity Classic also features a huge trade show, entertainment and the opportunity to network with thousands of America's best farmers. Detailed information on educational sessions and the entire Commodity Classic schedule are available. Online registration and housing are also available on the website. Established in 1996, Commodity Classic is America's largest farmer-led, farmer-focused convention and trade show, produced by the National Corn Growers Association, American Soybean Association, National Association of Wheat Growers, National Sorghum Producers, and Association of Equipment Manufacturers. Built on the theme of Proven Business Blueprints, Precision Farming Dealer managing editor Jack Zemlicka noted that many farm equipment dealers have the same questions when it comes to making money with their precision business: 'Dealers agree that there are multiple pathways to precision profitability, but knowing which direction to take is a shared challenge,' Zemlicka says. 'Having set a high standard for delivering a collaborative learning environment at the 2016 Summit, this year's event by all accounts exceeded attendee expectations and provided them with the blueprints they need to grow their precision businesses.' Conversations spanned the spectrum of fundamental (hiring and retaining top precision talent) to futuristic (autonomous technology's role in the future of precision farming), and attendees cited immediate takeaways and newfound precision allies before heading home.
From the single-location independent dealer to the multi-store farm equipment retailer, from the veteran precision ag manager to the newly hired specialist, the discussion of precision challenges and trading of solutions were in abundance. ELKHART, INDIANA (January 4, 2017) – DexKo Global Inc., the global leader in highly engineered trailer running gear and chassis assemblies and related components, announced that Dexter has acquired the heavy duty axle and suspension manufacturing assets of Ingersoll Axles, along with the light duty axle manufacturing assets of Standen’s from the IMT Group. Ingersoll Axles has been a leading supplier of specialized heavy duty trailer axles and suspensions across North America for over 55 years. Dexter has acquired manufacturing locations in Ingersoll, Ontario; Calgary, Alberta; and Indianapolis, IN. “We are excited to continue to expand our DexKo business. With Ingersoll Axles, we get a great team, a stronger position in Canada, introduction to new markets with highly engineered products and new suspension technologies that will provide a foundation to increase our market leading performance.” stated Fred Bentley, CEO of DexKo Global.
“We have completed four acquisitions in four countries in the last quarter where all fit perfectly in our customer and product portfolios. The Dexter and AL-KO teams continue to perform well and this performance provides the opportunity for us to continue to grow the business while improving our balance sheet. This is an exciting time to be part of the DexKo team and we continue to build on our “Together is Better” culture.”. “This acquisition will broaden our ability to service the Specialty Heavy Duty Trailer Market,” adds Adam Dexter, President and CEO of Dexter. “The additional manufacturing capacity in Canada will bring us closer to our customers and will help us to improve our overall service.” The immediate focus is to concentrate on enriching employee welfare by providing a safe, productive workplace while adopting Dexter’s philosophy of world class customer service producing quality, dependable products. “We look forward to continuing to be a valuable supplier to Ingersoll Axles customers as well as the growth opportunities our combined companies present,” states Dexter. The transaction was announced November 17, 2016, and was finalized today.
For ongoing support of the TISCO brand, SMA will maintain the current TISCO office (for customer and technical support, as well as purchasing) in Oakdale, Minnesota. SMA will continue to operate TISCO warehouses in Strongsville, Ohio and Nashville, Tennessee, in addition to SMA’s four existing warehouses. Going forward, all operations for both SMA and TISCO will be fully integrated across all of SMA’s warehouse and office locations. All SMA products, including those under the TISCO brand, can be found online at smalink.com.
December 30, 2016 12:04 ET Source: Blount International, Inc.; SMA, Inc. About SMA, Inc.
Founded 1964, SMA is a privately-held company owned by the Hurt family of Jonesboro, Arkansas. Serving farm supply retailers throughout the United States, SMA is a leading supplier of farm implement replacement parts and accessories. Customers are supported by a national network of distribution centers and sales offices strategically located in Jonesboro, Arkansas (headquarters); Corsicana, Texas; Des Moines, Iowa and Fresno, California. Along with industry-leading brands, SMA markets products under the AgSmart, StorSmart, PickSmart and IceBin labels. For more information about SMA, visit. About Blount International, Inc.
Blount is a global manufacturer and distributor of products for consumers and professionals and operates primarily in two market segments: Forestry, Lawn, and Garden (“FLAG”); and Farm, Ranch, and Agriculture (“FRAG”). Blount also serves the construction market. Blount sells its products in more than 115 countries around the world, marketing under the brand names of Oregon®, Carlton®, Woods®, SpeeCo®, CF®, Wain-roy®, Alitec®, Gannon®, ICS®, and Pentruder®. For more information about Blount, visit.