AGCO Power Celebrates its 75th Anniversary

19-Apr-2018 Intellasia | BusinessWire | 2:00 PM Print This Post

One Millionth Engine Leaves Factory

DULUTH, Ga.–(BUSINESS WIRE)–#agco–AGCO (NYSE: AGCO), a global leader in the design, manufacture and
distribution of agricultural machinery and solutions, is celebrating the
75th anniversary of AGCO Power this year. AGCO Power is
AGCO’s global engine brand known for top performance and durability.
“AGCO´s engine business, known today as AGCO Power, has delivered
industry leading engines and power generation solutions for 75 years,”
said Martin Richenhagen, Chairman, President and CEO, AGCO Corporation.
“We are proud to celebrate this great heritage and to announce that the
one millionth AGCO Power engine was produced at our factory in
Linnavuori, Nokia, Finland.”


More than 70% of AGCO products run with an AGCO Power engine. AGCO Power
has been pioneering the development of emission reduction technologies
and was first to launch SCR technology in agricultural machinery back in
2008. Today, its engines meet and exceed the latest emission regulations
in the EU and the U.S. complying with the Tier 4 emissions standards.
What’s more, AGCO Power engines are ready for stage V. Dr. Helmut
Endres, Senior Vice President, Engineering, Worldwide said, “Within the
EU, new emission regulations will be phased in gradually in 2019 and
2020. AGCO Power started its development for the stage V a number of
years ago in order to be ready for the change. High-quality engines have
already been tested in cooperation with our customers in the engine
laboratory and in different applications.”

AGCO Power started manufacturing engines in Linnavuori 75 years ago.
Later the factory became an important part of Valtra which was then
acquired by AGCO in 2004. Ever since then AGCO has continuously invested
in new product development, innovative engine technologies and
increasing production capacities. Today, AGCO Power manufactures 3, 4, 6
and 7-cylinder diesel engines in four plants around the world, namely,
in Linnavuori (Finland), Changzhou (China), Mogi das Cruzes (Brazil) and
General Rodriguez (Argentina). Production volumes have multiplied over
the past decades and reached more than 100,000 engines annually.

AGCO Power’s innovations have resulted in significant improvements in
the combustion process and thus offer customers excellent fuel economy.
Juha Tervala, AGCO Power’s Vice President and Managing Director, said,
“As a pioneer in engine technology, AGCO Power will continue to invest
in research and development to design reliable and durable engines for
demanding off-road machinery applications. Among others, we are actively
exploring renewable fuel alternatives and electric solutions. We are
committed to develop the best engines that allow our customers to bring
their input costs down.”

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agriculture equipment and solutions and supports more
productive farming through its full line of equipment and related
services. AGCO products are sold through five core brands, Challenger®,
Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® precision
technologies and farm optimization services. Founded in 1990, AGCO is
headquartered in Duluth, GA, USA. In 2017, AGCO had net sales of $8.3
billion. For more information, visit http://www.AGCOcorp.com.
For company news, information and events, please follow us on Twitter:
@AGCOCorp. For financial news on Twitter, please follow the hashtag
#AGCOIR.

Contacts

AGCO
Ulrich Stockheim
AGCO Chief Communications Officer
[email protected]

 


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