AGCO CORP., THE ATLANTA-BASED MANUFACTURER AND DISTRIBUTOR OF AGRICULTURAL EQUIPMENT, OFFICIALLY OPENED A MANUFACTURING FACILITY IN QUERETARO, MEXICO LAST WEEK.
THE 16,680 SQUARE-FOOT FACILITY, WHICH CURRENTLY EMPLOYS 22 WORKERS, WILL ASSEMBLE FIVE MODELS OF AGCO’S MASSEY FERGUSON BRAND OF TRACTORS. THE PLANT BEGAN OPERATIONS IN MID-JULY, AND IS EXPECTED TO PRODUCE 400 TRACTORS BY THE END OF 1996.
AT THE OPENING CEREMONY ON SEPT. 11, ROBERT J. RATLIFF, CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF AGCO, SAID THAT THE FACILITY WILL “PROVIDE AN EFFICIENT, COST-EFFECTIVE WAY TO FURNISH AGCO PRODUCTS TO THE HIGH POTENTIAL MEXICAN MARKET AND OTHER MARKETS.”
MR. RATLIFF ADDED, “DEMAND FOR AGRICULTURAL EQUIPMENT IN MEXICO IS REBOUNDING WITH GREAT STRENGTH, WITH 1996 INDUSTRY SALES PROJECTED TO INCREASE BY 200% OVER 1995.”
CALL JUDITH CZELUSNIAK, VICE PRESIDENT OF CORPORATE RELATIONS, AT (770) 813-6044.