Jackson, MN (KICD) — AGCO has released financial figures for the 4th quarter, and 2023 as a whole. Chief Executive Officer Eric Hansotia says sales were down 2.5 percent to finish the year, but the twelve-month period as a whole was strong.

Hansotia took over as CEO just three years ago naming three corporate strategies that he says are working: Making Fendt the flagship brand world-wide, developing information technology, and putting an emphasis on the parts division.
He says 2024 will be more challenging than 2023.

 

 

AGCO’s plant in Jackson, Minnesota produces all of the company’s tractors for the North American market and chassis for combines.