Tag Archive for 'agriculture'

AEM Hall of Fame Inducts Mary Andringa of Vermeer Corp.

The Association of Equipment Manufacturers (AEM) announces the newest inductee to the AEM Hall of Fame: Mary Andringa of Vermeer Corp.

The AEM Hall of Fame recognizes individuals whose innovations, ideas and leadership have advanced the off-road equipment manufacturing industry and contributed to its success in the past and into tomorrow.

Mary Andringa

“We are very pleased to announce and congratulate Mary Andringa as the latest inductee into the AEM Hall of Fame,” said AEM President Dennis Slater. “She joins an elite group of respected industry leaders whose work and accomplishments inspire the next generation to continue our industry’s legacy of progress enhancing productivity, sustainability, and economic and social prosperity.”

Nominations for the AEM Hall of Fame are open year-round. An independent panel of industry experts evaluates potential inductees, and honorees are publicly announced and celebrated during special ceremonies at AEM’s annual conference of member companies.

More than 60 industry leaders have been inducted into the AEM Hall of Fame since its inception in 1993. Learn more and read their stories at www.aem.org/HallofFame.

About Mary Andringa, the 2019 AEM Hall of Fame Inductee

Mary Andringa’s commitment and relentless leadership positioned Vermeer Corporation as a strong voice in the industry – for lean manufacturing, for the education of our future workforce, for the legislation of policies having a positive impact on manufacturing, for family-owned and -operated companies and for taking care of the people of Vermeer.

Mary’s own investment into lean manufacturing led to organization-wide change for continuous improvement and growth. An example of success: Vermeer’s 12-inch in-feed brush chipper went from raw steel to finished product in two days, rather than 52.

Starting her career teaching elementary students, Mary has a passion for education and continuous learning that’s continued throughout her time at Vermeer. This passion prompted Vermeer to expand its education initiatives at all levels – early childhood education with an onsite early learning center, college-age students with an international leadership program and onsite facility at Iowa State University, as well as adults with preparation for retirement.

Mary actively communicates and collaborates with legislators on issues that matter to advanced manufacturing, exporters and small- to medium- sized businesses. She served on the President’s Export Council and Ex-Im Bank Advisory Committee, chaired the National Association of Manufacturers (NAM) and was co-chair of the Iowa Governor’s STEM Advisory Council.

Continuing the legacy her father left, Mary helped define and promote the Vermeer 4P Philosophy (principles, people, product and profit), with people being our most important asset. Vermeer initiatives include an onsite primary care clinic and pharmacy for employees and their families.

Mary is now Chair of the Board at Vermeer after filling roles as CEO, co-CEO, president and COO. Her level of passion and commitment have made her a voice of change and innovation not only at Vermeer, but in the industry and community. 

About the AEM Hall of Fame – www.aem.org/HallofFame

The AEM Hall of Fame traces its roots to 1993 and the not-for profit industry-wide Construction Equipment Hall of Fame initiated by Construction Equipment magazine. AEM served on the Hall of Fame Board of Directors; it took over ownership and operation in 2008, creating the AEM Hall of Fame for the off-road equipment manufacturing industry.

About the Association of Equipment Manufacturers (AEM) – www.aem.org
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 1,000 companies and more than 200 product lines in the agriculture and construction-related sectors worldwide. 

AEM Releases August Ag Equipment Sales Numbers

August 2019 saw increases in U.S. sales of self-propelled combines and 4-wheel-drive tractors as well as total U.S. 2-wheel-drive tractor sales compared to August of last year, according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. 4-wheel-drive tractor sales increased 19.3 percent in August compared to last year and U.S. August self-propelled combine sales increased 11.5 percent.

Total U.S. sales of 2-wheel-drive tractors in August increased 1.9 percent compared to August last year: under 40 HP 2-wheel-drive tractors increased 2.1 percent, while sales of 40-100 HP tractors decreased 1.4 percent, and sales of 100-plus HP tractors increased 13.6 percent.

For Canada, August 4-wheel-drive tractor sales were flat and self-propelled combine sales decreased 45.4 percent. August 2-wheel-drive tractor Canadian sales were mixed (9.1 percent increase for under 40 HP, 4.2 percent decrease for 40-100 HP, and .5 percent decrease for 100-plus HP).

“Although the numbers are flat to positive for the year, we and the industry remain cautious about the overall Ag economy,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment manufacturers.

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

U.S.:  https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/

Canada:  https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.

AEM Reminds Industry That Hall of Fame Nominations Due By June 12, 2019

Don’t Delay: Submit AEM Hall of Fame Nominations by June 12

TheAssociation of Equipment Manufacturers (AEM) Hall of Fame is seeking outstanding equipment industry leaders who have made meaningful advancements to the industry’s growth and success.

Nominate a deserving individual by June 12 to be considered for 2019 AEM Hall of Fame induction.

Details and the easy-to-fill-out nomination form are online at www.aem.org/HallofFame.

The AEM Hall of Fame celebrates those who have changed the trajectory of the off-road equipment industry with their vision and creativity.

Anyone (living or deceased) who have made noteworthy and specific industry contributions is eligible for induction.

Candidates are evaluated by an independent panel of judges, and inductees are announced and celebrated at AEM’s Annual Conference of Member Companies.

The AEM Hall of Fame highlights the off-road equipment manufacturing industry’s legacy of progress to promote greater understanding and appreciation for its contributions to global economic and social prosperity – and to inspire the next generation of industry leaders, innovators, and visionaries.

Individually and collectively, AEM Hall of Fame inductees represents some of the best, brightest and most influential minds in the history of the off-road equipment industry.

For more information, please contact AEM’s Pat Monroe (pmonroe@aem.org, tel: 414-298-4123).

About AEM – AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019. Learn more about AEM at https://www.aem.org/.

AEM Elects Directors to AG and CE Sector Boards

                        Wacker Neuson and DISTek Integration Executives Take Leadership Roles

 

 The Association of Equipment Manufacturers (AEM) has elected Johannes Schulze Vohren, Regional President North America for Wacker Neuson, to the AEM CE Sector Board and Jeremy Yoder, Executive VP and COO of DISTek Integration Inc., to the AEM AG Sector Board to fill unexpired terms.

Johannes Schulze Vohren, Regional President North America for Wacker Neuson

“We welcome Johannes and Jeremy and want to publicly thank them and their companies for their support of the Association and its goals,” said AEM President Dennis Slater. “AEM could

Jeremy Yoder, Executive VP and COO of DISTek Integration Inc.

not succeed and grow without the dedication of its volunteer leadership and active member participation. They help ensure AEM delivers quality results that continue to strengthen member companies and the industries they serve.”

AEM officers and directors come from an industry cross-section and work cooperatively on behalf of the entire membership. They provide strategic direction and guidance for Association initiatives that help members and the industry succeed in an ever-changing business environment. Key action areas include advocacy and public affairs, market information, exhibitions and events, and safety, regulatory and technical issues.

Johannes joined Wacker Neuson in 1994 and has held a variety of management positions including sales and product support for the U.S. international markets, business systems and information technology and ogistics. He has also worked in consulting and in international sales at Case IH and Tenneco Automotive.

Jeremy joined DISTek in 1998, serving many roles, including Vice President Engineering before becoming Executive Vice President and Chief Operating Officer. He has more than 20 years of experience developing software solutions for the ag and construction equipment industries.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019.

 

Learn more about AEM at www.aem.org.

Michelin and Camso recently reached an agreement whereby Michelin will acquire Camso

Michelin and Camso recently reached an agreement whereby Michelin will acquire Camso, headquartered in Magog, Quebec, Canada, and whereby the two companies’ off-the-road (OTR) operations will be combined to form a new division to be managed from Quebec. Led by a set of common values and a strong tradition of innovation and R&D at both Michelin and Camso, and backed by high-quality teams, the strategic partnership makes the newly created entity the world leader in OTR mobility.

Reporting net sales of US$1 billion, Camso has been designing, manufacturing and marketing OTR mobility solutions since 1982. Camso is a market leader in rubber tracks for farm equipment and snowmobiles, and in solid and bias tires for material handling equipment. It also ranks among the top three players in the construction market, in track and tire solutions for small heavy equipment. Leveraging its technological leadership in tracks and related systems, its competitive manufacturing footprint, particularly in Sri Lanka, and strong customer awareness of its CAMSO and SOLIDEAL brands, Camso has demonstrated its ability to grow rapidly, expanding at an average pace of 7% per year since 2012.

By joining forces with Camso, Michelin will create the world’s number one OTR market player, headquartered in Quebec. The business will benefit from the expertise of Camso’s management team and Michelin’s long-standing presence in Canada, both in Laval, Quebec and in Nova Scotia. As world leader, the new entity will represent more than double the net sales of Camso, supported by 26 plants and approximately 12,000 employees and will benefit from sustainably dynamic markets.

Thanks to the complementary positioning of the two companies’ product and service offerings, the transaction is expected to deliver the following benefits:

  • In marketing and sales:
  • In the agricultural market, the creation of a unique player providing its customers with a comprehensive range of premium radial tires and tracks.
  • In the construction market, Camso will reinforce Michelin’s offering with its bias tires and tracks offerings.
  • In the material handling equipment market, Michelin will leverage Camso’s renowned SOLIDEAL and CAMSO brands to become the market leader in solid tires.

The deployment of the new entity’s offer will be accelerated by the complementarity of both Michelin and Camso’s distribution networks.

  • In technology:

Cooperation between Camso and Michelin researchers will bolster the Group’s innovation capacity in tracks and airless tires. Cross-fertilization of R&D expertise will enable the teams to consolidate the Group’s position as a global technological leader in support of sustainable mobility, as Michelin’s headway in terms of long-lasting performance of tires is a differentiating factor and a key strength for reducing its environmental footprint. In addition, Michelin’s technological breakthroughs in reducing soil compaction while maintaining superior traction, for example, will contribute to the products that Camso develops.

  • In manufacturing:

A strong manufacturing presence of Camso in emerging markets, particularly in Sri Lanka and Vietnam.

Jean-Dominique Senard, Chief Executive Officer of the Michelin group, said: “Michelin and Camso have many values in common. This acquisition is a wonderful mutual opportunity. Michelin will benefit from all of Camso’s skills in the off-the-road mobility markets and Camso from the full range of Michelin’s expertise in the specialty markets.”

“Joining up with Michelin’s off-the-road teams is a fantastic opportunity for Camso because of the similarity of our cultures as well as our growth potential,” said Pierre Marcouiller, Executive Chairman of Camso. “Camso will achieve its ambition to become the global off-the-road market leader and will contribute its dynamic teams, its technical and manufacturing assets and its customer-focused mindset. The transaction has received the backing of all Camso’s shareholders.”

Through studies and discussions with Camso, Michelin has identified significant opportunities to increase sales and reduce costs, thereby unlocking up to US$55 million in synergies by 2021. After obtaining the customary approvals, Michelin will acquire Camso for US$1.45 billion, corresponding to an enterprise value of US$1.7 billion, i.e., a multiple of 8.3 times EBITDA* after synergies. The transaction will not impact the Group’s robust financial position.

As part of the transaction, Michelin has made the following commitments:

  • The OTR division’s decision-making center will be based at Camso’s headquarters in Magog. The management teams, including the top executive, will work out of the Magog office.
  • Headcount at Camso headquarters (300 employees, of which 100 in R&D) will remain stable, and existing R&D operations and production jobs in Quebec will be maintained.
  • The new skill sets required to oversee this global business, and the anticipated growth in the division’s net sales, will lead to the creation of new high-quality jobs in the Magog region in the coming years.

With this transaction, the Michelin Group is confirming its strategic commitment to expanding in the tires and services domains while rolling out its strategy in materials and distribution. Michelin also indicates that, following a thorough analysis, the synergies expected to result from the Fenner acquisition have been revised upward, to £60 $79.40 USD) million from the initially announced £30($39.70 USD) million