AGCO Corporation Opens New Strategic Headquarters for European and Asia Pacific Regions.New Headquarters Facilitates Growth Strategy and Distinct Positioning of Four Core Brands in Europe and Asia DULUTH, Ga. -- AGCO AGCO Alcohol and Gaming Commission of Ontario AGCO Anderson, Greenwood, & Company AGCO After Google Check-Out Corporation (NYSE NYSE See: New York Stock Exchange : AG), a worldwide manufacturer and distributor of agricultural equipment announced the opening of a new European headquarters in Schaffhausen, Switzerland. "AGCO is following an aggressive growth strategy and the new headquarters, in the very heart of Europe, will manage and control key strategic initiatives to continue our global growth strategy," comments Gary Collar, Senior Vice President and General Manager Europe, Africa, Middle East (EAME n. 1. Uncle. ) and East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. Pacific (EAPAC). The new offices will serve as a center for the management of the company's business throughout the EAME and EAPAC region. Duluth, Georgia Duluth is a city in Gwinnett County, Georgia, and a suburb of Atlanta located in the Metro Atlanta area. Unincorporated portions of northeast Fulton County and Forsyth County also have Duluth as a mailing address, though this area is technically outside city limits. will remain the worldwide headquarters of the company. "The strategic management of AGCO EAME (Europe, Africa, Middle East) will work under one roof to enhance and facilitate the exchange of ideas, best practices and implementation of pan-European processes," explains Hubertus Muehlhaeuser, Senior Vice President, Strategy & Integration. "In this way, AGCO's organic growth strategy is driven forward. Decisions can be taken quicker and the rapid implementation of strategic projects is facilitated. The European headquarters will reinforce the efficiency and competitiveness of the company." A pillar of this strategy is the distinct positioning of AGCO's brand portfolio. The four core brands Fendt, Massey Ferguson Massey Ferguson Limited is a major agricultural equipment manufacturer. Originally started in Canada it became one of the country's largest industrial concerns in the 1960s. , Valtra and Challenger must complement each other in different areas to realize synergies and to increase the level of cooperation among the AGCO family of brands. The responsible brand managers will coordinate their activities in the new AGCO offices. The European headquarters will be located in Schaffhausen in Switzerland. Geographically in the heart of Europe, Switzerland offers an excellent business infrastructure. Employees will begin relocating to the new headquarters during 2007, with all key business functions being handled from this office by 2010. About AGCO Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO([R]), Challenger([R]), Fendt([R]), Gleaner([R]), Hesston([R]), Massey Ferguson([R]), New Idea([R]), RoGator([R]), Spra-Coupe([R]), Sunflower([R]), Terra-Gator([R]), Valtra([R]), and White([TM])Planters Planters is an American snack food company under Kraft Foods manufacturing, best known for its nuts and the Mr. Peanut icon that symbolizes them. Started by Italian immigrants Amedeo Obici and Mario Peruzzi in Wilkes-Barre, Pennsylvania, in 1906, it was incorporated in 1908 . AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2006, had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $5.4 billion. |
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