Business Wire

AGCO China Announces Strategy for China Rural Market Development

9.9.2015 15:30 | Business Wire

Del

AGCO (NYSE:AGCO), a world-leading manufacturer and distributor of agricultural equipment, today signed a memorandum of understanding (MOU) with the Alibaba Group in Shanghai to start an “Internet-plus-Agriculture” crossover program.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150909006229/en/

AGCO Executives sign memorandum of understanding with Alibaba Group's Taobao business division to st ...

AGCO Executives sign memorandum of understanding with Alibaba Group's Taobao business division to start "Internet-plus-Agriculture" crossover program. (Photo: Business Wire)

AGCO Senior Vice President, General Manager of Asia Pacific, Gary Collar and Fred Yang, Vice President, Managing Director of AGCO China, attended the signing ceremony, along with Frank Yu, Senior Director of Alibaba Group’s Rural Taobao business division. Rural Taobao is responsible for promoting rural e-commerce by removing bottlenecks in logistics and information flow between urban and rural areas.

According to the MOU, AGCO products will be featured on Rural Taobao’s online platform (cun.taobao.com), which is dedicated to offering agricultural resources and consumer goods to rural villagers in China. At the same time, both parties agreed to extend their cooperation to cloud computing and big data, aiming to promote the development of “modern agriculture” and “intelligent agriculture” in China. In addition, both parties look forward to expanding the cooperation in rural finance and other areas.

“We are entering a global phase of the ‘Internet Plus’ age. The merging of internet and traditional industries is set to go deeper still and will lead to the creation of new development formats,” said Mr. Collar. “Agriculture as a primary industry will certainly be one of the key forces to drive the economic transition and accelerate this revolutionary innovation in the industrial model.”

The MOU objectives are aligned with government policy for the development of the agricultural sector in China. According to the ‘Made in China 2025’ initiative, approved by China’s State Council in March, the agricultural machinery industry is one of several industry sectors that will be prioritized under its “intelligent manufacturing program.” This will draw on information technology, data technology and the Internet of Things in the design, processing, testing and assembly of agricultural machines. The Chinese government made clear its intention to prioritize investment in agricultural and rural areas, develop the pilot-financing and rental projects for large-sized agricultural machinery, strongly encourage agricultural machinery leasing and press forward with the reform of rural financing systems.

“This strong strategic cooperation between AGCO and Alibaba happens in the context of economic development and is a pioneering act in the agriculture machinery industry,” said Mr. Yang of AGCO China. “As a responsible international company and with the favorable policies of the Chinese government, AGCO is looking to adapt and promote the merging of modern agriculture with mobile internet, big data, cloud computing and the Internet of Things, and to stimulate innovation in modern agricultural production, new business patterns and industry models. Meanwhile, AGCO will further enhance our production quality, sales efficiency and service so that our product information and services can reach our customers in a more timely and complete manner.”

“China is entering an explosive growth period in information consumption industries. It is estimated by 2015 the amount will exceed 3,200 billion yuan, an increase of over 20% compared to 2014,” said Mr. Yu of Rural Taobao. “We are honored to join hands with AGCO Corporation to bring world-class agricultural machinery to rural villagers across China, along with other areas of collaboration. This underscores our commitment to connecting rural villagers with agricultural resources and consumer goods that can help elevate their productivity and standard of living.”

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural equipment. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, grain storage and protein production systems, seeding and tillage implements and replacement parts. AGCO products are sold through five core equipment brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® and are distributed globally through a combination of approximately 3,100 independent dealers and distributors in more than 140 countries. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2014, AGCO had net sales of $9.7 billion. For more information, visit http://www.AGCOcorp.com.

AGCO: 25 years of identity, centuries of history

Contact information

AGCO China
Susan Fan, +86 (10) 5706 2928
susan.fan@agcocorp.com
or
Instinctif Partners
Sandra Sun, +86 (21) 6441 6701
sandra.sun@instinctif.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

IBC’s Big Screen to Explore the Future of Camera and Display Technologies and the Business Behind Cinema22.8.2017 16:58Pressemelding

IBC today announced the details of its Big Screen programme, taking place in a specially built auditorium designed to IBC’s specifications and featuring the very latest in cinema technology. With the latest Dolby Vision dramatic imaging and Dolby Atmos immersive audio sound installation, the four-day programme examines and demonstrates the hottest topics, themes, and insights surrounding the art, science, and business of cinema - from capture through to exhibition. As well as being the home of the Big Screen programme, the auditorium will screen in Dolby Vision and Dolby Atmos, Baby Driver, the acclaimed Edgar Wright feature from 2017. The programme for 2017, which has been shaped by a committee of global industry professionals, is an insightful examination of the future of cinema. From virtual reality in cinema to laser and camera assessments, visitors will get up to speed

Digi Communications N.V. Announces the Publishing of an Update to the Investigation by the Romanian National Anti-Corruption Directorate22.8.2017 16:38Pressemelding

In connection with the investigation triggered by the Romanian National Anti-Corruption Directorate (“DNA”), which we have previously disclosed to the market and to our investors in the initial public offering prospectus dated 26 April 2017, in the supplemental prospectus dated 8 May 2017 (together, the “Prospectus”), as well as in the subsequent public reports, we inform you that, based on the public release no 832/VIII/3 issued on 22 August 2017, the DNA sent to court under the judiciary control Mr. Ioan Bendei (Vice-president of the Board of Directors of RCS & RDS S.A. – the Company’s subsidiary („RCS&RDS”)) in connection with the offences of bribery and accessory to money laundering, as well as RCS&RDS in connection with the offences of bribery and money laundering, INTEGRASOFT S.R.L. (one of RCS&RDS’s subsidiaries in Romania) in connection with the offence of accessory to mon

SailPoint Named a Leader in Cloud-based Identity Governance22.8.2017 14:00Pressemelding

SailPoint, the leader in enterprise identity management, was recently named the overall market leader in KuppingerCole’s 2017 “Leadership Compass: Identity as a Service: Cloud-based Provisioning, Access Governance and Federation.” In addition to being named a leader in every category of the report, SailPoint received superior rankings in four of the five evaluation criteria: security, functionality, interoperability and usability. KuppingerCole is an international and independent analyst organization with a strong focus on Information Security and Identity and Access Management. KuppingerCole’s Leadership Compass reports provide an in-depth analysis of the main players in the market, defining each as a follower, challenger or leader. The Leadership Compass Report for IDaaS evaluates leaders in innovation, product features, and market reach for identity-as-a-service offerings tar

Meggitt Training Systems to Exhibit at DSEI 201722.8.2017 14:00Pressemelding

Meggitt Training Systems, the leading provider of integrated live-fire and virtual weapons training products and services for armed forces and law enforcement, will participate at Defence and Security Equipment International (DSEI) through the Georgia Department of Economic Development. The military and security industry event will be held September 12-15, 2017 at ExCeL in London, England. “Today’s threats necessitate maximum realism, despite stretched budgets, and that’s what Meggitt provides to government and commercial customers globally,” said Mark Mears, managing director at Meggitt Training Systems, Ltd. “Although proudly based in Georgia, Meggitt Training Systems is part of Meggitt PLC, a UK-headquartered corporation. As such, we particularly look forward to engaging with current and prospective customers at DSEI, the UK’s largest defense and security trade show.” On

Camelbay Real Estate Management NL B.V. Selects Yardi Voyager22.8.2017 13:58Pressemelding

Camelbay Real Estate Management NL B.V. will utilise Yardi Voyager® 7S, a browser-agnostic, fully mobile Software-as-a-Service platform, as its accounting and property management platform. Camelbay will use Yardi Voyager to streamline its property management, leasing and accounting processes for its Dutch real estate portfolio, which is predominantly comprised of commercial office assets. “The automation, transparency and fully integrated accounting and property management that Voyager provides will help us manage our daily financial and operational activities more efficiently and enhance our competitive position within the Dutch office market,” said Alon Levy, Director of Camelbay Real Estate Management NL B.V. “We are very pleased to welcome Camelbay as our latest client in the Netherlands,” said Neal Gemassmer, Vice President of International for Yardi.

Laser Design CyberGage®360, Automated 3D Scanning & Inspection System Adopted by Proto Labs in their State-of-the-Art Metrology Lab22.8.2017 13:44Pressemelding

Laser Design, Inc., a subsidiary of CyberOptics (NASDAQ:CYBE), and premier provider of ultra-precise 3D scanning systems and services, announces the adoption of the CyberGage360 3D Scanning and Inspection system by Proto Labs, the world’s fastest digital manufacturing source for custom prototypes and low-volume production parts providing unprecedented speed-to-market value for designers and engineers. “At Proto Labs, we strive to challenge the traditional rules of manufacturing in order to deliver custom manufactured components at unprecedented speeds,” said Dylan Lundberg, Senior Manufacturing Engineer of Protoworks, Proto Labs’ R&D lab. “Everything we do revolves around reducing our customers’ time to market and we do that by digitalizing the entire manufacturing process. From our front-end services to our proprietary processes on the manufacturing floor, you will find thr

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom