Business Wire

AGCO China Announces Strategy for China Rural Market Development

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

DXC Technology Named a 2018 Thomson Reuters Top 100 Global Technology Leader18.1.2018 23:12Pressemelding

DXC Technology (NYSE: DXC) has been recognized as a 2018 Top 100 Global Technology Leader by Thomson Reuters. The inaugural program identifies the tech industry’s most operationally sound and financially successful organizations. The Thomson Reuters Top 100 Global Tech Leaders study, the industry’s first holistic assessment of today’s leading tech companies, utilizes a 28-point data-driven algorithm to objectively identify organizations positioned to thrive in a complex and changing business environment. The patent pending methodology, developed by the Thomson Reuters Boston Innovation Lab, is based on eight principal pillars of performance: Financial Performance, Management and Investor Confidence, Risk and Resilience, Legal Compliance, Innovation, People and Social Responsibility, Environmental Impact, and Reputation. According to Thomson Reuters, these are the companies whose final scores across the pillars outshine over 5,000 other technology companies around the world. “DXC Techno

IFF Honors Dominique Ropion with Prestigious Master Perfumer Title18.1.2018 21:15Pressemelding

Regulatory News: This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180118006275/en/ Dominique Ropion (Photo: Business Wire) International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF), a leading innovator of sensory experiences that move the world, has named Dominique Ropion Master Perfumer. The Company’s designation recognizes perfumers who have demonstrated consistent and outstanding levels of creativity and craftsmanship in the art of perfumery, and exceptional leadership in and measurable impact on the industry. Mr. Ropion is the second perfumer at IFF recognized with the prestigious title, which was established in 2013. “At the heart of IFF are the people who consistently go above and beyond to passionately pursue their art and by doing so, revolutionize the industry,” said IFF Chairman & CEO Andreas Fibig. “In his 17 years with us, Dominique has consistently achieved this outstanding level of creativity and p

The Securities & Exchange Commission Announces Several Judgments And Injunctions Entered Against Defendants In The SEC v. Benger, et al. Litigation18.1.2018 19:21Pressemelding

The following statement is being issued by the Securities & Exchange Commission regarding Benger Fair Fund Class Action: Legal Notice BENGER FAIR FUND NOTICE The United States Securities and Exchange Commission authorized this Notice. This is not a solicitation from a lawyer. If you purchased or otherwise acquired China Voice Holding Corp., Biomoda, Inc., Pharma Holdings Inc., World Energy Solutions, Inc., Revolutions Medical Corp., Earthsearch Communications, Inc., and Essential Innovations Technology Corp. common shares from Defendants outside of the United States between March 1, 2007 and February 28, 2009, inclusive (the “Relevant Period”), you may be entitled to receive a monetary payment from the Benger Fair Fund (“Fair Fund”). Background In the action titled Securities and Exchange Commission v. Benger, et al. pending in the United States District Court for the Northern District of Illinois, Case No. 09-CV-676, several judgments and injunctions were entered against defendants Ha

Pharnext’s Pivotal Phase 3 Trial PLEO-CMT to Be Featured at the 22nd Edition of the Francophone Peripheral Nerve Society Conference18.1.2018 16:45Pressemelding

Regulatory News: Pharnext SA (Paris:ALPHA) (FR0011191287 - ALPHA), a biopharmaceutical company pioneering a new approach to the development of innovative drugs based on the combination and repositioning of known drugs, today announced the Company will present an update from its ongoing pivotal Phase 3 clinical trial PLEO-CMT evaluating PXT3003 for the treatment of Charcot-Marie-Tooth type 1A disease (CMT1A), in an oral session during the 22nd edition of the Francophone Peripheral Nerve Society conference. The gathering will take place on January 26-27, 2018 in Paris (France). Details of the presentation are as follows: Date Time Session Friday January 26, 2018 From 3:03 to 3:15pm CET Selected Oral Communications Session Title: Status of the Pivotal Phase III Study (PLEO-CMT) Assessing the Efficacy and Safety of PXT3003 in the Treatment of Adult Patients with Charcot-Marie-Tooth type 1A Speaker : Prof. Shahram Attarian (Marseille) For more information about the event please visit : www.

ExaGrid Selected as Finalist for Storage Magazine’s 2017 “Product of the Year – Backup and DR Hardware” Award18.1.2018 16:45Pressemelding

ExaGrid®, a leading provider of hyper-converged secondary storage for backup, today announced that its EX Series of backup storage appliances with data deduplication has once again been selected as a finalist for TechTarget’s Storage magazine/SearchStorage.com 2017 “Product of the Year” award in the “Backup and DR Hardware” category. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180118006039/en/ These annual awards, now in their 16th year, showcase the year’s latest and greatest innovations in technology. “These premier awards are of particular import as the panel of judges are genuine experts in an increasingly complex segment of data center technology,” said Bill Andrews, CEO and President of ExaGrid. “To have been selected given their stringent criteria is an honour of which we’re quite proud.” Only ExaGrid uses a scale-out architecture with a unique loading zone, which addresses all of the scalability and performance cha

Piraeus Bank Completes the Sale of a Portfolio of €0.2bn of Romanian Originated Loans to Kruk Group18.1.2018 16:22Pressemelding

Piraeus Bank SA, in conjunction with Piraeus Bank Romania (together “the Bank”), have completed the sale of a portfolio of €0.2bn of Romanian originated loans to Kruk Group. The sale, together with sales of Romanian loans of €0.4bn in previous periods, have been part of the Bank’s focused and systematic actions, targeted to fulfill its restructuring plan obligations, NPE operational targets and de-risk its balance sheet. View source version on businesswire.com: http://www.businesswire.com/news/home/20180118006013/en/ Contact information Media enquiries: Piraeus Bank Group George Papaioannou, Head of Press Office +30 210 3288 830 or Powerscourt Alex Rowbottom +44 (0)20 7250 1446

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

Besøk vårt presserom