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AGCO : New AGCO Representative Appointed to AEM Safety Council

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01/13/2011 | 02:05pm CET

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced Todd Howatt, Senior Project Engineer, Product Safety and Compliance, has been appointed to the Technical and Safety Council (TSC) of the Association of Equipment Manufacturers (AEM), the North American-based international trade group representing the off-road equipment manufacturing industry. Mr. Howatt replaces Ed Swenson, Director of Engineering at AGCO's Hesston facility, as AGCO's voting representative to the Technical and Safety Council. AEM, headquartered in Milwaukee, Wisconsin, with offices in the capitals of Washington, D.C., Ottawa, Beijing and a European presence in Brussels, represents more than 800 companies in the agriculture, construction, forestry, mining and utility sectors.

Ed Swenson served two years as TSC Chairman. During his chairmanship the TSC has provided an increased focus of safety with specific seminars on key topics relative to member products and standards. In addition, Swenson has provided leadership in driving the adoption of global ISO standards and the funding of standards development work through AEM.

Todd Howatt, who is responsible for AGCO's safety and homologation compliance at AGCO's Jackson facility, will continue the mission of the TSC to ensure early recognition of merging issues and seek their satisfactory resolution; to provide an industry forum for the exchange of technical information, provide encouragement and assistance to product groups and other AEM groups that conduct technical activities and programs; to encourage the establishment of programs aimed at minimizing accidents involving members' products; and to advise the AEM Board of Directors on technical matters.

ABOUT AGCO

AGCO, Your Agriculture Company, (NYSE: AGCO) was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements, and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,700 independent dealers and distributors, in more than 140 countries worldwide. AGCO provides retail financing through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In 2009, AGCO had net sales of $6.6 billion. Please visit our website at http://www.AGCOcorp.com.

For AGCO
Press contact:
Rebecca Fabian, +1-212-490-4825
rf@stockheim-media.com


© Business Wire 2011
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Financials ($)
Sales 2017 7 451 M
EBIT 2017 339 M
Net income 2017 195 M
Debt 2017 1 123 M
Yield 2017 0,90%
P/E ratio 2017 25,09
P/E ratio 2018 20,50
EV / Sales 2017 0,82x
EV / Sales 2018 0,77x
Capitalization 4 955 M
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Number of Analysts 18
Average target price 57,9 $
Spread / Average Target -6,1%
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Martin H. Richenhagen Chairman, President & Chief Executive Officer
Andrew H. Beck CFO, Principal Accounting Officer & Senior VP
Helmut R. Endres Senior Vice President-Engineering
P. George Benson Independent Non-Employee Director
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