DULUTH, Ga.-Wednesday 17 October 2018 [ AETOS Wire ]
(BUSINESS
WIRE)-- AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and solutions, today
announces that Martin Richenhagen, Chairman, President and Chief
Executive Officer of AGCO Corporation, has been named a Chevalier
(Knight) of the Légion d'Honneur (Legion of Honor) by the government of
France. This high-ranking honorary decoration was bestowed during a
recent ceremony held at AGCO’s global headquarters in Duluth, in the
presence of the French Consul General in Atlanta, Louis de Corail.
The
Legion of Honor, established by Napoléon Bonaparte in 1802, is the
highest distinction conferred by the government of France. It is awarded
to recognize those people and organizations that have made outstanding
contributions to France in a variety of fields.
AGCO
began operations in France, when the group became the parent company of
the Massey Ferguson brand in 1994, taking ownership of the Beauvais
Massey Ferguson plant. Opened in 1960, the Beauvais AGCO site remains
today the Global Centre of Excellence for Massey Ferguson engineering
and manufacturing, as well as the first private employer of the whole
Picardie region. Summing up its operations from Beauvais, Ennery and
Courcouronnes, as well as its joint ventures GIMA and AGCO Finance, AGCO
has approximately 2,500 employees in the country. As continental
Europe's second largest economy, and one of the largest markets for farm
machinery, France represents a strategically important market for AGCO.
In France, AGCO actively drives business activities centered on the
design, manufacture and distribution of farm machinery, strongly
contributing to the French economy.
This
decoration is in recognition, under Martin Richenhagen’s leadership, of
AGCO’s contributions to the development of France and France-USA
relations.
Conferring
the Legion of Honor on behalf of French President Emmanuel Macron, Dr.
Monique Seefried, Chevalier in the Order of the Legion of Honor said: "I
would like to thank Martin Richenhagen for his personal commitment and
trust in our country's economy. I pay tribute, through him, to the
strength of AGCO Corporation, a global leader in the design, manufacture
and distribution of agricultural machinery and solutions, and to its
willingness to expand and develop in Europe, and especially in France
where AGCO’s French-made tractors are admired and respected. Tractors
embody our past and our future, linking our ancient human roots in
agriculture to the technological progress of the 20th century. Tractors
bring us back to the land, to the oldest profession of farming while
heralding the power of machinery and industry.”
Martin
Richenhagen commented: “It is indeed an honor and privilege to receive
this prestigious decoration from the French Government. I am delighted
and proud to have our French operations receive such high recognition.
In developing our business in Europe, a region which for AGCO is first
in revenue contribution, France is a strategic market of great
importance. During the past six years, we have invested more than 300
million euros in our Beauvais and Ennery operations, creating close to
300 new jobs to support our ambition for growth. This would not have
been possible without the outstanding commitment of our 2,500 employees
and this recognition is also theirs. We truly consider France as a
business friendly environment supported by an entrepreneurial policy led
by President Emmanuel Macron. We hope to make ever-more progress in our
development, to contribute to further growing the relationship between
France and the USA.”
Martin
Richenhagen was selected by the Board of Directors in March 2004 as
President and Chief Executive Officer of AGCO Corporation. He was
appointed to Chairman of the Board on August 15, 2006.
Under
his leadership, AGCO’s operations in France has been through
outstanding transformation and success including the following key
milestones:
2013
– The Beauvais 2 Cab facility and International Sales Training Centre
for the Massey Ferguson brand opens. This 15.5 million euros investment
created 100 new jobs.
2016
– The Beauvais site receives two coveted awards: Best Foreign Exporter
2016 as the first producer and exporter of farm machinery in France; and
Factory of Year 2016 for its lean manufacturing implementation and
number one in quality approach.
2017
– At Ennery, AGCO’s European Parts Warehouse and Distribution Centre
moves from 30,000 m² to 100,000 m² and will create 62 jobs by the end of
2018 after a 2.1 million euros investment.
2018
– Only five years after the opening of its new cab facility, on August
28th, AGCO launches the operations of its new Logistic Centre in
Beauvais after investing another 11 million euros and creating 103 new
jobs.
About AGCO
AGCO
(NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural solutions and supports more productive
farming through its full line of equipment and related services. AGCO
products are sold through five core brands, Challenger®, Fendt®, GSI®,
Massey Ferguson® and Valtra®, supported by Fuse® precision technologies
and farm optimization services. Founded in 1990, AGCO is headquartered
in Duluth, GA, USA. In 2017, AGCO had net sales of approximately $8.3
billion. For more information, visit http://www.AGCOcorp.com. For
company news, information and events, please follow us on Twitter:
@AGCOCorp. For financial news on Twitter, please follow the hashtag
#AGCOIR.
Contacts
AGCO
Ulrich Stockheim, +17708136002
Chief Communications Officer
Ulrich.Stockheim@AGCOcorp.com
Cell: +491732993545
or
Xavier Arruego, +33344112940
Manager, Public Relations AGCO EME
Xavier.Arruego@AGCOcorp.com
Cell: +33670657700
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