» Maschio & Gaspardo added to range of Products
2 July 2010
PFG Australia Pty Ltd has been appointed the exclusive importer of the Maschio & Gaspardo range of cultivation and seeding equipment for Australia
» Distribution Agreement signed with Same Deutz-Fahr
1 July 2010
PFG Australia Pty Ltd announced today that it has signed an agreement with SAME Deutz-Fahr to become the exclusive distributor of their tractors and related agricultural machinery products for Australia.
» New PFG Centre
19 April 2010
PFG Centre - VERSATILE TRACTORS opens doors
Doug Robinson General Manager of PFG Australia's Ag Division recently cut the ribbons to open the new dealership Versatile Tractors in Albany WA.
» TMI – Kioti-Daedong Top Selling Dealer
23 December 2009
Greg Clark, General Manager for Kioti-Daedong, recently announced TMI (Tractors, Machinery, Implements) Pty Ltd as the top selling Kioti Daedong dealer in Australia for 2009.<
» NSW Rural Fire Service takes delivery of MC135
11 November 2009
We are proud to announce that McCormick has just delivered a new MC 135 fitted with a Trima loader.
» McCormick wins big order for new tractors from hire firm
26 October 2009
One of Britain’s leading farm equipment hire companies, Hawk Tractors, has placed an order for almost 50 of McCormick’s new-generation XTX165.
» Stormhill wins McCormick Benalla Gold Cup
4 October 2009
Thousands of people turned up to the McCormick Benalla Gold Cup despite heavy rain clouds hanging over Benalla
» “I would never buy another breed of tractor”
24 September 2009
Ray Croxford, a contractor from Baddaginnie near Benalla in Victoria, purchased his third Landini tractor in March 2009.
» Tractor assists agricultural education
14 September 2009
Warragul and Druin Gazette 25th August 2009
» Korea's knock-out product punch
7 September 2009
Dealers from all around the country gave the “thumbs-up” to Kioti-Daedong’s new models. New Model Tractors from 45p to 100hp, a brand new utility vehicle and 4 new ride-on mowers.
ARGO’s 2008 financial statements approved
15 June 2009
Contributor: Karl Gawlik
The ARGO (McCormick & Landini) Group’s 2008 financial statements are approved
Under the chairmanship of Valerio Morra, the Board of Directors of Argo SpA approved the 2008 financial statements.
In an economic scenario penalized by extremely difficult market conditions, the Argo Group still achieved important developments thanks to its remarkable standing in the world’s markets. The Argo Group’s share of the market became stronger in Western Europe and North America, with significant growth in the Eastern European countries, in Africa, the Middle East and Far East.
Group development is testified by the results of the 2008 business year, which points to a consistent increase as compared to the previous year.
In 2008, Argo SpA achieved a group turnover amounting to 757 million Euros, thus a +12% increase over the previous year. The EBIT was 45 million Euros, while the profit prior to taxation was 14 million Euros.
85% of this turnover was obtained on the foreign markets, testifying to the Group’s increasing degree of internationalization.
In numeric terms, in 2008 the Argo Group manufactured 23,500 tractors and 9,570 agricultural machines, of which 1,040 were combine harvesters.
These values correspond to the following increase in turnover:
- Tractor Division: +10% over 2007
- Agricultural machinery division: +20% over 2007
Thus, the significant drop in the world demand in the sector did not prevent the results of the 2008 business year from being positive.
“Despite the steep downturn the general economy has sustained since the last quarter of 2008,” explained Valerio Morra, chairman of the group, "Argo has been able to embark upon initiatives that have re-organized the corporate processes while keeping the running costs down. This has attenuated the effects of the drop in the demand but without compromising the group's medium-long term development potential.
The 2009 results will be conditioned by the currently unfavorable economic-financial situation. To achieve satisfactory goals, Argo will concentrate its investments on the development of new products, on strengthening the dealer network and on improving the level of service for our customers.”