Excellence in Manufacturing Consortium is opening its Member Needs Help service to all Canadian manufacturers to help them navigate the U.S./Canada trade crisis.
Tag Archives manufacturing
EMC unveils Canada/U.S. trade relations service
Non-profit asks manufacturers to pose questions, provide answers
Leon Manufacturing for sale
Yorkton manufacturer's assets for sale as part of receivership process
The company, along with Ram Industries Inc., was placed in receivership June 11 after numerous financial difficulties were reported and the company missed payments to BMO. It owes BMO more than $16.6 million.
Profits up at agriculture equipment makers
Higher sales and profit margins boost the balance sheets of major agricultural implement makers
As the height of the pandemic fades, COVID-induced problems for the big farm equipment brands are starting to ease. Their sales numbers have seen a post-pandemic jump. Sales of utility and compact utility tractors have declined sharply from an artificial high, which was attributed to acreage owners stuck at home during the pandemic and spending […] Read more
CNH to temporarily shut several plants in Europe
Eight-day shutdown due to supply disruptions
Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working […] Read more
Deere lifts 2021 forecast on solid equipment demand
Reuters — Deere and Co. on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The world’s largest farm equipment manufacturer now expects net income in fiscal 2021 to be between $5.7 billion and $5.9 billion, up from a range […] Read more
3D printing grows in popularity
Greater knowledge of the technology’s capabilities and data-mapping process drives use by companies and individuals
The number of uses for 3D printing in the agriculture sector continues to grow as expired process patents, better materials and greater awareness of the technology allow more people to bypass traditional barriers and inefficiencies in parts manufacturing. Companies from many sectors have found 3D printing to be a cost-effective method of prototyping new parts […] Read more
AGI to buy into soil microbe breeding firm
Machinery maker to take minority stake in MyLand
A U.S. company ramping up a system to harvest, reproduce and restore beneficial microbes from a field’s own soils, as a way to restore peak fertility, expects to get backing soon from a Canadian farm equipment maker. Winnipeg-based Ag Growth International (AGI) said Monday it has signed a conditional letter of intent with Phoenix-based MyLand […] Read more
Alberta ag lender drops rural business loans
AFSC not taking new applications for program
A program offering term loans to small- and medium-sized businesses in rural Alberta is off the provincial ag lending agency’s menu. Alberta’s Agriculture Financial Services Corp. (AFSC) announced Thursday it had discontinued its Rural Business Loan Program effective immediately, so as to “concentrate its efforts on agricultural producers and agribusinesses.” The decision means no new […] Read more
Court approves Morris Industries’ sale to Rite Way
Yorkton plant, not included in deal, to close
Seeding equipment manufacturer Morris Industries has been approved for sale to another Saskatchewan manufacturer — minus its Yorkton manufacturing plant, which is not part of the sale and is now expected to close by year’s end. Judge Shawn Smith of Court of Queen’s Bench in Saskatoon on Friday approved the sale of Morris to a […] Read more
Buhler pulls Farm King manufacturing back to Canada
Work to halt at Minnesota plant early next year
Winnipeg farm equipment maker Buhler Industries is relocating its Farm King manufacturing work back to Canada from the U.S. this winter. After consolidating its U.S. manufacturing this summer into one plant at Willmar, Minn., about 140 km west of Minneapolis, the company said Thursday it will also halt production at Willmar in early 2021. Buhler, […] Read more
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