AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced that its AGCO Power™ division is opening new production facilities in Linnavuori, Finland, strengthening the competitiveness of manufacturing and highlighting the importance of the circular economy in modern power generation. The investment, valued at €54 million, is part of AGCO Corporation's previous €70 million commitment to the Linnavuori engine plant.
The new facilities include a state-of-the-art machining hall for manufacturing Continuously Variable Transmission (CVT) components and cylinder heads for AGCO Power's latest CORE engine. The expanded remanufacturing area increases the plant's capacity to produce remanufactured engines.
AGCO Power is part of AGCO Corporation. The Linnavuori plant manufactures engines for AGCO's world leading tractor brands – Fendt®, Massey Ferguson® and Valtra®.
AGCO's Global Center of Expertise in Finland
"This machining investment strengthens Linnavuori's role as AGCO's global center of expertise for engines. We are investing in cutting-edge production technology and sustainable solutions that support farmers around the world," says Kelvin Bennett, Senior Vice President of Engineering at AGCO.
Linnavuori, already Finland's largest transmission gear manufacturing site by volume, has expanded its capacity with the addition of 5,600 square meters of new production space.
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