Home   News

Lindsay Corp to Invest $50 Million in Its Nebraska Irrigation Manufacturing Plant

Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, has announced plans to invest more than $50 million over the next two years in its largest global manufacturing facility located in Lindsay, Neb.

Plans for the modernization of the facility include implementing Industry 4.0 technologies, including data connectivity, analytics, artificial intelligence and the additions of automation and robotics. The facility will house new equipment and the latest advancements in galvanizing, a core process for manufacturing pivot irrigation systems and road safety products.

Lindsay will also expand the facility footprint by 40,000 square feet to allow for increased capacity and capabilities in metal forming.

This investment is the largest in Lindsay's history. The company expects to begin capital spending in the second quarter of fiscal 2024 and complete the facility modernization by the end of 2025.

Source : Farm Equipment

Trending Video

Wheat gave back some gains Tuesday | Market Minute for 3/5/24

Video: Wheat gave back some gains Tuesday | Market Minute for 3/5/24

Brownfield Commodity Market Reporter John Perkins has your look at the lower moves in soybeans, corn, and wheat, the higher close for cattle, and the mixed finish in hogs.