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AGCO and Russian Machines form joint venture

BY HBSDEALER Staff

AGCO is teaming up with Russian Machines on a new joint venture involving the manufacture and distribution of agricultural equipment in Russia.

Operations are expected to begin in early 2014 at a facility in Golitsyno, near Moscow. Together, the two companies will have equal ownership and will invest approximately $100 million over the next three years. The vision involves AGCO bringing more of its high-tech products to Russia, with Russian Machines facilitating production and local business development.

"This joint venture is a very significant step in AGCO’s growth strategy for the Russian market,” said Martin Richenhagen, AGCO chairman, president and CEO. “The agricultural sector in Russia has significant potential but needs modernization and efficiency gains. The joint venture between AGCO and Russian Machines is to join forces in bringing local farmers a wide range of professional farming equipment, technologies, services and solutions.”

The new manufacturing facility will have an area of 12.5 hectares, which includes 27,000 square meters of production facilities. There are also plans for a Model Farm and a training center for customers and dealers.

The venture is aimed at offering comprehensive agricultural solutions to medium and large-scale farmers, including financing, insurance and other support services.

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Eco Building Products sets sights on brushfire-prone Australia

BY HBSDEALER Staff

Eco Building Products is expanding its market to Australia, with products hitting the shelves potentially before the end of the year via its Australian affiliate and sales agency, Eco Red Building Products Australia PTY LTD.

The company cited the country’s significant termite problem and the impending Australian summer, known for its brushfires and hot, dry climate, as a motivating factor in this strategic expansion.

"Australia has had its share of devastating events caused by fires, and we are very excited about introducing Eco Red Shield protected lumber products to this market," said Shawn Simmons, operations manager at Eco Red Building Products Australia. "We are certain that these products have the potential to protect many properties and lives, and are confident that the authorities also recognize the need."

"We see a huge demand in Australia for ECOB’s range of defensive products," added Damian Bartholomeusz, manager of finance & regulations in Australia. "Through ECOB, we see that we can educate the community that there are cost-effective solutions now available, capable of preventing and managing these seasonal disasters and the associated costly damage in their own back yard."

Steve Conboy, president and CEO of Eco Building Products, Inc., said the company plans to create demand first while determining where to set up the first coating facility.

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Dave Mumford steps in as Kraus USA president

BY HBSDEALER Staff

Carpet and flooring dealer Kraus Group has appointed Dave Mumford as president of its USA division.

"Dave Mumford is a tireless champion of customer service, and with his extensive knowledge and experience in the flooring industry, I am looking forward to seeing him take Kraus USA to the next level of growth", said Steve Malinowski, president and CEO of the Kraus Group of Companies. "Dave has exhibited tremendous dedication and belief in the new Kraus, and I am very pleased to be able to make this announcement today."

Mumford has been with Kraus for a total of 30 years, having joined the company when the US division was operating as Source. His previous roles with Kraus included VP US Sales, regional sales manager and territory sales representative.

”The improvements that have been demonstrated by the new management team at Kraus has created an exciting time of incredible potential for Kraus", said Mumford. "I look forward to taking on the responsibilities and challenges as President of the US division."

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