Kubota Sets Sales Target for High HP Tractors
Feb 06, 2014
What goes around comes around, and yet again I’m picking up on rumors that Kubota is almost ready to announce its plan for high horsepower tractors
We’ve reported on this here.
Two weeks ago, Reuters reported some quotes from company president Yasuo Masumoto saying Kubota was seeking a joint venture with a European or U.S. company this year to produce tractors with a horsepower of at least 200. Although the company previous said it wanted to acquire a maker of high horsepower tractors, Masumoto that route would take too much time, and he is setting his target on selling 300 of these larger tractors by March 2016. Read more here.
In December 2013, Kubota announced its plans to construct a new factory in France specifically to produce 170 hp tractors for European , U.S., Australian and Japanese markets . Production from that facility should begin in April 2015 with a production capacity of 3000 units a year. Read more here.
Most recently, Kubota announced its acquisition of Kverneland in May 2012 yielded the launch of Kubota branded hay tools in the US. Those started getting delivered to dealers this month. Read more about that here.
I'll keep my ears open as this develops!