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Despite the pandemic s continuing grip on the U.S. economy, the agricultural market farm tire manufacturers in particular are optimistic about 2021 after upbeat sales in 2020. Higher crop prices and improved fundamentals are leading to renewed optimism in the agricultural sector and improving demand for farm equipment, John C. May, chairman and CEO of tractor manufacturer Deere & Co., said in the company s 2021 outlook.
Farm tractor and self-propelled combine unit sales experienced solid growth across the U.S., with some positive performance in most sectors in Canada as well, according to the Association of Equipment Manufacturers (AEM).
U.S. farm tractor sales increased 17.9% in 2020, while combines edged up 5.5%. For Canada, farm tractor sales grew 10.6% for 2020, while sales of self-propelled combines fell 13.9% for the year.
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AKRON Of the three OTR tire markets, construction took the biggest hit during the pandemic last year, but the industry seems to be recovering this year. Overall, there was a decrease in construction-related activity due to the COVID-19 pandemic, which affected the OE and replacement tire market in 2020. However, all signs point to a better year in 2021, which is great news, said Paul Hawkins, senior vice president, aftermarket sales, North America, for Titan International Inc. The markets took a dip in 2020 mainly in Q2 and Q3 as COVID-related shutdowns and quarantines took place. There was increased activity moving into the second half of the year, and we see that trend continuing into 2021, added Bruce Besancon, vice president, OTR sales for Yokohama Tire Corp.
Regnan Announces Hire Of Lecourt And Sharma Ahead Of Launch Of Sustainable Water And Waste Strategy
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LONDON and NEW YORK, Feb. 11, 2021 /PRNewswire/ Regnan, the responsible investment management business affiliated with J O Hambro Capital Management (JOHCM), announces the hire of Bertrand Lecourt, Senior Fund Manager, and Saurabh Sharma, Fund Manager, ahead of the launch of a global equities sustainable water and waste investment strategy later this year.
Lecourt and Sharma will join Regnan in April from Fidelity International and will be based in JOHCM s London office. They currently manage US$2.5 billion of assets within a sustainable water and waste strategy, including the US$2.4 billion Luxembourg-domiciled Fidelity Funds - Sustainable Water & Waste Fund and a US$88 million UK-domiciled OEIC fund. Both funds invest in companies involved in the design, manufacture or sale of products and services used in the water and w
Kioti Tractor
Kioti Tractor announced it will be entering the compact construction market with the development of a skid-steer and compact track loader. The new machines will be designed, manufactured and engineered by Daedong, Kioti s parent company, and will include a Kioti engine and powertrain. The addition signifies the company s ability to diversify product availability to support its ever-growing customer base.
During the announcement, Kioti introduced the all-new 2021 product line, which will include the NS Series of tractors, K9 2400 Cab utility vehicle, CX2510H Cab tractor, a field-option cab for the CS20 Series tractors and a line of grapples.
The new offerings were revealed at Kioti s annual dealer meeting. The meeting, centered around the theme of Savage Instinct, highlighted the determination of Kioti dealers and customers. Despite facing challenges in 2020, Kioti was able to celebrate an exceptional year of success virtually.