Agco News

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YEAR, $42 MILLION EXPANSION OF MINNESOTA FACILITY May 9, 2013 Source: AGCO news release AGCO, Your Agriculture Company , has begun further expansion of its Jackson, Minn., manufacturing center.

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The AGCO Corporation broke ground Tuesday on a $42 million expansion at their manufacturing plant in Jackson.

The Duluth, Ga.-based agricultural equipment maker said it is increasing production capacity to help meet demand for high-horsepower wheeled tractors and application equipment built at the Minnesota plant.

First Majestic Silver is focused entirely on Mexico, one of the world's better mining jurisdictions.

Martin Richenhagen, chief executive officer of Agco Corp., talks about the company's global sales of agricultural equipment, the U.S. soybean and corn crops, and business in India.

FIRST MAJESTIC SILVER CORP. is pleased to announce that the expansion that commenced at the La Guitarra Silver Mine in November 2012 is now complete.

A model of Milton artist/blacksmith Michael Dillon's sculpture for the Duluth Roundabout was unveiled at a reception Tuesday for citizens who attended to meet the artist and view the design.

AGCO Corp. on Tuesday announced a ground-breaking ceremony next week for a multi-year, seven-phase "Jackson Fast Forward" expansion and upgrade initiative.

Agco overshadowed competitor CNH Global by raising its guidance for full year profits, and seeing its shares soar despite, like its rival, being hit by the slowdown in Europe's farm equipment market.

The Duluth, Ga.-based agricultural equipment maker's first-quarter profit was down a bit on weak demand in Europe, Africa and the Middle East.

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Michael Dillon, the artist/blacksmith selected by Duluth's Gateway Art Project Committee to create and install a sculpture in the Roundabout, will be introduced and his design unveiled Tuesday, April 30.

They currently have a $10.90 price target on the stock. Other equities research analysts have also recently issued reports about the stock.

"First Majestic Silver has been downgraded by TheStreet Ratings from hold to sell.