AGCO, a global leader in the design, manufacture and distribution of agricultural machinery and solutions today announced its inclusion in the 2020 Fortune 500. This year again the AGCO group is ranked in the prestigious group of American companies.
Fortune 500 is an annual list compiled and published by global business magazine Fortune that ranks the 500 largest U.S. corporations measured by their revenue.
This is the 17th year that AGCO is among the most prestigious companies in America.
AGCO’s Fortune 500 recognition follows a recent announcement of solid quarterly earnings and impressive feedback from the Equipment Dealers Association’s (EDA) 2020 Dealer-Manufacturer Relations Survey of dealers throughout North America. The EDA study rates manufacturers in several critical categories, including overall satisfaction, product quality and availability, product technical support and communications. AGCO is the survey’s only full-line original equipment manufacturer to exhibit gains in dealer overall satisfaction for the last six consecutive years. The company also places in the top three rankings across all the survey’s categories.
“AGCO’s Fortune 500 and earnings performances are clear indications of a strong and vibrant company. Our continued strength exhibited in the EDA survey is especially gratifying, as it directly reflects healthy relationships between AGCO and our dealers in North America,”
says Bob Crain, senior vice president and general manager of AGCO’s North American operations.
Over the past three years, the AGCO Group has made substantial improvements to step changes in the filling of its parts system and over-the-counter filling of retailers to the point where it is the best in its class, with a consistently high rate of consumer acceptance. AGCO products are sold through five core brands, Challenger, Fendt, GSI, Massey Ferguson and Valtra, supported by Fuse smart farming solutions.
Crain goes on to say:
“All of us – AGCO and our dealers – have worked diligently to ensure that our products and services meet the needs of farmers and ranchers across North America. supporting producers to ensure an abundant and safe food supply is ‘Mission 1,’ and AGCO is proud to be playing a vital and reliable role in doing so.”
The official 2020 Fortune 500 list is available on the Fortune website.
Source: AGCO
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