Financial and business news from Bulgaria

Fendt stops production of tractors

Fendt's production stalled after it was left without parts to build new tractors. The affected facilities, which will be closed over the next three weeks, include the important sites of Marktoberdorf (tractors) and Asbah-Boymenheim (cabins).
The company stresses that the maintenance of dealers and customers remains a top priority during the disruption of production and production of parts for now continues at the locations of Foicht (hay and fodder), Waldstetten (feed wagons), Hoenmölsen (Katana feed technique) and Wolfenbütel (balers) for round bales).

Given the lack of components, the only option is to stop production, says Christophe Groeblinghof, chairman of AGCO/Fendt's board. “When we start again with the production of tractors depends on the availability of parts of our suppliers. We'll start again once the supply chain works. At AGCO, the safety of our employees, dealers and farmers is the absolute focus of our efforts. At the same time, we want to ensure our customers can continue to work and provide food for the population. '

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