AGCO’s new R&D Centre for Valtra brand in Suolahti, Finland18.01.2007
Investments worth more than seven million euros (approx. USD 9 million) have been made at Valtra in Suolahti. The investments include a new 4000 square metre Engineering Centre and machining centres for transmission production.
Valtra’s engineering operations moved from Jyväskylä to Suolahti at the beginning of August. The new 4000 square metre Engineering Centre includes office space for around a hundred R&D personnel, laboratory facilities for testing in extreme cold conditions, as well as facilities for testing hydraulics, measuring power and acoustics, chassis testing and design work. The centre’s cold lab can recreate minus-25 Celsius conditions for developing the famous cold weather performance of Valtra tractors. The centre also houses a powerful chassis test bed that can be used to test the durability of tractor chassis structures. The new acoustics lab is a completely quiet and echo-free room used to measure cab and drive-by noise levels. Valtra’s internationally award-winning design can meanwhile be further advanced in the brand new design lab.
Altogether around 100 people work in R&D operations at Valtra. In addition, approximately 100 people work full-time on Valtra’s R&D projects among suppliers, at universities and research institutes, and engineering partners. The new Engineering Centre is a major milestone in AGCO Corporation’s strategy program to renew the Valtra tractor range within the next couple of years.
Valtra develops, manufactures, markets and services Valtra tractors. Valtra is the leading tractor manufacturer in the Nordic countries and the second most popular brand in Latin America. Net sales in 2005 amounted to 874 million euros and the number of employees to 2400, including Valtra do Brasil and Sisu Diesel. Total production in Finland and Brazil amounted to 18,000 tractors. Valtra is a worldwide brand of AGCO Corporation.
Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,600 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO®, Challenger®, Fendt®, Gleaner®, Hesston®, Massey Ferguson®, New Idea®, RoGator®, Spra-Coupe®, Sunflower®, Terra-Gator®, Valtra®, and White™ Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2005 had net sales of $5.4 billion.