Buhler Industries Inc (TSX: BUI), a leading manufacturer of machinery distributed under the Versatile and Farm King brands, has entered into an original equipment manufacturer (OEM) agreement with Kubota Corporation to develop and produce a new tractor platform in the mid-range front-wheel assist segment.
Under the terms of this long term agreement, Buhler Industries will manufacture this tractor at the factory in Winnipeg, Manitoba. This will enhance the product line currently offered by Kubota as the largest tractor available. This will increase overall production at the Versatile facility at 1260 Clarence Avenue in Winnipeg which will reduce overhead and increase efficiency.
“This agreement is exciting for both companies,” explained Grant Adolph, Chief Operating Officer of Buhler Industries. “The Versatile brand has a global reputation in agriculture for building high horsepower tractors that are reliable and well-built. As Kubota Corporation expands their presence in the farm machinery industry, these brand qualities are in line with their core values.”
Adolph continued, “The result of this agreement is an increase in production at the factory in Winnipeg which will bring additional stability to the supply chain and employees. Buhler Industries is committed to continuous quality and efficiency improvements.”
Development of this new tractor platform began nearly five years ago and production will begin immediately.
Buhler Industries Inc. (TSX: BUI) designs, manufactures and distributes agricultural equipment. The products are marketed under the brand names Versatile® and Farm King. Buhler Industries Inc. operates seven modern manufacturing and nine distribution centers totaling over 1.7 million square feet of facilities in the United States and Canada and employs more than 1000 people.
Source: Buhler Industries