AGCO Launches AGCO Agriculture Foundation
September 18 2018 - 9:00AM
Business Wire
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and solutions, today
announced the launch of the AGCO Agriculture Foundation. “The AGCO
Agriculture Foundation is a testament to our commitment to support
farmers feeding the world. Our objective is to support non-profit
initiatives that contribute to global food security, support
sustainable agriculture development and have an economic impact in
developing countries,” said Martin Richenhagen, AGCO’s Chairman,
President and CEO.
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The new philanthropic focus demonstrates AGCO’s strong
commitment to specific Sustainable Development Goals developed by
the United Nations that seek to end hunger and provide basic
necessities to a growing world population. AGCO has already been
driving change globally, particularly in certain developing
markets, by supporting farmer education initiatives as well as
access to mechanization and agricultural projects. As a private
organization, the AGCO Agriculture Foundation will leverage new
partnerships and utilize its networks to develop and advance vital
initiatives that will have a positive direct social, economic and
environmental impact on communities around the globe. “We believe
that with our agriculture expertise and resources the foundation
can truly maximize our efforts for a good cause,” said Metti
Richenhagen, Manager, AGCO Corporate Social Responsibility and AGCO
Agriculture Foundation.
An AGCO Agriculture Foundation Board of Directors is entrusted
with the oversight and administration of the foundation’s
activities. “We appreciate the ideas, support and engagement from
the global AGCO family in making this goal a reality,” said Ulrich
Stockheim, Chairperson of the AGCO Agriculture Foundation.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agriculture equipment and solutions and
supports more productive farming through its full line of equipment
and related services. AGCO products are sold through five core
brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®,
supported by Fuse® precision technologies and farm optimization
services. Founded in 1990, AGCO is headquartered in Duluth, GA,
USA. In 2017, AGCO had net sales of $8.3 billion. For more
information, visit http://www.AGCOcorp.com. For company news,
information and events, please follow us on Twitter: @AGCOCorp. For
financial news on Twitter, please follow the hashtag #AGCOIR.
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AGCOGreg PetersonVice President, Investor
RelationsGreg.Peterson@agcocorp.com
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