- Downstream-focused innovation: In 2011, AGCO directed $275.6 million to research and engineering, a 25.5% increase over 2010.
- Operations: Among AGCO’s largest wholly-owned sites, more than half are certified to ISO 14001 and/or the EU Eco-Management and Audit Scheme. Going forward AGCO will monitor and report energy use by source and develop an energy management program that drives efficiency and cost saving across its organization.
- Supplier relations: AGCO released the company’s Supplier Code of Conduct to build and strengthen relationships with preferred suppliers that support quality, environmental stewardship and high labor standards.
The full report can be accessed at http://www.agcocorp.com/company/sustainability.aspx.ABOUT AGCO AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through four core machinery brands, Challenger®, Fendt®, Massey Ferguson® and Valtra® and are distributed globally through 3,100 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2011, AGCO had net sales of $8.8 billion. http://www.AGCOcorp.com Safe Harbor Statement Statements which are not historical facts, including expectations regarding the development and sales of products in this region, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2011. AGCO disclaims any obligation to update any forward-looking statements except as required by law.