Reading Time: < 1 minute Milan | Reuters — Shareholders at CNH Industrial on Thursday approved the spin-off of its truck-making business Iveco Group, the company said, completing a plan launched more than two years ago to reorganize its businesses. Upon completion of the plan, CNH Industrial shareholders will receive one Iveco Group common share for every five common shares […] Read more
CNH shareholders approve spin-off of truck maker Iveco
Versatile tractor maker’s majority owner boosts stake
Russia's Rostselmash raises ownership to almost 97 per cent
Reading Time: < 1 minute The Russian farm equipment manufacturer which held just over 80 per cent of Canadian tractor and equipment maker Buhler Industries has now taken up near complete ownership. Winnipeg-based, publicly-traded Buhler Industries announced Wednesday that Combine Factory Rostselmash has bought another 16.3 per cent of Buhler shares for $3 per share, or about $12.25 million. Buhler, […] Read more
Grain movement to Vancouver picking up
Railways seen recovering from B.C. damages faster than many had expected
Reading Time: 4 minutes Western grain movement to the Port of Vancouver was at 60 per cent of normal as of Dec. 15 and is expected to continually improve, Mark Hemmes, Canada’s grain monitor and president of Quorum Corp. said in an interview Wednesday. “I think by next week it’s going to look a lot better,” he said. “Is […] Read more
Claas sees more semiconductor chip snags in 2022
'It's going to be a tough next six months'
Reading Time: 2 minutes Paris | Reuters — Agricultural machinery maker Claas said Thursday it expects difficulties in securing semiconductor chips to persist for the first half of next year, which could curb a surge in profits linked to booming farm demand. An upturn in orders from farmers, who are benefiting from high crop prices after several lean years, […] Read more
Claas retools certified pre-owned equipment program
'Claas Used' plan set up for Canada, U.S. markets
Reading Time: 2 minutes The North American arm of German aq equipment maker Claas has revamped the warranty and financing options it offers on sales of company-inspected pre-owned tractors, combines and forage harvesters. The new program, dubbed ‘Claas Used,’ will offer warranty protection on certified late-model units in Canada and the U.S., along with lower-rate financing through Claas Financial […] Read more
MacDon to make draper headers for Case IH, New Holland
Co-branded combine headers up for order next year
Reading Time: 2 minutes Canadian harvest equipment maker MacDon Industries will make draper headers for Case IH Axial-Flow and New Holland combines for the major manufacturers to sell through their own dealer networks in the new year. Case IH and New Holland, both owned by CNH, said separately Thursday they have partnership agreements in place with Winnipeg-based MacDon to […] Read more
U.S. EPA proposes biofuel mandate cuts
Proposal seen as boost to pandemic-hit refiners
Reading Time: 3 minutes New York | Reuters — The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the COVID-19 pandemic. The long-awaited decision offers some relief to the U.S. refining industry after the health crisis slammed domestic demand […] Read more
Spy agency sees ransomware attacks soaring
Aggressive hacking expected to increase
Reading Time: < 1 minute Ottawa | Reuters — Global ransomware attacks increased by 151 per cent in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday. The Communications Security Establishment (CSE), citing attacks on North American health facilities and a U.S. pipeline, said the scale […] Read more
U.S. EPA to propose expanding credit eligibility under biofuel program
Reading Time: < 1 minute New York | Reuters — The Biden administration is expected to propose expanding the kinds of renewable fuel production processes that are eligible to receive credits under the U.S. Renewable Fuel Standard program, three sources familiar with the matter said. The move could help increase production of advanced biofuels, which include lower-carbon products such as […] Read more
CNH buys software house NX9 to bolster ag business
Reading Time: < 1 minute Milan | Reuters — CNH Industrial has bought software engineering firm NX9, it said on Thursday, in a further step to boost digital innovation in its agricultural division as it prepares to spin off its truck, bus and engine operations. U.S.-based NX9 is a small software house specializing in so-called ‘ISOBUS’ technology for agricultural equipment, […] Read more
A message from April Stewart, Country Guide's Associate Editor
