AGCO, Your Agriculture Company (AGCO), a manufacturer and distributor of agricultural equipment, said Friday that it has agreed to establish a new joint venture in Algeria for the production of Massey Ferguson branded tractors.
AGCO will take 49 percent ownership of Algeria Tractors Company, as per the shareholders agreement entered into with L'Enteprise Publique Economique de Commercialisation de Materiels Agricoles and L'Enteprise Publique Economique de Production de Tracteurs Agricoles.
This new venture is based in Constantine, Algeria and will produce Massey Ferguson tractors for sale into the local domestic Algerian market. Production is expected to begin before the end of 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.