Michelin Commences Cooperation Agreement with AGCO Corporation
Michelin reports that it recently entered into a long-term cooperation agreement with agricultural equipment company AGCO Corporation. The agreement, signed at AGCO’s European headquarters in Neuhausen, Switzerland, focuses upon strengthening relations in the areas of research and development, marketing and supply chain.
With this new agreement, AGCO will equip some of its new tractors with Michelin tyres. The two companies have paired a number of their products, such as the AxioBib with some of AGCO’s ultra high-power tractors including the Fendt 900 and the Massey Ferguson LRT. Integrating Michelin’s Ultraflex Technology, these tyres are designed to deliver enhanced soil protection while increasing productivity.
According to Michelin, the recently signed strategic agreement reflects confidence in today’s changing agricultural markets and a shared commitment to expanding their operations in this sector.