Tag Archive for: Invests

SISGrass invests in Indian cricket

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SISGrass invests in Indian cricket: Hybrid cricket pitches have been installed at the Himachal Pradesh Cricket Association (HPCA) Stadium in Dharamshala, the first in what is expected to be a series of major projects across India in 2024 and beyond.

Completed by international sports pitches specialist SISGrass in partnership with Indian fine turf specialist company Greater Ten, the work represents the start of a drive towards improved playing surface quality and consistency at both amateur and professional levels, opening the nation’s most popular sport up to millions more people.

SISGrass invests in Indian cricket

SISGrass invests in Indian cricket

SISGrass’s investment in India follows a decision by the International Cricket Council to permit the use of hybrid surfaces for T20 and 50-over competition. After widespread success installing hybrids across English cricket grounds, the SIS team chose India as its next region of development. Paul Taylor, a former England international and SIS’s International Cricket Director, says the decision made sense for several reasons.

“India is home to millions of cricket fans, players and professionals who play almost all year round,” says Taylor. “This huge demand puts pressure on facilities, which can make it difficult for people to access good quality pitches in their local area. Our hybrid system will create far more opportunities for people to participate in the sport, guaranteeing a higher-quality of play at every level of competition.”

The Universal machine used in Dharamshala to install the hybrid surface was first developed by SISGrass in 2017. It injects a small percentage of polymer fibre with the natural turf found inside cricket stadiums. This composition is more resilient to stresses created during play, helping to prolong the life of pitches, guarantee an even bounce and ease pressure on busy groundspeople. Completed installations are predominantly natural grass, with only 5% of polymer fibre used. This ensures the characteristics of an all-natural pitch are maintained.

Speaking about the installation, Mr. R.P. Singh, Hony. President, HPCA, said, “The HPCA has consistently embraced the latest advances in cricket, and we believe SISGrass’s technology will be game-changing.

“Maintaining top-notch practice pitches is crucial for player development, as traditional surfaces struggle under the demands of rigorous training schedules. SISGrass’s integration of natural grass with synthetic fibres creates a robust and durable playing surface, ensuring players are prepared for competitive play. We are confident the installation will pave the way for a brighter future for Indian cricket, not just in Himachal Pradesh but across the nation.”

Hybrids have already been sanctioned by the England and Wales Cricket Board (ECB) for T20 and 50-over competitions, and in 2024 they will be used in four-day County Championship matches for the first time. The Universal machine in India will now travel to Ahmedabad and Mumbai, where it will stitch more pitches for practice and match play.

The first machine of its kind, the Universal has already proven effective in the UK, having been used to install SISGrass at almost every major county ground in England. These include Lord’s, The Kia Oval, Edgbaston, Emirates Old Trafford, Trent Bridge, among many others. The machine will remain in India after the first three installations are complete, making it immediately available to other grounds and facilities as projects are approved.

Richard Gould, CEO of ECB, added: “Hybrid pitches have played an important role in enabling some venues to manage an increased amount of cricket during the English summer as the fixture list across men’s and women’s international and domestic cricket has grown.”

The introduction of hybrid pitches represents an important moment for India’s national game, which has championed T20 cricket through the IPL. These shorter formats have been one of the main drivers behind the development of hybrid surfaces, with more intense periods of play making it harder to prepare all-natural surfaces in time for top-level competition.

“Cricket is often associated with tradition but the installation of SISGrass in India is a milestone of progress,” adds Taylor. “Our hybrid pitches will allow for longer periods of play than is possible with all-natural surfaces, helping to maintain a base level of performance for millions of players across the country. But the technology will also potentially transform grassroots-level cricket, giving juniors the chance to play on the same surfaces found in major stadiums. Our expansion in India is an investment in the future of the game at all levels.”

HPCA has already installed SISAir – another specialist technology business that forms part of the wider SIS Pitches portfolio. SISAir is a sports pitch aeration system that optimises root zone growing conditions, creating stronger and more durable grass. During heavy rainfall, SISAir will also remove excess surface water using a series of pipework installed underneath a playing surface. The technology is used widely across major stadia, including Galatasaray’s Rams Park.

For more information on SISGrass, visit: https://www.sispitches.com/sports-pitches/hybrid/installation/cricket

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Cheltenham Ladies’ College invests in SISIS

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Cheltenham Ladies’ College invests in SISIS: When the grounds team at Cheltenham Ladies’ College received investment for new equipment, Ross Spry, Head of Grounds and Gardens, decided that SISIS machinery was a good place to start. 

Established in 1853, Cheltenham Ladies’ College is an independent boarding and day school for girls aged 11 to 18 in Cheltenham, Gloucestershire. It is consistently ranked as one of the top all-girls’ schools in the UK.

Cheltenham Ladies’ College invests in SISIS

Cheltenham Ladies’ College invests in SISIS

Ross has been the Head of Grounds and Gardens for approximately fifteen months after joining from the nearby Cheltenham College. Ross and his team maintain all CLC’s lawns and sports pitches which includes lacrosse, athletics, rounders, and cricket. His job has been made that little bit easier after College invested in some new machinery, as he explained.

“When I first started at CLC a lot of the kit was old and it was apparent that several machines needed replacing. I’m pleased to say that a big investment was made and so I started sourcing new equipment.

“I’ve always been impressed by SISIS machinery and have used some of it throughout my career – particularly when I was a greenkeeper. I’ve found it to always be very good kit and it is always solidly made.”

His first purchase was the SISIS Auto Rotorake Mk. 5 – a self-propelled heavy duty scarifier for removal and control of thatch on fine and other quality turf. Its contra-rotating reel has specially designed tipping blades for a clean, consistent cut and maximum thatch removal to ensure excellent lawn care when the time comes to scarify.

Ross explained how he uses the SISIS Auto Rotorake Mk. 5:

“The Mk.5 is predominantly used on our big lawns and for end of season renovations on the cricket square. It is a great machine, and we find it is one of the better machines for scarifying the cricket squares. It has got so much torque, and it can get through the hard clay, more so than any other scarifier I have used.

“The Mk.5’s best feature is how robust it is. A cricket square is probably one of the toughest things you can put it through, and it doesn’t bat an eyelid.”

Ross was also adamant that he wanted a SISIS Dart. This independently powered vertical action aerator improves drainage, reduces turf compaction, thatch build up and increases the health of lawns. Powered by a 6.5hp engine, the Dart has a working depth of up to 100mm which can be easily adjusted from the operator’s position using the balanced depth control lever. The unit can also be fitted with a wide range of tines to meet the operator’s requirements.

“I’ve used the SISIS Dart at every venue I have worked – mostly on cricket squares. We always use it when we are renovating to break the surface up a bit, and I do tend to use it occasionally during the winter periods. We use the pencil tines, to keep the air circulating.

“The Dart is so easy to operate. All my staff can use it – and that is important because we need machinery which every team member feels comfortable using.

“Once again SISIS has not let me down.”

For further information or a no obligation demonstration, please contact SISIS on 01332 824 777 or visit www.sisis.com

For more news, reviews and insightful views, you can follow SISIS on Twitter or Instagram @SISISMachinery and like the company’s Facebook page – www.facebook.com/SISISMachinery. You can also view the latest SISIS videos by visiting www.youtube.com/SISISMachinery

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Bathgate Golf Club invests in Jacobsen

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Bathgate Golf Club invests in Jacobsen: New recipients of a Jacobsen Eclipse 360 Hybrid 3WD greens mower are greenkeepers at Bathgate Golf Club.

The West Lothian club is famous for its close links to the Ryder Cup, having produced Ryder Cup captains, Eric Brown and Bernard Gallacher, and a third Ryder Cup player in Stephen Gallacher.

Bathgate Golf Club invests in Jacobsen

Bathgate Golf Club invests in Jacobsen

Head greenkeeper, Rab Burns, took delivery of the hydraulic-free ride on mower from Robert Marshall, Area Sales Manager at Scottish dealers, Fairways GM at Inchinnan.

Rab, who has been at the James Braid-designed course since 1995, said that the new arrival would bring extra precision and quality to the tees and greens.

“This is our third successive Eclipse. The others were owned for 5 years and 7 years, so this new one takes us into our 13th year. It’s brilliant, just the best cut around and not something we would compromise. We’ve had it out already and it’s fantastic and what we expected.”

When specifying the latest Eclipse, the three-wheel drive option was vital to help the Bathgate team reach two greens that have machinery access only via a steep incline.

“With two-wheel drive, particularly in the damp or wintertime, it would be tough to get up that slope. In all it runs to about 130 metres, this just makes it effortless.”

Rab, who heads a team of four, moves to a new post at Kingsfield Golf Centre, Linlithgow next month.

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Toro Invests in Landscape Contractor Business

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Toro Invests in Landscape Contractor Business: Following the launch of Toro’s Revolution Series Z Master and Grandstand  commercial mowers which feature the company’s proprietary Hypercell battery technology, Toro U.K. Limited is pleased to announce leadership changes to focus on growing its position in the Landscape Contractor Business.

Ben Kirkby, who joined the company in August 2021 as a Territory Manager for Northern England and Scotland to focus on the Toro and Hayter residential ranges, will be increasing his responsibilities to support growth of the Toro Landscape Contractor Business. He will also help support the Siteworks ranges of Forestry and Construction equipment.

Toro Invests in Landscape Contractor Business

Toro Invests in Landscape Contractor Business

Matt Coleman, UK Sales Manager for the Toro Landscape Contractor and Sitework ranges, will continue to oversee the portfolio and dealer network, and will utilise Ben to support demand from dealers and end users.

“I have spent the last 2 ½ years establishing and growing our professional dealer network and building awareness with customers so it will be great to have Ben helping support this important segment,” said Coleman, Sales Manager, Landscaper Contractor & Siteworks equipment – Toro U.K. Limited. “I look forward to utilising Ben’s sales and demo experience, from his time selling commercial machinery and building his knowledge of the Toro Landscape Contractor range.”

Ben who has recently taken delivery of a new Ford Ranger Wildtrak and will soon take delivery of a trailer, will be fully setup to support the Toro Dealer network in Northern England & Scotland and their customers.

“I am really excited to be taking on this new challenge,” said Kirkby. “It has been great to build relationships with the Toro dealers in my area and I look forward to supporting their needs with the Toro Landscape Contractor and Siteworks ranges, especially with the new industry-leading Revolution Series battery products.”

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Tillers Turf invests in Kubota power

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Tillers Turf invests in Kubota power: Leading turf grower and supplier Tillers Turf has invested in Kubota’s new M6-142 tractor to provide the power for high output maintenance and harvesting equipment.

The 142hp tractor from the latest M6002 series is powered by a Kubota Stage V 6.1 litre four-cylinder engine and weighs in at just six tonnes, offering an excellent power to weight ratio for work with more demanding implements while maintaining a light tread on the top quality turf, which is used in leading sports venues around the country.

Tillers Turf invests in Kubota power

Tillers Turf invests in Kubota power

Its 24×24 (36×36 with creeper) speed Powershift transmission makes the best use of the engine’s muscle whether on the road or in the field, and rear linkage lift capacity of 7000kg with up to four spool valves means that it can handle a wide range of implements.

For Tillers Turf’s specialist requirements the M6-142 has been equipped with the latest Egnos guidance system for increased accuracy on tasks such as mowing. It has also been fitted with BKT turf tyres which exert minimal ground pressure as possible and have a wide, flat bottom tyres to avoid making indentations in the ground.

The tractor immediately impressed when paired with a 23 reel, 16m working width V-Mow cylinder gang mower, purpose-built for large scale turf production, but the team at Tillers’ Turf also put their prospective purchase through an extensive series of trials, as Production Manager Charles Applewhite explains:

“We run a fleet of some 20 tractors of 100-160hp for a variety of turf growing tasks and when we had M6 on demo we trialled it on 12 different applications from towing large trailers of turf rolls from the field to rotary mowing, cylinder mowing and powering specialist equipment for drainage operations, all of which it performed really well.”

This was thought provoking for the company, he adds:

“We even used it for some of the land work applications that are normally carried out using six-cylinder tractors. The M6 has an interesting engine – a 6.1 litre, four-cylinder which is a very large displacement, so there’s less lag. It’s a more traditional approach than some other engines, but easy to operate and it really surprised us with the variety of tasks it can do.”

Tillers Turf also asked eight different operators to put the tractor through its paces and Mr Applewhite comments that it got the thumbs up.

“They really liked it – they praised the suspension, which gives the ride you’d expect from a bigger tractor, and found the Kubota extremely comfortable on the road.”

“The decent DAB radio, heating and air conditioning and comfortable seat were also appreciated,” he reports. “It may sound trivial, but when you are putting in long hours in the tractor, comfort is very important.”

The M6 also scored highly for its manoeuvrability, with a good steering lock, and for how it performed on the turf, he explains:

“It’s light and power dense, which is crucial for us as we don’t want to put excessive ground pressure on the areas that we are working on.”

With the M6-142 now in its first season at Tillers Turf, and its bigger brother the M7003, also now in for evaluation, the tractors’ capabilities have led him to think of the future:

“We have five front line tractors which are changed every couple of years, but we also have 15-20 much older tractors which are kept in the fleet because they are simpler and we can maintain them ourselves in our own workshop. With the front line tractors, we are slowly losing the ability to do this, because everything needs a computer and specialist tooling,” he explains.

“The M6 is unique because while it’s as straightforward to maintain as one from the early 2000s, it still offers all the benefits of a modern tractor. We may be able to replace our older fleet with the Kubotas, which is where we saw it fitting in.”

“What surprised us, however, is there were jobs that we thought only a six-cylinder tractor could do, but it could perform these. So looking to the future, a tractor like this with 140hp under the bonnet, but being so light and capable, could fit into our business model very well.”

Tillers Turf Production Manager Charles Applewhite put the Kubota M6-1452 through a comprehensive evaluation process before purchase.

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BASF invests in growth

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BASF invests in growth: Leading pest control solutions manufacturer, BASF has invested in new vessels at its specialist nematode production facility, which is the only one of its kind in Britain. The operation produces nematodes used by amateur gardeners and commercial growers globally as a natural pest-control solution for slugs and other pests.

Based in Littlehampton, the 4,000 m2 facility has been producing up to 12 trillion nematodes every month, but the installation of the new vessels in which to grow them will see this increase by 14% per month, whilst also creating a more robust manufacturing process, ensuring reliable supply to customers.

BASF invests in growth

BASF invests in growth

The project was conceived at the end of 2020 and work began in earnest at the beginning of 2021, with completion due at the end of Q1 2022.

As is the case for the other 6 manufacturing vessels already on site, the new equipment was designed and manufactured to exacting requirements in Burton upon Trent, a town famous for its brewing – which is apt, as the vessel is reminiscent of a brewery fermenter, with similar technology employed in its production.

The 316L Stainless Steel vessels, with ground and polished welds for sterility, are designed and tested to withstand 150ºC, 5.2 barg pressure and full vacuum, with a cooling jacket built into the shell, to prevent the nematodes from ‘cooking’ by the heat generated from their mass reproduction. Even when empty the vessels weigh an astonishing 7,150 kg.

The vessel installation took place over a weekend, but the mammoth task of mechanical and electrical installation will take approximately 10 weeks, with work due to begin this month.

Thomas Goddard, operations manager at BASF Agricultural Specialities commented: “This is an exciting time for the company, as we invest in our resources, which reflects the growing appetite for biological pest control and our unique place in the market.”

For further information about nematodes, please visit https://www.nemasysinfo.co.uk/ and follow basf_nemasys_uk on Instagram.

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Karlswood Stables invests in John Deere

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Karlswood Stables invests in John Deere: Based in County Meath in Ireland, the newly built state of the art Karlswood Stables has been a major project for owner and Olympic show jumping medallist Cian O’Connor.

These grand equine facilities extend to 20 stables for his own horses, and another 24 are under construction for others. On top of that the complex boosts its own indoor arena and outdoor grass ring, sand ring, gallops, hacking trails and spa facilities for horses.

Karlswood Stables invests in John Deere

Karlswood Stables invests in John Deere

With the grounds extending to a total area of 68 acres, the Karlswood team required a reliable range of machinery and equipment to maintain the grounds and keep the grass well-trimmed. Being familiar with the benefits of the John Deere brand, Karlswood farm manager Derry McIntyre contacted Noel Bennett of local professional turf dealer Dublin Grass Machinery with a shopping list of the equipment required.

The machinery now supplied includes a new John Deere 4066R compact tractor, 1600T wide area rotary mower, X950R commercial rear-discharge, rear-collect diesel lawn tractor and an electric TE Gator utility vehicle.

Derry explains the purchasing decision by highlighting brand reliability and ease of use. “As this is a brand new complex, we have a lot of lawn and grass areas that have to be kept meticulously presented to maintain the high standards synonymous with Karlswood,” he says. “The self-propelled X950R and 1600T rotary mowers are superb tools to cut the grass around our all-weather arena and lawns.”

Powered by a 66hp diesel engine, the John Deere 4066R compact tractor features a ComfortGard cab and an eHydro three-range automatic transmission with simple to use TwinTouch forward and reverse pedals, plus four-wheel drive as standard.

Derry and his team have already been putting the tractor to good use, and praise its ease of use and versatility. “The 4066R carries out a number of tasks all over the site,” he says.

“For example, we spend around one and a half hours a day raking the arena, and there is a front-mounted mower attachment to provide extra grass cutting help around the hacks and the outside of the farm. We also have a scarifier for maintaining the grass areas, so the tractor has a real multitude of uses.”

As many John Deere Gator operators know, this popular utility vehicle is an extremely useful vehicle to have on any sportsground, farm or woodland. At Karlswood Stables the electric TE Gator is no exception, and has also proved extremely handy.

“The Gator is a fantastic tool to transport various pieces of equipment such as grass strimmers, hedge trimmers and other hand tools to various parts of the farm,” says Derry. “This vehicle makes it easier for us to travel around the site, and with the load bed space on the back to carry materials as well as tools, it is another reliable workhorse here at Karlswood Stables.”

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Sutton United invests in Reesink

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Sutton United invests in Reesink: Securing Football League status is an historic achievement and for Sutton United Football Club in south London, it led to a £550,000 pitchworks investment in the club’s home ground, including a new hybrid pitch and irrigation solution from Reesink Turfcare comprising a SRC Ranger control system and Toro sprinklers.

FA regulations stipulate that 3G artificial pitches are not fit for purpose in Division Two and above, which is why Sutton United made an urgent review of its existing 3G pitch and lined up leading sports pitch specialist, Agripower, to make preparations for a full install in the downtime between the 2019/20 and 2021/22 seasons.

Sutton United invests in Reesink

Sutton United invests in Reesink

Jerry Anderson, director at Agripower, comments: “We were given a conditional order in May 2021 as the club edged towards promotion and remained on stand-by with a view to removing the existing 3G pitch and replacing it with a hybrid alternative in the narrow window between seasons.

“Once the club had confirmation of its promotion to the Football League we started immediately, deploying a five strong-team working full-time between the end of May until early August. It was a quick turnaround!”

Agripower installed a hybrid pitch system which comprised of high-grade natural grass. Once the old system had been removed, the pitch was rebuilt with a hybrid carpet over a base rootzone, with the carpet infilled with a similar rootzone before seeding.

Supporting the hybrid pitch was a comprehensive Toro irrigation system, which comprised of a network of 350m of ring main pipework, 200m of lateral pipe, 16 value in head Infinity sprinklers and eight B series in-pitch sprinklers in the field.

Jerry continues: “We used the new SRC Ranger control system, which has scheduling capacity for up to 100 stations and web-control, along with Toro Infinity sprinklers on the outside of the pitch and Toro B-Series sprinklers on the infill.

“As well as a new pumphouse and pumps, a match pitch of this kind also requires a higher water flow rate which is why we installed wider diameter pipes and manual watering points for localised watering. It’s particularly useful for high-impact areas such as the goalmouth or when clubs like to slick-up the playing surface at half time.

“The Toro irrigation system is very good and we particularly like the fact that the Infinity sprinklers are top-serviceable, minimising disruption to the hybrid carpet. We have also been impressed with the on-site support from Toro distributor, Reesink Turfcare, who were on-hand throughout the entire project.”

The new pitch not only validates Sutton United FC’s place within the Football League, but it enables the team to maximise playing time. A grass pitch can generally withstand three to six hours of playing time, whilst its hybrid equivalent can deliver up to 18 hours of play.

Adrian Barry, vice chairman at Sutton United Football Club, comments: “The team at Agripower did a tremendous job replacing our previous 3G surface with a grass pitch in a tight time frame such that we were able to host Football League matches in August. Having an excellent irrigation system is, of course, pivotal to the continued provision of an excellent playing surface and feedback from all users has been terrific in this regard. We thank everyone involved for their support and hard work as Sutton United embarks on this exciting new journey in its history. “

To find out more about the SRC Ranger control system and Toro irrigation range of sprinklers, call Reesink Turfcare on 01480 226800, email info@reesinkturfcare.co.uk or visit reesinkturfcare.co.uk

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The Grove invests in stars of the future

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The Grove invests in stars of the future: The Grove, Hertfordshire’s ultimate country escape, today announces two important promotions within its green-keeping team to continue its long-running heritage of developing the golf industry’s stars of the future.

Since opening in 2003 a host of young talent have crafted their skills at the Top 100-ranked venue, under the leadership of Golf Course and Estate Manager, Phillip Chiverton, who has been at the forefront of The Grove’s green-keeping operation for 20 years.

The Grove invests in stars of the future

The Grove invests in stars of the future

The latest green-keepers to rise through the ranks of the young team are 27-year-olds Sam Reid and Callum Herbst.

Sam is The Grove’s new Head Green-keeper, with immediate effect, and Callum is promoted to Deputy Head Green-keeper. Both joined The Grove in 2012, Herbst as an apprentice, and Reid as a casual worker, while studying at Buckinghamshire University.

Reid’s rise to Head Green-keeper status has seen him help prepare the championship course for The British Masters in 2016, achieve an R&A Greenkeeper Scholarship in 2018, and work with the course’s world-renowned architect, Kyle Phillips, during an extensive bunker redesign and rebuild project in 2020.

Herbst’s journey has included being a Toro Student Green-keeper of the Year finalist, along with work experience during the Wells Fargo Championship at Quail Hollow in the USA, and at the French Open at Le Golf National.

Commenting on the promotions, Phillip Chiverton, said: “In Sam and Callum we have two certain agronomy leaders of tomorrow. The Grove has always invested in young talent and we have a rich history of coaching green-keepers through the early stages of their careers.”

A consistent development programme with scope for continual internal promotion has seen many of The Grove’s young stars go on to secure senior industry roles at other world-renowned golfing destinations, including Trump International Golf Links in Scotland, Jumeirah Golf Estates in Dubai, San Roque Club in Spain and Abu Dhabi Golf Club, UAE.

“While our day-to-day objectives always remain keeping The Grove in pristine condition all-year-round – something our customers consistently recognise us for – it is also important we offer the next generation of green-keeping stars a platform from which to succeed and prosper. Seeing young talent develop at The Grove and then go on to prosper in all corners of the globe is hugely rewarding.”

The Grove proudly covets its position as a premium open-to-all leisure facility and one of the UK’s Top 100 golf resorts, just 18 miles from central London.

It’s 18-hole parkland golf course, the only venue in the UK to have hosted a World Golf Championship event in 2006, won by Tiger Woods, continues to receive critical acclaim and was recently ranked within Europe’s Top 100 Modern Courses, by Golf World.

The World Golf Awards has also named recognised The Grove as ‘England’s Best Golf Hotel 2021’.

The Grove’s 18th-century Mansion houses 26 rooms, suites and lounges decorated with a 21st-century spin on vintage glamour. There’s also the thoroughly modern West Wing with a further 189 deluxe, superior and family rooms. Many of these rooms have balconies/terraces looking over the immaculate Formal Gardens.

For further information: www.thegrove.co.uk

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Kubota Invests in Escorts Limited

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Kubota Invests in Escorts Limited: Kubota Corporation (Headquarters: Naniwa-ku, Osaka, Japan; President and Representative Director: Yuichi Kitao; hereinafter, “Kubota”) announced today that it will invest in an Indian leading tractor manufacturer, Escorts Limited (Headquarters: India, Chairman and Managing Director: Nikhil Nanda; hereinafter, “EL”).

Through this investment, Kubota intends to increase its presence in India – the world’s largest tractor market – as well as its commitment to the competitive tractor market, which has massive growth potential, thus further expanding its business.

Kubota Invests in Escorts Limited

Kubota Invests in Escorts Limited

Tractor produced by EL started distributing through Kubota’s sales network in worldwide.

Background and aims

  • The tractor market in India is one of the world’s largest in terms of unit sales and expects to expand further. In 2008, Kubota established Kubota Agricultural Machinery India Pvt. Ltd. (hereinafter, “KAI”) as a foothold in the Indian market.
  • At present, local manufacturers are playing key roles there, and they are all enhancing partnerships with foreign-affiliated manufacturers. In February 2019, Kubota established a joint-venture tractor manufacturing company with EL and mass production is due to start this July.
  • Through this capital tie, the two companies intend to deepen their cooperative relationship further and, by leveraging each other’s strengths, create synergy across a broad range of their business, including development, production, sales, distribution, and parts procurement, in a bid to extend their reach in the Indian market.
  • Meanwhile, the competitive tractors which currently form the core of the Indian tractor market, are gaining popularity in other markets around the world. Kubota hopes to expand its global reach in those model market by tapping into EL’s parts procurement networks and capability to reduce cost.

Investment scheme

  • EL will issue new equity shares to Kubota on a preferential allotment basis (subject to shareholders’ and necessary regulatory approvals) pursuant to which Kubota will hold 9.1% of EL’s paid up share capital.
  • The total amount of investment will be approximately 16 billion yen.
  • Subsequent to the preferential allotment to Kubota, EL will undertake a reduction of its share capital from the shares held by the Escorts Benefit and Welfare Trust (subject to receipt of necessary approvals) of such number of equity shares as are being issued to Kubota under the preferential allotment. Post the capital reduction, Kubota’s stake in EL will increase to 10%.
  • About the investee
Company name Escorts Limited
Representative Nikhil Nanda, Chairman and Managing Director
Location Faridabad City, Haryana State, India
Year of establishment 1944
Business Manufacture and sales of agricultural equipment, construction equipment, and railways-related equipment
Sales Approx. 100.0 billion yen (approx. 62.0 billion rupee; for the year ended March 2019)
Number of employees 11,000 (including non-regular employees, current as of December 2019)
  • Future developments

 

  • After going through the necessary procedures and subject to receipt of requisite approvals, the investment is likely to be completed by June 2020.
  • To further facilitate and strengthen the collaboration with EL, Kubota will sell 40% of stake in KAI to EL, in addition to this investment.
  • Going forward, Kubota aims to establish a joint research and development center with EL to develop products that are optimized for the local market and shorten the development period.

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