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Kubota Invests in Escorts Limited

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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Witham Hall invest in Rotobrush

Witham Hall invests in a Rotobrush: Home to full sized Astroturf, grass cricket wicket, a nine-hole golf course and an all-weather wicket, there was no better match than the GKB Rotobrush for Witham Hall Preparatory School.

Alex Exton, Groundsman at Witham Hall Preparatory School explains that the GKB Rotobrush perfectly fits their needs. “It is a compact and efficient machine that it is perfect for what I wanted it for.” He continues, “This machine was affordable to which was a big appeal. It’s rare you can get such an impressive machine for such a great price.”

Witham Hall invests in a Rotobrush

Witham Hall invests in a Rotobrush

As your synthetic sport pitches get used, dirt becomes apparent. From moss and algae to general wear and tear, this ultimately can affect the technical characteristics and authentic appearance of the turf. The GKB Rotobrush restores this by tackling persistent contamination. Alex explains, “We use our GKB Rotorbrush to clean our Astro. Due to the size of our grounds it can take a while however this machine is the best of the best!”

The GKB Rotobrush enables you to brush deeper and more effectively where needed. Thanks to the rotating brush disc that is provided with extra rigid bristles, your artificial pitch maintenance can be taken to the next level. When the functioning of normal brushing and cleaning stops, the GKB Rotobrush continues. Alex Exton said “The GKB Rotobrush gets so close to the edges of the Astroturf, especially where the carpet meets the fence kickboard and also on the artificial for the cricket.”

For more on GKB Machines and their reliable and robust range of machinery for natural, hybrid and synthetic turf, please visit www.gkbmachines.com or contact Tom Shinkins on 07495 883617.

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Power provider invests in JCB diggers

Power provider invests in JCB diggers: Electricity North West – providers of power to five million people – has invested in two brand new JCB electric mini excavators.

The company has bought the two 19C-1E fully electric models to help maintain a staggering 44,000 kilometres of underground cables.  Five times quieter than its diesel counterpart, the JCB machines are deal for use by the company’s engineers, who work 24-hours a day to maintain the network.

Power provider invests in JCB diggers

And Electricity North West is building on its eco credentials by charging the two machines using electricity generated from renewable sources at its depots across the region.

The investment is all part of a multi-million pound initiative by Electricity North West to drive down its own carbon emissions. Following a successful trial, the two machines are already hard at work across the region installing underground power cables.

Electricity North West’s Engineering and Technical Director Steve Cox “They are excellent machines. Our team finds them more powerful than diesel diggers and another major positive is the reduced noise levels. Power cuts can happen at any time of the day and night and sometimes we’re required to dig up roads and footpaths to repair faults. Using the new electric diggers, which have reduced noise levels, means we can work into the night without impacting our customers.”

JCB Chief Innovation Officer Tim Burnhope said: “I’m delighted to see Electricity North West lead the way by purchasing two of the electric machines. It reaffirms Electricity North West’s commitment to being at the forefront of transitioning to a zero carbon future.”

Electricity North West has made a commitment to phase out diesel mini diggers to reduce its carbon footprint as part of its ‘Leading the North West to Zero Carbon’ plan launched in March. The plan sets out how Electricity North West is investing £63.5 million over the next four years to drive down its own carbon emissions and help businesses and customers to do the same.
Steve Cox added: “The ‘Leading the North West to Zero Carbon’ plan demonstrates our commitment to be one of the businesses driving the region’s transition to a carbon neutral future. We’re looking closely at our own operations and how we can decarbonise them.  Collectively, small changes can make big impacts and this shows what can be done now to reduce carbon without having a negative impact on customer service, performance or cost.”

As well as lower emissions, the 19C-1E model is more cost effective with JCB research revealing that over the first five years, charging costs will be 50 per cent cheaper compared to using red diesel. Fully charged, the 19C-1E can put in a typical full day’s shift for a mini excavator.

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Council Invests In Third Toro Machine

Council Invests In Third Toro Machine: East Devon District Council has recently invested in a third Toro Groundsmaster 360 after its previous two models purchased in 2015, have proved to be a huge success with the Council’s groundscare department.

Dan Haydon, from the groundscare department, says that there were a lot of boxes for these machines to tick with reliability at the fore and the Groundsmaster 360 has ticked them all.

Council Invests In Third Toro Machine

“We have so many different kinds of grounds to maintain, from communal gardens and children’s play areas to sports pitches and cemeteries,” says Dan. “Having a robust, reliable machine that can adapt is vital and the Groundsmaster 360 does just that.

“Our machines need to be in use every day for eight and a half hours from spring until November; it’s a big task. With the two GM360s we’ve been using for four years, we’ve never had a problem, so it wasn’t a hard decision to purchase another one.”

The Council had been using triple cylinder mowers before purchasing the new GM360 rotary mowers. Due to government cuts, the frequency of cutting areas had to be reduced and its previous mowers weren’t able to keep the grass short for long enough, which is why the department opted to trial the GM360 zero-turn mower

The quad-steer all-wheel drive steering of the GM360 provides maximum productivity even in undulating terrain. Able to climb hills without slipping and make 180 degree turns without tearing turf, Dan couldn’t be happier with the machine.

“Whatever the weather or type of terrain – it performs across the board. We’ve seen a real improvement, and so have our other teams. We currently have eight teams across Devon, three of which have Toro machines, but now everyone is noticing the difference with Toro and there is definite potential in the future for Toro to pushed out across all the teams.”

For more information, visit: reesinkturfcare.co.uk

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HTS Group Invests In Toro

HTS Group Invests In Toro: At SALTEX 2017, Toro’s LT-F3000 triple flail mower stood out from the crowd to Harlow Council-founded facilities management company, HTS Group Limited. In fact the company, which deals with grass cutting and landscape maintenance for the postcode, was so impressed it promptly invested in two machines.

As Andrew Bradley, landscapes manager at HTS Group, explains: “The LT-F3000 not only stood out with its signature Toro red, but for looking professional and robust. After making some enquiries, it was clear that it would tick all of our boxes, too.

HTS Group Invests In Toro

“Post-show, I got in touch with our local Reesink Turfcare representative, Danny Lake, who took me on a tour around the Spellbrook Toro Factory in Bishop Stortford. Seeing machines hand built before my eyes convinced me that for quality and robustness, Toro was the way to go.”

Two LT-F3000 flail mowers join HTS Group’s fleet of 19 grounds machines and replace a 12-year-old cylinder mower to maintain medium-sized open spaces across the Essex district too small for a tractor-drawn mower and too large for a rotary.

Another box ticked for Andrew is that the LT-F3000 is road legal. He says: “With most sites six miles away, and their proximity to busy roads making parking a nightmare, being able to drive our machines to jobs is a must. A bonus with Toro’s triple flail is that it has a good road speed of 15.5mph.”

And the machines are proving their worth in action too, meaning Andrew’s show instincts were well-founded: “The wet spring has made grass grow like mad, but the flail mowers are chewing through it effortlessly. This would have been too much for our cylinder mower,” he says.

“The Toros, however, make light work of the grass and even leave a beautiful striped finish to really top it all off,” Andrew concludes.

To find out more about Reesink’s groundscare range, tailored to the needs of the UK groundsman, visit: reesinkturfcare.co.uk

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Las Brisas Invests In The Future

Las Brisas Invests In The Future: Real Club de Golf Las Brisas, based in Marbella in Spain is celebrating its 50th anniversary in 2018, as well as its first full golf course maintenance equipment fleet deal with John Deere and local dealer Agronimer.

Arranged through David Fernandez, the head of Agronimer’s golf division, the new fleet has been acquired in a five-year John Deere Financial agreement worth one million euros, and is supported by full PowerGard maintenance cover. Machinery includes tees, fairway, greens and rough mowers, both compact and larger utility tractors, Gator utility vehicles, sprayers and bunker rakes. The latest E-Cut hybrid electric models now make up 100 per cent of the club’s ride-on greens and fairway mower fleet.

Las Brisas Invests In The Future

Originally created by Robert Trent Jones Sr and more recently redesigned by Kyle Phillips, the 18-hole course is currently ranked #6 in Spain and #37 in continental Europe’s top 100 courses for 2018. It is notable for its raised greens, numerous bunkers and water hazards, as well as the botanical garden style landscaping that features many rare species of plants and trees from all over the world.

Las Brisas general manager Paul Muñoz and course manager Rafael González-Carrascosa head up a team of 24 greenkeeping and workshop staff. They have overseen an ambitious five-year multi-million euro project to redesign and renovate the course, which was necessary because the original design had begun to show its age.

“We felt that a complete remodelling of the golf course was required, but we needed to get the members to agree the necessary investment,” says Paul Muñoz. “A first phase was approved to renovate some aspects of the front nine back in 2012, and it was then that the project gained credibility and members felt that further investment was necessary.

“The final phase of works on the back nine holes was completed in 2015 but then had to be redone after severe flooding in 2016 caused widespread damage, and the course had to be closed for three months. However, once the membership saw what could be achieved they very quickly moved to have the whole course upgraded, and the final three holes were finished last summer.

“Everything has been addressed, from improving the grasses, bunkers, tees and greens to the drainage and irrigation system, as well as relocating several holes to create a better flow of play – even down to redesigning and rerouting the cart paths to make the initial visitor experience more pleasant.

“As a disciple of Robert Trent Jones Sr, Kyle Phillips fully understands his design philosophy, so he was the natural choice of architect for the new design, which is now cleaner, more open and natural. He has maintained the essence of the old course, but brought it more up to date, so it’s a better experience for the golfer. When you play the course now it feels like it’s been here for years, and you realise what a great job he’s done.”

Rafael González-Carrascosa adds: “This new agreement with John Deere and Agronimer includes not only the purchase of all the equipment necessary to keep our course in perfect condition, but also continuous training programmes for the operators and mechanics, customised parts management and tournament support when required.

“One of the key factors in choosing John Deere was that we only had to deal with one supplier, one brand and one dealer offering the right finance deal, so it made things easier all round. The John Deere range is comprehensive and offers good quality engineering as well as reliable dealer service and support.

“We’re very happy with the hybrid electric mowers, particularly the 8000E fairway machines, which were chosen for their quality of cut and light weight. The Gators and tractors are really good machines too, so we’re confident we’ve made an excellent choice. Most importantly, the members are really happy with the improvements we’ve made and the way the course now plays.”

For more information, visit: www.JohnDeere.co.uk

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Kubota Invests In New R&D Centre

Kubota Invests In New R&D Centre: Within the framework of Kubota’s ongoing growth in Europe, Kubota Corporation has announced that it will invest €55 million in a new R&D Centre in Europe. The new site will be located in Crépy-en-Valois, France and will be fully operational in 2020. 

Kubota Corporation continues to make significant investments into its expansion throughout Europe and will now invest in a brand-new R&D Centre that will be the Competence Centre of Engineering for agricultural tractor markets, and the base for Kubota’s research activities for tractors in Europe region.

Kubota Invests In New R&D Centre

By establishing a best in class R&D Centre in Europe, embedding up to date engineering and validation tools, Kubota will develop cutting edge technology for its new models to meet the specific requirements of European farmers while keeping the Group’s DNA: reliability, ease of use and best cost of ownership.

As part of Kubota’s globalisation process, Kubota Corporation intends to boost its product development, in line with its aspirations to adapt to the specific needs of its host markets. The new centre plays a vital role in this process, so Kubota will further develop agricultural machinery that is customised to work efficiently and effectively for local crops, field conditions and work processes.

Kubota, already present in more than 110 countries worldwide, aims to continue growing internationally, and this latest investment will accelerate this expansion and growth. Since Kubota Holding Europe B.V. was launched in 2017, the company has reinforced its corporate identity in Europe,  with employees  synchronising  processes and procedures so that there is a consistent approach to how all our business units work and can provide the best services and products for its dealers and end user customers.

Kubota’s tractor sales continued to grow in Europe during 2017 and its products have received prestigious recognitions and awards in Europe, including the FIMA TECHNICAL NOVELTY Award for the Agri Robo autonomous tractor, and the TRACTOR DE ESPAÑA Award in the ‘Specialty Tractor’ category for the M5101 Narrow Advance Cab model.

For more information, visit: www.kubota.com

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Reesink Invests In Ireland

Reesink Invests In Ireland: Reesink Turfcare has confirmed the amalgamation of the Nurney-based Professional Machinery Services (PMS) business into Reesink Turfcare IRE Ltd, as part of its investment plans for a business structure in Ireland.

Reesink reached an agreement with the directors of PMS, Michael and Michelle Fleming, which sees them both join the Reesink customer service team at Reesink’s Ireland premises, also in Nurney, Co Kildare.

Reesink Invests In Ireland

PMS was an independent authorised Toro service centre for 13 years, and Michael has been technically involved with the Toro brand for almost 20 years. He joins Reesink in the role of operations manager to oversee technical support services directly to customers in the South Leinster area, and to the broader network of existing authorised Toro service centres. Michelle provides a similar focus, taking up the role of service and parts administrator.

Michael comments: “Both Michelle and I are looking forward to combining dealership, technical and customer relations experience with the resource of Reesink to help further strengthen and grow the brand in Ireland.”

This is just the start of Reesink’s investment in the brand in Ireland as Reesink managing director in Ireland, Richard Harris, explains: “The addition of Michael and Michelle to the team is a great step forward for our plans to invest in experience and it won’t stop there. We expect to recruit additional technical roles, and also add a demonstrator to the team this year to enhance both our customer service and enquiry response times.

“Our investment plans for business growth has customer support at its foundation. Therefore, we are very pleased to have been able to recruit two experienced people with a strong reputation for customer service and extensive experience with the Toro brand built up over many years. Growing the team like this enhances our support for Toro fine turf and grounds customers in Ireland.”

Roon Hylkema, managing director of the Reesink Turfcare parent company in The Netherlands, concludes: “We see a long-term opportunity for Reesink and the Toro brand going hand-in-hand with an improving economic and investment outlook in Ireland. With parts and equipment on site and highly qualified service technicians, we will be in a position to maintain customer satisfaction levels on a par with all our European operations.”

For more information, visit: reesinkturfcare.co.uk

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