I am heading off to Brazil to attend the “AGRISHOW 2010” farm show. While there, I will also visit our manufacturing locations in Canoas and Mogi. Check back for updates from the show and to see some videos from our Valtra and Massey Ferguson plants.
In our 1st quarter earnings announcement released earlier this week, Martin Richenhagen, Chairman, President and Chief Executive Officer said, “In Brazil, market demand was near record levels, and we were very pleased with our sales and margin performance. Our South American region reported a sales increase of approximately 67.7% in the first quarter of 2010 compared to the first quarter of 2009, excluding favorable currency translation impacts. Stronger industry demand in Brazil and Argentina produced most of the increase.”
Any questions about Brazil that I can find out while I am there?