FarmTrac Troubles

[blueliner]

Hello, all!

Here is a brief about how Montana Tractor has announced a move to Tarboro. Below is the article in its entirety.

Montana Tractors moving to Tarboro
W. TERRY SMITH, EDITOR

Montana Tractors is moving its operations from Arkansas to Tarboro.

Tony Pearce of Montana and Oppie Jordan of Carolinas Gateway Partnership made the announcement at the Tarboro Town Council meeting Monday night.

Montana's plan to move all production, service, part and logistical assets to Tarboro no later than July 30, stated Ted Wade, vice chairman and co-owner, in a news release.

Wade said Montana, which closed on the acquisition of Farmtrac North America assets Dec. 1, has been conducting "an extensive analysis on the capacity of the assets we purchased.

"As a result we have identified a tremendous amount of efficiencies we can realize through a consolidation of operations in Springdale, Ark., to our newly acquired facilities in Tarboro."

The move will mean new jobs in Tarboro, eventually.

Some employees will be offered the opportunity to relocate.

Pearce, director of operations and a former Farmtrac employee, said the company on Main Street currently had 16 to 18 full-time and contract employees and planned to hire more this month.

"After that, he said, we'll let the demand determine how many more people we add."

The company will assemble tractors and continue producing front-end loaders and backhoes.

The timeline for moving essential, administrative staff, accounting personnel and sales support from Springdale "is situational dependent at this point," Wade said.

Carolinas Gateway Partnership, the economic development agency for Tarboro, Rocky Mount, Nashville, Edgecombe and Nash counties, has applied for a $485,000 Building and Reuse Grant from the state Carolina Rural Economic Development Center.

[redneckford]

any news on the clam bake in Rhode island----heard about all kind of new info about textron business activities----have they settled with those dealers yet????---seems like now is the time---sure will save them alot of money now!!!!

[redneckford]

Originally Posted by redneckford

any news on the clam bake in Rhode island----heard about all kind of new info about textron business activities----have they settled with those dealers yet????---seems like now is the time---sure will save them alot of money now!!!!

heard about some out of court settelments-----(coverups)?????????something about see no evil hear no evil----and you don't repete it to no one!!!!-----confidental??????

[budhicks]

What is the best cash price for a Farmtrac 360DTC with FEL that you have seen? If the price is right i am a buyer.

[Tim C.]

Bud, I am unable to reply to your PM.

I can read, but not reply. So PM your location and I will try to hook you up with a dealer in that area.

Tim

[redneckford]

I like my pork WELL DONE!!!!!!!on both sides----so keep COOK----E-----N!!!!!

[California]

How about a translation of that from sekrit code?

Is anything really going on?

[redneckford]

you will have to find the leaks on your own----too many confidentiality agreements are being signed when Textron settles with the dealers----hear and see no evil----stuff happens----who would leak that info????--- Rhode Island's pace is a good place to start-----all the legal docs---but it can get expensive----them dogs sure are getting loud------ I don't think the dealers are the ones having a GOING OUT OF BUSINESS SALE!!!!

Originally Posted by California

How about a translation of that from sekrit code?

Is anything really going on?

[redneckford]

any new court cases in RI-----how many of the nine have been settled out of court----when will the court in NC decide who gets the $11.2 million-----reread the court transcripts from Feb-----are those 30+ year employees that testified now working for Montana---or LS-----????? can someone post a link to a copy of that transcript----a friend of a friend of an enemy sent me the e-mail transcript but i can't get it to link---- DON'T HAVE FRONT PAGE TO PUT IT ON THE WEB(just thinking!)-------pdf file 213 pages----good reading messick!!!!----no smoke and mirrors just all truth under oath----some of my friends need to read that transcript----wonder how the guy running Deutz likes what was said about him?????? Does Bill Scott still work for Textron special brands???????----or did they have a GOING OUT OF BUSINESS SALE!!!!!------ ----wonder who all lied to LS while all this was going own------alot of questions and even fewer answers! pm for an e-mail copy!!!

[redneckford]

who would have thought??????

Escorts to Merge U.S. Subsidiary With Itself
Mumbai, India Agri machinery products maker Escorts Ltd. says it will merge its U.S.-based, wholly-owned subsidiary firm, Escorts AgriMachinery Inc., with itself.

The board of directors approved the merger, a move that would result in restructuring the overseas operations as EAMI, which holds 100% stake in Farmtrac Tractors Poland, 78.25% in Beaver Creeks Holdings, USA and 49% in Farmtrac North America, USA, the company said in a filing to the Bombay Stock Exchange.

The amalgamation, which is subject to requisite approvals, would also result in reduction in administrative costs and increase in operational efficiency, since unnecessary entities would be removed.

The appointed date of the proposed merger is April 1, 2009 and all assets and liabilities of the EAMI would become the assets and liabilities of Escorts with effect from the appointed date.

Source: PTI

someone has some insider information that they are not telling the general tractoring public-----we will find out------going to help pick out some new boats-----BOATRIDE!!!!!!

that must include the polish operations too!!!
no smoking gun----just cannon fire-----