Production has resumed in ARGO Tractors plants after being shut down for almost two months. Different measures were put in place in order to comply with government health regulations. In April ARGO started to sanitize the factories and prepare to resume operations. Protection equipment is distributed to workers who must keep social distancing and whose temperature is registered at the entrance of the factories.
Source: Argo Tractors Read The Article
Source: PSR OE Link™
PSR Analysis: The prolonged halt in production and the continuous uncertainty related to the development of the coronavirus pandemic had a significant impact on the global agricultural industry and on ARGO tractor volumes. Despite that, with the re-opening of the production lines the Italian OEM was able to address the orderbook received before the start of the lockdown, and at the same time, collect new orders.
According to our forecast, we expect production to be down 16% this year. However, this performance might turn a bit less bitter if the current pandemic evolution does not result in a second wave of lockdowns in the coming months. PSR
Emiliano Marzoli is Senior-Business Development Manager-Europe
