On 6th December 2018, a partnership agreement has been officially signed between Argo Tractors, the Italian industrial Group manufacturer of Landini, McCormick and Valpadana brand tractors, and International Tractors Limited, the Indian manufacturer of Solis and Sonalika brand tractors, in the presence of Mr. Valerio Morra, President of Argo Tractors and Mr. Deepak Mittal, Managing Director of International Tractors.
ITL is amongst the major producers of tractors in the world. At the bottom of this strategic agreement will be the provision by ITL of six tractor models, between 45hp and 90hp, under the license of Landini and McCormick brands, exclusively intended to Low Regulation Countries.
Continuing with their paces, ITL and Argo Tractors look forward to higher growth with this cooperation agreement.
“This agreement – says Mr. Valerio Morra, President of Argo Tractors – marks the beginning of our project with a long-term perspective, implementing for our Group a worldwide growth strategy, as outlined during recent EIMA show in Bologna, always focusing on our main pillar, the tractor. The cooperation with the International Tractors Limited will grant us to complete the product range offered to Low Regulation Countries adding a family of basic tractors totally complementary to our product line-up. At the same time, we will provide, with our brands, the customary levels of distribution and high-quality after-sales service”.
International Tractors Ltd. is an Indian full tractor manufacturing company producing technologically superior tractors in the range of 20HP to 120HP. It stands as the no.1 brand in 4 countries, as the 6th largest tractor manufacturer globally by volumes and is recognized in both domestic as well as international markets as a formidable player. It has established a state-of-the-art integrated tractor manufacturing plant, strategically located in Hoshiarpur, Punjab. Sonalika ITL has presence in more than 100 countries and has crossed 100,000 tractors sales globally last year. About 2000 plus dealers in the domestic and export markets and 6000 employees are the major strength of the group. ITL has overseas assembly facilities as well in Brazil, Turkey and Algeria besides the Indian production base.
Argo Tractors Spa is a company of the Argo Industrial Group based in Fabbrico (Reggio Emilia, Italy) and produces tractors under the Landini, McCormick and Valpadana brands. Over little more than 15 years, Argo Tractors Spa has tripled its production volumes with a remarkable growth in terms of hard figures: a consolidated turnover of 500 million Euro, 1,800 employees, 6 production plants, 8 commercial subsidiaries throughout the world, 130 importers and 2,500 dealers. These figures enabled the Landini, McCormick and Valpadana brands to become established as leading brands in the domestic market for tractors and a leading player in international markets, showing evidence of the Group’s winning strategy.