News Releases
DULUTH, GA | September 19, 2025 | AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, held its Global Virtual Supplier Event on September 18, 2025. A highlight of the event was supplier awards, including Supplier of the Year, honoring those who have surpassed the top level of achievement in innovation, world-class service, global growth and cost savings.
“AGCO proudly recognizes our resilient, proactive and innovative suppliers in helping our brands meet farmers’ needs,” said Tim Millwood, AGCO Chief Supply Chain Officer. “This year’s virtual Supplier Event focused on advancing our Farmer-First strategy through cost management, innovation, quality excellence, right first-time delivery and supply chain sustainability.”
Suppliers recognized during the event include:
Promoted to Partner-Level* Distinction:
Chapemec Indústria Metalúrgica Ltda. closely and successfully collaborates with AGCO’s engineering, logistics and procurement teams. Recognized as the most competitive regional category supplier, Chapemec continues to deliver value to AGCO through cost reduction, innovative solutions and collaboration.
KOVO Koukola S.R.O. is recognized for its innovation, reliability and dedication to providing manufacturing solutions for AGCO, including their agility, technological expertise and cost-effective manufacturing solutions in the engine components category. Their commitment and strategic focus on AGCO form a strong foundation for this relationship.
Proventia OY, receives this distinction for its outstanding collaboration, value creation, innovation and customer service. AGCO is proud to recognize Proventia for their advanced exhaust after-treatment technology, customer-focused approach and proven ability to align products with AGCO’s strategic goals.
AGCO 2024 Supplier award winners (by award):
Supplier of the Year: Mayser GmbH & Co. KG has consistently demonstrated agility, resilience and the flexibility to adapt to the evolving demands of both AGCO and the broader industry. Mayser has truly embodied the spirit of cooperation and responsiveness by stepping up with swift action and sharp focus to provide a resolution for a supply chain interruption. They delivered a technically and economically sustainable solution, ensuring uninterrupted support to AGCO production and reinforcing their role as a trusted and forward-thinking supplier.
Value Creation Award: Metalúrgica Jama Ltda. proactively pursued opportunities for cost efficiency throughout 2024, aiming for value creation to strengthen the relationship. Straightforward, constructive and open dialogue and collaboration were also vital in the excellent performance of JAMA across all areas, including cost reduction.
Aftersales Award: DENSO Marston Ltd. provides adaptive and strategic collaboration and products that meet the needs of AGCO’s farmers, manufacturing sites and dealers. DENSO has demonstrated exceptional performance through outstanding logistics execution, project management, responsive teamwork aligned with AGCO’s Farmer-First strategy and reliable on-time delivery.
Sustainability Award: TT Gaskets, Tampereen Tiivisteteollisuus Oy has a strong commitment to sustainability through initiatives like 100% green energy use, a fully electric fleet and eco-friendly packaging. These efforts earned them an EcoVadis Gold Medal. They have already achieved carbon neutrality for Scope 1 and 2 emissions in 2025 and are actively working to reduce Scope 3 emissions.
Quality & Delivery Performance Award: Kolbenschmidt Pistons Brazil Ltda. is recognized for its close collaboration with AGCO’s engineering, logistics and purchasing teams, which provides value and high-quality solutions for AGCO and its farmers with consistent on-time deliveries.
Innovation & Collaboration Award: Ognibene Power S.P.A. has been a global high-performing supplier for many years for AGCO brands and has significantly increased their collaboration and impact with AGCO’s Fendt® and Massey Ferguson® brands in recent years. Ognibene has continually produced quality components that meet AGCO’s standards and on-time demand. They provide resourceful and strategic resolutions when opportunities arise, and they are always ready to adapt and engage constructively. Ognibene’s collaborative spirit has been instrumental in driving progress across multiple projects, and their innovative contributions continue to support key developments within AGCO.
MEDIA CONTACT
Bob Blakely, AGCO | Bob.Blakely@AGCOCorp.com | 770-232-8018
Fendt and Massey Ferguson are registered trademarks of AGCO.
* Note: The use of “partner” throughout this announcement in no way implies nor suggests a relationship beyond that of a supplier and the Component Supply or Services and Performance level as outlined in the ASPIRE Supplier Management Guideline. Please see https://www.agcocorp.com/int/en/home/about-us/supply-chain-sustainability.html for more details.
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit www.agcocorp.com.