AGCO Invests In Engine Operations
AGCO Power announced it has recently invested more than €20 million to expand its diesel engine production plant in Nokia, Finland. The new 6600 m3 (71,000 sq. ft.) assembly hall is close to the company’s existing plant and the addition increases the annual production capacity of the site from 38,000 to 50,000 engines.
Full production is scheduled to start during the current quarter, creating 50 to 70 new jobs at the factory, which employs about 820 people.
AGCO Power has been making diesel engines at its plant in Nokia for nearly 70 years. The company manufactured Sisu Diesel branded engines and was part of Finland’s Kone Corp., until 2003 when Kone sold its Valtra equipment and engine manufacturing operations to AGCO for approximately €600 million. Later reorganized as AGCO Power, it supplies engines to a number of global tractor and farm machinery manufacturers.