The German-headquartered Claas Group reported a 19% decrease in net sales for the 2024 financial year, totaling €5 billion, attributed to challenging industry conditions. Despite the decline, the company achieved an operating profit of €584 million and a net income of €253 million through cost management and strategic investments in R&D and production network modernization. Looking forward, Claas anticipates a moderate decline in sales for 2025 due to reduced farmer investments, producer price drops, and geopolitical uncertainties, highlighting the need for continued resilience and innovation in the agricultural machinery market.
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Tireless servant acknowledged for support of Nepalese community
Dinesh Kumar Khadka, a Bucklands Beach resident, was named a Member of the New Zealand Order of Merit for his extensive service to the Nepalese community in New Zealand, including roles as Honorary Consul of Nepal and president of various Nepalese organizations. He has organized community festivals, supported Nepalese newcomers, and provided relief efforts after the 2015 earthquake. Khadka also played a crucial role in assisting fellow Nepalese Kiwis during the Covid-19 pandemic, with the...
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