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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Rangiora’s growing carpark needs: Is paid parking the answer?
The Waimakariri District Council seeks feedback on future parking needs in Kaiapoi and Rangiora, including the possibility of paid parking and a new parking building for Rangiora by 2035. Proposed measures for Rangiora include graduated priced parking and acquiring additional parking sites to meet anticipated high demand. Consultation will be held later this month, with a parking management plan set to be adopted in May. Full Article
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