AGCO’s Richenhagen added to Obama’s Africa business council

Martin Richenhagen 2013

Martin Richenhagen

Staff Atlanta Business Chronicle

The U.S. Department of Commerce named AGCO Corp. Chairman President and CEO Martin Richenhagen to the President’s Advisory Council on Doing Business in Africa.

The metro Atlanta executive is one of 15 named to the council, which will advise President Barack Obama on strengthening commerce between the United States and Africa, with a focus on advancing the president’s Doing Business in Africa Campaign as described in the U.S. Strategy Toward Sub-Saharan Africa of June 14, 2012.

In Africa, Duluth, Ga.-based AGCO (NYSE: AGCO) Africa has invested in manufacturing capabilities in Algeria and in improving distribution and parts support in South Africa. In Zambia, AGCO has launched its first Future Farm to train local farmers and dealers in modern farm practices. AGCO also hosts the annual AGCO Africa Summit to promote international investments in African agriculture.

“AGCO has been engaged in Africa for many years now,” Richenhagen said, in a statement, “Our focus areas have been on mechanization, grain storage, financing solutions and education, which are integral to Africa’s future food security. We have a growing presence on the ground to contribute towards these areas now.”