Notice this order is for less efficient center pivot irrigation systems ; WWT's products IMO enjoy a wider market.
Valmont Secures USD $85 Million Order for Irrigation Products and Technology Solutions
Business WireJan 9, 2023 4:16 PM EST
Valmont® Industries, Inc. (NYSE: VMI), a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced it has entered into a supply agreement to provide mechanized irrigation equipment and innovative technology for multiple agricultural development projects in Africa. The agreement will harness the market-leading solutions of Valley® Irrigation, a Valmont company, to help meet the escalating global demand for more efficient and reliable food production, and support national investments in agriculture to feed growing populations and address ongoing food security concerns.
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“This new engagement is a testament to our technology leadership and ability to secure large-scale projects that address the critical need by many countries to increase food production while decreasing dependence on grain imports,” said Josh Dixon, Valley Irrigation President. “Our successful execution of several projects within the region has demonstrated the value of our technologically-advanced irrigation products and dealer network, giving customers confidence in our ability to consistently deliver results. This supply agreement validates the continuing strength of our international project pipeline, and we are very excited about the momentum this opportunity provides heading into 2023.”
Utilizing Valley’s market-leading, proprietary technology solutions, this project will become one of the largest installations of connected pivots. With remote monitoring and controls, this project will maximize crop yields and minimize inputs, while conserving approximately half the water used by traditional irrigation methods. Project shipments are expected to begin in second quarter of 2023.
Dixon continued, “Large-scale international projects continue to advance our market growth strategy as we serve the many countries looking to maximize the value of their land through agriculture development. We work together with the customer to find the best solution for their needs, while minimizing inputs such as labor and scarce fresh water. Our team is honored to be the partner of choice around the world.”
About Valmont Industries, Inc.
For over 75 years, Valmont ® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we’re Conserving Resources. Improving Life. ® at valmont.com.
About Valley Irrigation
Valley ® Irrigation, a Valmont ® company, has been the leader in advancing agricultural productivity, from the first center pivots in 1954 to the precision ag technology of today. Decades of thought leadership and technological innovation have helped growers increase food production and conservation of natural resources around the world. Valmont is a global leader in creating vital infrastructure and advancing agricultural productivity to improve life. Learn more about Valley Irrigation at valleyirrigation.com and Valmont at valmont.com .