Tag Archives: business

75 years

Vermeer Looks to the Future After 75 Years in Business

Living the legacy of innovations that have shaped the industries it serves and equipping Vermeer for the future.

Built on Founder Gary Vermeer’s legacy of finding a better way, for Vermeer Corporation the last 75 years have centered around impacting people and the world for the better. As the company looks to the future, third- generation family member, President and CEO Jason Andringa says the next 75 years will continue to aim for the same purpose.

“What started as a small machine shop to meet the needs of local farmers in and around our hometown of Pella, Iowa, soon became the ground floor for my grandfather (Gary) to open Vermeer Manufacturing in 1948,” said Andringa. “With the guiding principle of treating other people how you’d want to be treated yourself, we’ve created a culture over the last 75 years of making a real impact on the way work gets done that continues to drive our company forward. Ultimately, it’s a commitment that is part of every interaction we have among ourselves, suppliers, dealers, customers and the communities we live and work in.”

Today, Vermeer has expanded from its modest beginnings to an organization of more than 4,000 team members worldwide, recently having been recognized by Forbes magazine as one of America’s Best Midsize Employers. Operating eight facilities in six continents and offering service and support in more than 60 countries, the iconic yellow iron equipment is distributed through a global network of more than 600 industrial and forage dealers.

From Gary Vermeer’s first invention of the wagon hoist followed more innovative equipment. With the invention of the hydraulic horizontal directional drill, large round baler and stump cutter — Vermeer has shown its commitment to developing high quality equipment that addresses the challenges its customers face. Helping connect people to the necessities of life, manage natural resources and feed and fuel communities, new innovations Vermeer plans to bring to market will include expanding digital product offerings, developing next-generation machines and introducing new equipment.

“As we look to the future, we are committed to carrying on the legacy of innovation and continuous improvement to make a lasting impact around the world,” Andringa explained. “We understand the important work our customers and equipment are doing, and we support them, wherever they are. Together, we are equipped to do more.”

About Vermeer Vermeer delivers a real impact on the way important work gets done through the manufacture of high-quality agricultural, underground construction, surface mining, tree care and environmental equipment. With a reputation for being built tough and built in a better way, Vermeer equipment is backed by localized customer service and support provided by independent dealers around the world. To learn more about Vermeer, products, the dealer network and financing options, visit vermeer.com

Vermeer Corporation reserves the right to make changes in engineering, design and specifications; add improvements; or discontinue manufacturing at any time without notice or obligation. Equipment shown is for illustrative purposes only and may display optional accessories or components specific to their global region.

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acquisition

New Forests completes acquisition of over 100,000 acres of Northern California Forests

New Forests, a global investment manager of nature-based real assets and natural capital strategies, has announced the purchase on behalf of institutional investors of an approximately 108,000-acre forestry estate in Northern California from The Michigan-California Timber Company (MCTC).

The estate consists of productive mixed conifers, including fir and pine, in the Mount Shasta region, and presents significant opportunities for Forest Stewardship Council (FSC) certified timber production, management for carbon stock protection and atmospheric carbon removal, along with continued wildlife habitat protection.

This estate is proximate to over 315,000 acres of existing forestry assets managed by New Forests in Northern California. New Forests has deployed around $500 million to date on behalf of its clients in US sustainable forestry assets and is now the second largest land manager in California.

“We are delighted to be investing in the future of California forestry where a focus on natural climate solutions can help drive positive economic, environmental and community outcomes,” says Brian Shillinglaw, Managing Director, United States for New Forests.

“We’re proud of the scale our US business has achieved in managing California and Oregon forests for sustainable FSC timber production and climate impact. Our institutional clients see the value managing forests for financial returns from both sustainable timber and carbon pricing, while positively contributing to climate change mitigation, biodiversity, and local communities. New Forests plans to manage these forests for long-term carbon stock protection and significant atmospheric carbon removal over the coming decades.”

“MCTC has sustainably managed these timberlands since 1994 and we are proud of our stewardship,” says Chris Chase, General Manager for MCTC. “Our manufacturing affiliate, Timber Products Company, looks forward to working with New Forests as a key supplier of logs through a long-term timber supply agreement.”

In 2014, New Forests was the first company to register an offset project developed under the California Compliance Offset Protocol for the Yurok Tribe.

About New Forests

New Forests is a global investment manager of nature-based real assets and natural capital strategies, with AUD 7.8 billion (USD 5.8 billion) in assets under management across 1.1 million hectares (2.7 million acres) of investments.  New Forests manages a diversified portfolio of sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure assets. We aim to generate shared prosperity for our clients and the communities in which we operate and accelerate the transition to a sustainable future.

About Michigan-California Timber Company

The Michigan-California Timber Company (MCTC) owns over 108,000 acres of timberland in Northern California. The timberlands are third party certified to the Sustainable Forestry Initiative (SFI) Standard and managed in strict compliance with the California Forest Practices Act. MCTC shares common ownership with Timber Products Company and is the largest supplier of logs to the Timber Products Company Veneer Division in Yreka, CA. MCTC benefits from strong relationships with regulatory agencies and the conservation community as it sustainably manages timberlands to produce a consistent stream of wood products and ecosystem services.

Vested Communications US

Corey Goldman
+1 416 846 7953
cgoldman@fullvested.com

 New Forests

Lauren Stewart
Head of Communications
+ 6 1437 800 340
lstewart@newforests.com.au

Photo:  Brian Shillinglaw, Managing Director, United States for New Forests

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