YTO Group

YTO Group, in partnership with AGF Tratores, will build a tractor factory in Caruaru, Pernambuco, Brazil. Initial investment is R$ 150 million, potentially reaching R$ 500 million, creating 600 direct jobs (up to 3,000). Construction starts in 2024, with operations expected by end of 2026.

YTO Group and AGF Tratores signed a protocol of intentions to build a tractor assembly plant in Caruaru, Pernambuco, Brazil. The joint investment is R$ 150 million, with production capacity of 120 tractors per month and creation of 600 direct jobs. Operations are expected to start by end of 2026.