Lindsay's Comment on Competition and Industry Peers
Four primary manufacturers control a substantial majority of the U.S. center
pivot irrigation system industry. The international irrigation market includes
participation and competition by the leading U.S. manufacturers as well as various
regional manufacturers. The Company competes in certain product lines with several
manufacturers, some of whom may have greater financial resources than the Company.
The Company competes by continuously improving its products through ongoing
research and development activities. Competition also occurs in areas of price
and seasonal programs, product quality, durability, controls, product characteristics,
retention and reputation of local dealers, customer service, and, at certain
times of the year, the availability of systems and their delivery time. The
Company believes it competes favorably with respect to all of these factors.
The Company competes in certain product lines with several manufacturers, some
of whom may have greater financial resources than the Company. The Company competes
by continuously improving its products through ongoing research and development
activities. The Company competes with certain products and companies in its
crash cushion business, but has limited competition in its moveable barrier
line, as there is not another moveable barrier product today comparable to the
Road Zipper System™. However, the Company’s barrier product does
compete with traditional “safety shaped” concrete barriers and other
safety barriers.
June 3, 2024
Lindsay Corporation, a renowned global manufacturer and distributor of irrigation and infrastructure equipment and technology, has recently made a significant announcement that is expected to propel its growth and increase its market presence. The company has entered into a multi-year supply agreement to provide Zimmatic irrigation systems and its innovative FieldNET remote management and scheduling technology in the MENA (Middle East and North Africa) region. Valued at over $100 million, this groundbreaking project marks a major milestone in Lindsay s history and reinforces its broader strategic vision.Lindsay Corporation s Expansion in MENA:The MENA region, known for its arid climate and limited water reso...
Star Gold Corp operates as a precious metals exploration and mining company, focused on acquiring, exploring, and developing mineral properties primarily in North America. Their business model entails identifying potential mining sites, conducting exploration activities to assess their viability, and subsequently undertaking mining operations to extract and sell precious metals.
Sources:
Lindsay Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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Focus of this report: publicly traded companies.
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