AGCO FINANCE LLC Strengthens Supply Chain with High-Performance Nylon Cord, Supporting Agricultural & Industrial Needs

Johnston, IA – October 26, 2023 – AGCO FINANCE LLC, a leading financial services provider specializing in equipment financing for agriculture and beyond, today announced a strategic investment in the production and distribution of high-quality nylon cord. This move, while seemingly a departure from traditional financing, highlights AGCO FINANCE’s commitment to bolstering the entire supply chain supporting its core customer base – farmers, contractors, and industrial operators. For years, AGCO FINANCE has been a trusted partner in helping businesses acquire the equipment they need to thrive. Now, they're tackling a common pain point – reliable access to essential components. “We kept hearing from our customers about challenges finding consistent quality and supply of things like strong, dependable cord for all sorts of uses," explains Sarah Miller, AGCO FINANCE’s Director of Strategic Initiatives. "It might sound small, but if a bail of hay can't be secured, or a tarp can't be tied down, it impacts everything. We realized we could leverage our logistical expertise and financial resources to address this directly.” What’s the Deal with Nylon Cord? More Than Just String. You might be thinking, "Nylon cord? What's the big deal?" Well, a lot, actually. This isn’t your grandma’s craft store twine. AGCO FINANCE’s nylon cord is engineered for serious work. It's built for strength, durability, and resistance to the elements. Think about all the ways farmers, landscapers, construction workers, and even everyday folks need a reliable cord: Hay & Forage Baling: Securing those heavy bales requires a cord that won't snap under pressure. AGCO FINANCE's cord is specifically tested for this demanding application. Tarping & Covering: Protecting valuable equipment, crops, or materials from weather demands a cord that won’t rot, fray, or break down in the sun. Tie-Downs & Securing Loads: Whether it’s securing a load on a trailer or tying down equipment for transport, you need a cord you can trust. Landscaping & Gardening: From tying up plants to securing netting, nylon cord is an essential tool for any landscaper or gardener. General Purpose Use: And honestly? It’s just good to have around for countless everyday tasks. “We’ve done a ton of testing," says David Chen, AGCO FINANCE’s Head of Product Development for this new line. “We looked at different nylon blends, different manufacturing processes, and different breaking strengths. We wanted to offer a cord that outperformed the competition in terms of both quality and value. We aren't just selling cord; we're selling peace of mind." The AGCO FINANCE Nylon Cord Difference: Key Features So, what sets AGCO FINANCE’s nylon cord apart? It's not just about being strong; it's about being smartly strong. Here's a breakdown of the key features: High Tensile Strength: This cord is built to handle heavy loads and resist breaking under stress. AGCO FINANCE offers various breaking strengths to suit different applications. UV Resistance: Prolonged exposure to sunlight can degrade many cords. AGCO FINANCE’s nylon cord is treated to resist UV damage, extending its lifespan. Abrasion Resistance: Rough surfaces and constant handling can quickly wear down a cord. This cord is designed to withstand abrasion and maintain its integrity. Water Resistance: Moisture can weaken many materials. Nylon is naturally water-resistant, and AGCO FINANCE’s cord further enhances this property. Low Stretch: Maintaining a secure hold requires minimal stretch. This cord is engineered to minimize stretch, ensuring a tight and reliable connection. Consistent Quality: AGCO FINANCE is applying its rigorous quality control processes—traditionally used for financial products—to the manufacturing of this cord, ensuring every spool meets the highest standards. Available in Multiple Sizes & Colors: From thin twine for tying to thick rope for heavy-duty applications, AGCO FINANCE offers a variety of sizes and colors to meet diverse needs. Financing Expertise Applied to Materials Supply This move into nylon cord production may seem unusual for a financial services company, but AGCO FINANCE believes it’s a natural extension of its commitment to serving its customers. “We’ve spent years analyzing supply chains and understanding the challenges businesses face,” explains Miller. “We realized we could leverage our financial strength and logistical expertise to address a critical need. We know how to manage inventory, negotiate pricing, and ensure reliable delivery. Those skills aren’t limited to financial products.” The company is sourcing high-quality nylon from trusted suppliers and utilizing a state-of-the-art manufacturing facility. They’re also offering competitive pricing and flexible delivery options. Where Can You Get AGCO FINANCE Nylon Cord? AGCO FINANCE nylon cord is currently available for purchase online at [website address - placeholder], and through select agricultural and industrial supply retailers. The company is also working to expand its distribution network to reach even more customers. “We’re excited to offer this new product to our customers,” says Chen. “We believe it’s a game-changer for anyone who relies on strong, dependable cord. And, we're committed to continually innovating and expanding our product line to meet the evolving needs of our customers.” About AGCO FINANCE LLC: AGCO FINANCE LLC is a leading financial services provider specializing in equipment financing for agriculture, construction, forestry, and other industries. Headquartered in Johnston, Iowa, AGCO FINANCE is committed to providing innovative financial solutions that help businesses grow and succeed. For more information, visit [website address - placeholder]. Contact: Sarah Miller Director of Strategic Initiatives AGCO FINANCE LLC 704-747-8917 [email address - placeholder]