CNH Global NV acquires ownership of Indian jv

CNH Global NV, a global player in the agricultural and construction equipment business, has acquired full ownership of L&T-Case Equipment, an unconsolidated joint venture established in 1999 with Larsen & Toubro (L&T) to manufacture and sell construction and building equipment in India.
May 2, 2012 Read time: 2 mins
P J Nayak (left) whole-time director president Larsen and Toubro greets Franco Fusignani, CEO of CNH International

1595 CNH Global NV, a global player in the agricultural and construction equipment business, has acquired full ownership of L&T–Case Equipment, an unconsolidated joint venture established in 1999 with Larsen & Toubro (L&T) to manufacture and sell construction and building equipment in India.

The new wholly-owned company, which employs more than 600 people; operates a production facility in Pithampur, Madhya Pradesh state, and a distribution network of 56 dealers and 144 outlets, will be named Case New Holland Construction Equipment India.

With this investment, CNH says it confirms its commitment to a strong manufacturing base for its construction equipment business at the Pithampur plant.

In addition, the company plans to continue to invest in its 176 Case construction equipment product offering and strengthen the sales network to meet the needs of construction businesses in the important local and export markets.

The Pithampur facility currently builds backhoe loaders and vibratory compactors, and is equipped with state-of-the-art facilities.

"This is an important step in our long term commitment to consolidate our construction equipment business in India and in other export markets and to develop a manufacturing base in India fully integrated in the CNH worldwide industrial footprint. The Pithampur plant will be in a position to make the most of the opportunities for growth that the sector offers today and in the future," said Harold Boyanovsky, president and CEO CNH Global NV.

For more information on companies in this article

Related Content

  • Fayat Group buying Dynapac from Atlas Copco
    January 19, 2017
    The Fayat Group in France is to buy the Dynapac Road Construction Equipment Division of Atlas Copco. This business makes compactors for asphalt and soil applications, as well as asphalt pavers and planers. With this key acquisition, Fayat says that it intends to strengthen its strategic position in road construction and maintenance equipment. The Fayat Group already has a strong portfolio of machines and technologies for the road construction sector with its BOMAG, Marini, Marini-Ermont and SAE, Secmair
    Read More
  • Terex Cranes is bullish with strong results
    February 25, 2019
    Terex Cranes reports strong financial performance, with fourth quarter 2018 net sales of $1.2 billion. This performance is an increase of 16% compared with the $1.1 billion achieved for the fourth quarter of 2017. For the full year 2018, Terex reported net sales of $5.1 billion, an increase of 18% over the $4.4 billion achieved for 2017. Meanwhile Terex has also announced it plans to to sell its Demag Mobile Cranes business to the Japanese firm Tadano. In addition, Terex Cranes will exit the mobile crane
    Read More
  • Ammann acquires concrete plant manufacturer Elba
    February 11, 2014
    The Ammann Group has acquired concrete plant manufacturer Elba in a move said to ‘round off’ the Group’s portfolio, while also representing an ideal complement to Ammann’s existing asphalt plant and machine divisions. Founded in 1948, Elba is based in Ettlingen, Germany and is considered a much-respected producer of high-quality concrete mixing plants. Ammann will complete the actual purchase process at the beginning of March 2014 once the acquisition has been approved by the cartel authorities. The Elba
    Read More
  • Shantui diversifying from core dozer line
    October 14, 2013
    Chinese bulldozer firm Shantui is building on its core competency of bulldozers, broadening its range as well as its operations – Mike Woof writes Bulldozer specialist Shantui has a clear policy of broadening its product range, having grown from being a small producer with a limited model line-up to become a major global manufacturer. The company began its diversification process in 1999, buying a road machinery range and then following this up with a line of concrete equipment in 2008. This process cont
    Read More

Highlighted Content