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

  • Indeco: Attached to growth
    July 4, 2023
    Attachment specialist Indeco notes a growing demand for products compatible with smaller-sized excavators, with the company looking to increase its range in response to this market trend.
    Read More
  • Manitou’s ‘new roadmap’ restructure focuses on customer value
    April 29, 2014
    The Manitou Group is to undergo a reorganisation which, the Group says, is part of a ‘new roadmap’ for the future focused on customer value associated with its products and services. The French construction equipment manufacturing group will be organised into three divisions: two product divisions and a service division. The MHA - Material Handling and Access product division will manage the French and Italian production sites manufacturing telehandlers, rough-terrain and industrial forklifts, truck-mounted
    Read More
  • Showcasing global road innovation at key event
    August 27, 2019
    IRF Global R2T Conference & Exhibition to Present Winning Strategies Now in its second edition, the IRF Global R2T Conference & Exhibition has quickly established itself as the international meeting point. Leading industry innovators, researchers, and stakeholders can acquire essential engineering and business insights, and help build tomorrow’s transportation infrastructure today. A newly-released programme featuring more than 150 speakers spread across 50 policy and technical sessions offers an exc
    Read More
  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
    Read More

Highlighted Content