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

  • Bomag’s president Ralf Junker puts his faith in BIM
    November 8, 2017
    World Highways recently caught up with Ralf Junker, president of BOMAG Group, during the company’s Innovation Days at its headquarters in Germany. David Arminas reports. Ralf Junker hasn’t forgotten his roots. You can put as much machine control as you like on a piece of construction equipment but all that high-technology is for nothing if the build quality isn’t there. Junker knows something about build quality. When he started at BOMAG in 1988, he was in the welding shop, eventually becoming supervisor
    Read More
  • MOBA founder Paul Harms will be “sorely missed” after death aged 82
    March 4, 2013
    Paul G. Harms, founder and long-time managing director of MOBA, has died aged 82. For more than 30 years Harms led and shaped the German firm, from its foundation in 1972 to its current position among leading international companies in mobile automation. Born in 1931 in Osnabrück, Germany, on leaving school Harms completed an apprenticeship as an instrument mechanic then worked as thermal technician for Georgsmarienhütte AG. At the same time, Harms attended technical evening school and then studied mechanic
    Read More
  • XCMG expanding range and developing products
    January 5, 2016
    The firm is steadily moving up the size scale with its machines, introducing heavy equipment aimed at the extraction industries, in addition to new and more versatile machines for construction users and road machinery. The firm is working hard to develop new large excavators and trucks to meet demand from the extraction industries. The large excavators and rigid trucks are now a key part of the product range as XCMG wants to increase its profile in the extraction sector. The company has also struck an a
    Read More
  • A European Deere?
    July 4, 2018
    Iconic US manufacturer John Deere is back in Europe, thanks to its purchase of Wirtgen. David Arminas looks at what’s in store The gods were smiling on the Wirtgen Group for the company’s Road Technology Days 2018 event. This year it was held in summer-like weather at the recently expanded Voegele plant near Mannheim in Germany. Within days in northern Europe the season dramatically changed from dreary chilly late winter to glorious high temperatures, just in time to bathe the amassed demonstration equi
    Read More

Highlighted Content