CNH is investing in a new construction equipment factory in Brazil
CNH is planning to build a new factory at Minais Gerais in Brazil in an investment worth some US$341.4 million (R$600 million). The factory will be located in Montes Claros, in the northern part of Minas Gerais.
January 6, 2017
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1595 CNH is planning to build a new factory at Minais Gerais in Brazil in an investment worth some US$341.4 million (R$600 million). The factory will be located in Montes Claros, in the northern part of Minas Gerais. The firm has signed a Memorandum of Understanding with the authorities in Minas Gerais (Brazil) at 2729 Fiat Industrial’s headquarters in Turin, Italy. The agreement was reached during a visit by a Minas Gerais state government delegation, led by Governor Antonio Anastasia. “This agreement strengthens our ties to the state of Minas Gerais and reconfirms a commitment started 40 years ago with Fiat’s first investments in the region. Minas Gerais holds a prominent place in the Brazilian economy and therefore is an ideal location for Fiat Industrial, and for CNH in particular, to grow in Brazil,” said Sergio Marchionne, chairman of Fiat Industrial and CNH.
The plant in Montes Claros will add to the company’s presence in Minas Gerais, which includes a facility in Contagem. Originally established in 1970, the site was the first Fiat factory to be located in Brazil, and currently produces equipment for CNH’s construction brands, 176 Case and 5895 New Holland Construction. The new plant is scheduled to begin operations in 2014. It is expected to generate about 2,700 jobs, 700 of which will be direct and 2,000 from a supplier hub for parts and components that will be established in the vicinity of the factory. The total area of the complex in Montes Claros is expected to be some 2,000,000m2, with 700,000m2 for the plant itself.
Tata Steel is aiming to double its worldwide steel sales by 2017 in the lifting and excavating sector from its current volume of 500,000tonnes. To achieve this target the company has recently invested €40million to improve its product portfolio, by developing its quenched and tempered, and advanced downstream processing facilities in the UK. Tata Steel said it delivers a wider range of differentiated steel products to the lifting and excavating industry than any other steel producer in the world, and provid
Tata Steel is aiming to double its worldwide steel sales by 2017 in the lifting and excavating sector from its current volume of 500,000tonnes. To achieve this target the company has recently invested €40million to improve its product portfolio, by developing its quenched and tempered, and advanced downstream processing facilities in the UK. Tata Steel said it delivers a wider range of differentiated steel products to the lifting and excavating industry than any other steel producer in the world, and provid
To address the needs of the off-road market, Scania has added bigger non-slip steps, an additional step for windscreen cleaning and light guards to its off-road range of tractive units and multi wheelers. As an option the chassis can be supplied with factory-fitted PTO hydraulics and tank to power tipper rams or similar.
To address the needs of the off-road market, Scania has added bigger non-slip steps, an additional step for windscreen cleaning and light guards to its off-road range of tractive units and multi wheelers. As an option the chassis can be supplied with factory-fitted PTO hydraulics and tank to power tipper rams or similar.
