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.
Haulotte Group (HG) recorded net sales growth of 23% to $400.3million in 2011, compared to $326million in 2010.
The boom lift and lifting equipment manufacturers believe the strength of emerging markets and renewed investment by major European retail companies will also give the Group a “double-digit” growth in 2012 sales.
Haulotte Group (HG) recorded net sales growth of 23% to $400.3million in 2011, compared to $326million in 2010.
The boom lift and lifting equipment manufacturers believe the strength of emerging markets and renewed investment by major European retail companies will also give the Group a “double-digit” growth in 2012 sales.
Monsieur Bernard Accoyer, the president of the French National Assembly, officially opened INTERMAT 2012 with a traditional ribbon cutting ceremony. Equipped with gold-plated scissors, M Accoyer paused for the media before slicing through the tricolour ribbon on his way to an extensive 90-minute tour of the show’s exhibition halls, to savour all that the construction industry has to offer.
Monsieur Bernard Accoyer, the president of the French National Assembly, officially opened INTERMAT 2012 with a traditional ribbon cutting ceremony. Equipped with gold-plated scissors, M Accoyer paused for the media before slicing through the tricolour ribbon on his way to an extensive 90-minute tour of the show’s exhibition halls, to savour all that the construction industry has to offer.
