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.
Now producing 10,000 backhoe loaders and crawler and wheeled excavators a year and looking to expand its product range later this year, Hidromek has also been adding new features to its existing machines including the HMK140LC crawler excavator. Featuring a re-designed cabin and new ‘Opera’ control system, the 140LC comes with a four-cylinder Mitsubishi engine, a 4.6m boom and a 0.6m³ cubic bucket capacity. The machine has an operating weight of 14,300kg.
Now producing 10,000 backhoe loaders and crawler and wheeled excavators a year and looking to expand its product range later this year, Hidromek has also been adding new features to its existing machines including the HMK140LC crawler excavator. Featuring a re-designed cabin and new ‘Opera’ control system, the 140LC comes with a four-cylinder Mitsubishi engine, a 4.6m boom and a 0.6m³ cubic bucket capacity. The machine has an operating weight of 14,300kg.
Among Rapid International’s will be the Rapid RP375 planetary mixer, which is said to be popular with both the precast and ready-mix industries. The Rapid RP375 mixer's planetary mixing action produces a homogenous mix ensuring high quality concrete every time, says the company, which will also offer information on the new Rapid Transbatch, the latest model from its mobile batching plant range.
Among Rapid International’s will be the Rapid RP375 planetary mixer, which is said to be popular with both the precast and ready-mix industries. The Rapid RP375 mixer's planetary mixing action produces a homogenous mix ensuring high quality concrete every time, says the company, which will also offer information on the new Rapid Transbatch, the latest model from its mobile batching plant range.
