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.
March 7, 2012
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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.
Look around our stand at INTERMAT and you’ll see what we can do for the quarrying machine sector – that was the challenge from new CNH Construction Equipment president Mario Gasparri. The former CNH International general manager said the Group’s new C-Series of wheel loaders and crawler excavators on show countered any claims of a lack of dedication to the sector. Case Construction Equipment, also part of the CNH Group, weighed in by unveiling its new heavy duty C-Series CX470C excavator during the show.
Look around our stand at INTERMAT and you’ll see what we can do for the quarrying machine sector – that was the challenge from new CNH Construction Equipment president Mario Gasparri. The former CNH International general manager said the Group’s new C-Series of wheel loaders and crawler excavators on show countered any claims of a lack of dedication to the sector. Case Construction Equipment, also part of the CNH Group, weighed in by unveiling its new heavy duty C-Series CX470C excavator during the show.
New Holland is catering for growing demand for compact telehandlers with the launch of the LM625. The new LM625 ‘all-access telehandler’, which will make its first appearance at the INTERMAT 2012 show, has been developed to work in tough conditions and confined spaces such as urban sites.
New Holland is catering for growing demand for compact telehandlers with the launch of the LM625. The new LM625 ‘all-access telehandler’, which will make its first appearance at the INTERMAT 2012 show, has been developed to work in tough conditions and confined spaces such as urban sites.
