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.
February 16, 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.

Earthmoving & soil compaction Maintenance

For more information on companies in this article

Related Content

  • China banks on the Belt and Road Initiative
    October 8, 2019
    Changsha, the capital of Hunan province, is capitalising on its well-established equipment and componentry manufacturing base as China’s global Belt and Road Initiative gathers momentum.
    Read More
  • Case to go big on compact line business
    April 15, 2016
    Case Construction Equipment is going big on small by developing its compact equipment business in a bid to give the industry giant even greater overall equipment market share. “We want to further strengthen our position in the markets across Case’s full line offering. So we are investing in product development, with new launches like the D Series excavators, and in our European excavator and wheeled equipment manufacturing hubs,” said Andy Blandford, vice president CNH Industrial Construction Equipment f
    Read More
  • Construction equipment launched at Bauma China
    February 15, 2012
    The 2010 bauma China event did, as expected, break all previous records, with companies launching more new equipment than ever. Patrick Smith reports. The queues at the entrances on the first day of bauma China 2010 indicated what the rest of the week had in store. As thousands of visitors poured through the gates each day to view the latest in construction equipment at the expanded Shanghai New International Expo Centre, the organisers knew they were looking at another successful event.
    Read More
  • Hitachi and Deere end their joint venture
    August 24, 2021
    Hitachi Construction Machinery has ended the manufacturer's joint venture relationship with Deere & Company in North, Central and South America.
    Read More

Highlighted Content