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

  • Export focus for XCMG, with Latin America as key territory
    January 6, 2017
    Exports are crucial to XCMG’s growth and its aim to becoming a dominant player in the worldwide construction machinery market – Mike Woof writes One of China’s biggest construction equipment manufacturers, XCMG has a high profile, and particularly in the country’s home market. XCMG is a leader in key equipment categories such as concrete pumping and lifting technologies. The firm’s 4,000tonne crawler crane introduced two years ago has already proven its worth in a massive industrial construction appl
    Read More
  • David Beatenbough talks about LiuGong’s achievements and its ambitions.
    January 6, 2017
    The year 2012 has been a milestone for Chinese construction equipment manufacturer LiuGong. In January it announced completion of the purchase of Polish company HSW (Huta Stalowa Wola) and its distribution subsidiary Dressta, LiuGong’s first outright acquisition outside its domestic market. HSW produces bulldozers and other crawler machines, while LiuGong is ranked as the largest wheel loader manufacturer in the world, and is also said to be among the world’s fastest growing CE companies.
    Read More
  • David Beatenbough talks about LiuGong’s achievements and its ambitions.
    April 2, 2012
    The year 2012 has been a milestone for Chinese construction equipment manufacturer LiuGong. In January it announced completion of the purchase of Polish company HSW (Huta Stalowa Wola) and its distribution subsidiary Dressta, LiuGong’s first outright acquisition outside its domestic market. HSW produces bulldozers and other crawler machines, while LiuGong is ranked as the largest wheel loader manufacturer in the world, and is also said to be among the world’s fastest growing CE companies.
    Read More
  • JCB’s new India factory complex
    January 6, 2017
    JCB is to open a new India production factory complex as part of an ambitious global manufacturing and sales growth strategy. Speaking during JCB’s Conexpo 2014 press conference, JCB ceo Graeme Macdonald said, “We continue to invest for our future. Following the 2012 opening of our US$100 million factory in Brazil, we’re now planning to open later this year JCB’s $100 million factory complex in Jaipur – our fourth in India. It’s actually two factories, covering 700,000 square foot on a 114-acre site. It’s
    Read More

Highlighted Content