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

  • Volvo CE is further developing its presence in road construction
    October 3, 2014
    The road business has benefited from fairly constant levels of trading in recent years and even during the downturn, construction operations only fell by a comparatively small quantity during the downturn. Darren Fitch, director for road machinery for the EMEA region within Volvo CE said, “The road construction sector has been far less cyclical than other construction markets.” The global market for road machinery is healthy at present and he said, “We’re having a good year.”
    Read More
  • Dressta seek greater dealership reach in key emerging markets to boost sales
    October 10, 2013
    Dressta, the LiuGong subsidiary, is striving to increase its dealership reach in key emerging markets such as Central and South America as it aims for higher machine sales. Speaking at a recent Dressta construction machine manufacturing press event at the company’s LiuGong-owned manufacturing plant and headquarters in Stalowa Wola, southern Poland, Dressta CEO Leslaw Holysz said, “We have no [dealership] presence in Mexico and Latin America, except for Panama. Panama is a very good country for us and we
    Read More
  • A new battery facility for John Deere
    August 16, 2023
    John Deere is to build new off-highway battery facility in the US.
    Read More
  • Atlas Copco acquires Hartl
    February 7, 2012
    Atlas Copco Austria has acquired Hartl Anlagenbau, Austria, a company that manufactures and sells mobile crushers and screeners. By this acquisition Atlas Copco enters the growing mobile crushing and screening market. "The acquisition strengthens Atlas Copco's position as a leader within surface rock excavation and handling, as w
    Read More

Highlighted Content