CNH Industrial ceases sale of construction equipment in China
01 Dezember 2022 - 7:30AM
CNH Industrial ceases sale of construction equipment in China
London, December 1, 2022
CNH Industrial announces that effective December
31, 2022, it will cease all Construction Equipment sales activities
in China. In the course of 2021, sales of Construction Equipment in
China totaled approximately $88 million, and CNH Industrial does
not expect to incur significant charges in connection with the
cessation of its construction equipment sales activities in
China.
This decision is part of the Company’s ongoing
turnaround plan for its global Construction business.
The Company remains fully committed to its
customers and dealers in China and will continue to support the
existing fleet of CASE Construction machines.
All other existing CNH Industrial activities in
the country will not be affected by this decision and will continue
without any change.
CNH Industrial (NYSE: CNHI /
MI: CNHI) is a world-class equipment and services company. Driven
by its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland Agriculture supply
360° agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding
systems; Miller, manufacturing application
equipment; Kongskilde, providing tillage, seeding
and hay & forage implements; and Eurocomach,
producing a wide range of mini and midi excavators for the
construction sector, including electric solutions.
Across a history spanning over two centuries,
CNH Industrial has always been a pioneer in its sectors and
continues to passionately innovate and drive customer efficiency
and success. As a truly global company, CNH Industrial’s 37,000+
employees form part of a diverse and inclusive workplace, focused
on empowering customers to grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands
visit: media.cnhindustrial.com
Contacts:
Media
Relations |
Investor
Relations |
Email:
mediarelations@cnhind.com |
Email:
investor.relations@cnhind.com |
- 20221201_PR_CNH_Industrial_China_Construction_Announcement
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