CNH Global NV acquires full ownership of L&T – CASE Equipment Private Limited

CNH Global NV, a global leader in the agricultural and construction equipment business, has acquired full ownership of L&T – CASE Equipment Private Limited, an unconsolidated joint venture established in 1999 with Larsen & Toubro Limited to manufacture and sell construction and building equipment in India. The new wholly owned company will take the name Case New Holland Construction Equipment India Private Limited, said a Company statement.

Harold Boyanovsky, President and CEO CNH Global NV, said the investment is an important step in the firm’s long term commitment to consolidate its construction equipment business in India and in other export markets. He further reiterated that the move will enable the firm 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, he stated.

L&T – CASE Equipment Private Limited employs more than 600 people, and operates a production facility in Pithampur in Madhya Pradesh. It has a distribution network of 56 dealers and 144 outlets. With this investment, CNH 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 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; the complex is spread over 40 acres and occupies over 28,000 sqm of covered area. It is equipped with state-of-the-art facilities, such as high precision laser and cutting machines, welding robots, CNC machine tools, a new automated powder coating system and a variable speed assembly line.

As it is integrated into the CNH manufacturing network, the Pithampur plant will introduce the World Class Manufacturing methodologies to bring it in line with CNH Production System and Quality Standards. Case New Holland Construction Equipment India Pvt Ltd joins CNH’s existing agricultural equipment base, New Holland Fiat India Pvt Ltd, located in Greater Noida where it manufactures tractors, transmissions, engines and 4 wheel drive axles for CNH's agricultural and construction equipment brands.

CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. It has approximately 11,300 dealers in approximately 170 countries.

1st April 2011