CNH Industrial to cease sale of construction equipment in China w.e.f. Dec 31, 2022

CNH Industrial to cease sale of construction equipment in China w.e.f. Dec 31, 2022
All other existing CNH Industrial activities in China will not be affected by this decision and will continue without any change, the company ensured in the statement

London: CNH Industrial, a global giant in manufacturing agricultural machinery and construction equipment with the brand names, New Holland Agriculture, Case IH and Case Construction, has announced that effective December 31, 2022, it would cease all construction equipment sales activities in China. In the course of 2021, sales of construction equipment in China totalled approximately US$88 million, and CNH Industrial does not expect to incur significant charges in connection with the cessation of its equipment sales activities in China, the company said in a statement on Thursday.

You may also like to read: New Holland Agriculture exhibits farm equipment solutions at KRISHITHON 2022

This decision is part of the machinery manufacturing 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 China will not be affected by this decision and will continue without any change, the company ensured in the statement.

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