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    CNH Global Acquires Full Ownership of India Joint Venture

    April 6, 2011
    CNH Global NV said this week that it acquired full ownership of L&T – Case Equipment Private Ltd., an unconsolidated joint venture established in 1999 with Larsen & Toubro Ltd. to manufacture and sell construction equipment in India. The new wholly owned company will take the name Case New Holland Construction Equipment India Private Ltd.

    CNH Global NV said this week that it acquired full ownership of L&T – Case Equipment Private Ltd., an unconsolidated joint venture established in 1999 with Larsen & Toubro Ltd. to manufacture and sell construction equipment in India. The new wholly owned company will take the name Case New Holland Construction Equipment India Private Ltd.

    Employing more than 600 people, CNHCEIPL operates a production facility in Pithampur in Madhya Pradesh province and a distribution network of 56 dealers and 144 outlets. 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 local and export markets.

    The Pithampur facility, a 40-acre complex, currently builds backhoe loaders and vibratory compactors.

    “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,” said Harold Boyanovsky, president and CEO CNH Global.