CNH Feels the Pain of Turkish Market Downturn

A 21% increase in exports from Turkey’s biggest tractor-making enterprise last year was compensation for a 53% plunge in domestic sales as challenging market conditions discouraged farmers from investing in new power units. (see Boost in EU Revenues Helps SDF Group Post Positive FY18 Results, Ag Equipment Intelligence, June 2019.)

 TürkTraktör is comfortably Turkey’s largest manufacturer, supplier and exporter of tractors, thanks in large measure to its role as a CNH Industrial joint venture with…

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