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Articles Tagged with ''CNHI''

CNHI Reports 4Q20 Ag Revenues Up 16.3%

February 3, 2021 | Posted in Earnings Reports

CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of $8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of $520 million (up 73%).

CNHI Completes Acquisition of 4 Divisions of CEG in South Africa

January 12, 2021 | Posted in Ag Equipment Worldwide, Mergers & Acquisitions

CNH Industrial has announced that it has successfully concluded the deal to acquire the 4 businesses from CEG, a business unit of Humulani Marketing Pty Ltd, ultimately owned by Invicta Holdings Limited.

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CNHI Ag Sales Up 11% in 3Q20

November 12, 2020 | Posted in Earnings Reports

CNH Industrial posted solid third quarter earnings, largely due to increased demand for the agriculture segment. The company says all divisions performed ahead of earlier expectations. Consolidated revenues for the quarter were $6.5 billion, up 2% vs. the same period of 2019.

CNHI Reports 3Q20 Revenue Up 2%; Ag Sales Up 11%

November 5, 2020 | Posted in Earnings Reports

CNH Industrial reported net sales of Industrial Activities up 4% (up 4% at constant currency), primarily driven by an 11% increase in Agriculture.

CNH to Acquire South African Assets for New Case IH Operation

August 17, 2020 | Posted in Ag Equipment Worldwide

Subject to competition commission approval, CNH Industrial is to acquire selected assets from its Case IH importer in South Africa by the end of this year to create its own in-house operation.

CNH Industrial Ag Sales Fall 18%; Cuts Production to Reduce Inventories

August 15, 2020 | Posted in Earnings Reports

Sales of CNH Industrial farm machinery — including Case IH and New Holland brands — declined 18% in the second quarter of the year to $2.5 billion vs. $3.1 billion a year earlier.

CNH Industrial Acquires South African Distributors

July 20, 2020 | Posted in Ag Equipment Worldwide

In a press release, the company announced its acquisitions of 4 South African distributors. These include distributors of Case IH equipment, CASE Construction equipment, spare parts and implements.

CNHI to Deliver Equipment to Uzbekistan, Support Cotton Harvest

July 2, 2020 | Posted in Ag Equipment Worldwide

The company will ship equipment from the Case IH, New Holland and CASE Construction brands to support Uzbekistan’s agricultural sector, specifically its cotton production, the country’s principal cash crop.

Case IH Appoints New Vice President for Europe

May 18, 2020 | Posted in Ag Equipment People

Case IH has announced the appointment of Ville Mansikkamäki to the role of vice president Case IH Europe. He will follow Thierry Panadero, who has taken up the position of head of CNH Industrial’s Agriculture Europe Commercial Operations.

CNHI Announces 75% of European Plants Operational

May 5, 2020 | Posted in Ag Equipment Business

The company confirmed that 75% of its European facilities and 60% of its plants in North America, South America and the Rest of the World were open and operational to varying degrees.

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