CNH INDUSTRIAL UNVEILS LATEST AG TECH & SMART FARMING FIRSTS
Our first Tech Day shows how we are Breaking New Ground in Agriculture
London, December 7, 2022
CNH Industrial is making great strides in delivering on its Ag Tech roadmap. We are demonstrating achieved progress in the Precision Technology space at a two-day event for financial, investor and media communities. It is taking place in Phoenix, Arizona, USA today (December 7) and tomorrow (December 8). It will showcase how we are developing and commercializing industry-leading products in automation, autonomy, digital, alternative fuels and electrification to benefit our customers, the world’s farmers, and the Earth.
“Our Tech Day will show the world how CNH Industrial is leveraging our great iron to develop and deploy technology that simplifies and enhances operations; provides insightful data; and utilizes alternative power solutions – all to sustainably advance farming,” says Scott W. Wine, Chief Executive Officer, CNH Industrial. “Raven’s significant contributions to this effort will also be on full display – demonstrating how we have incorporated their capabilities and accelerated our technology offering to create customer solutions that drive efficiency and profitability.”
CNH Industrial’s full year 2022 Agriculture net sales are expected to include an estimated $900 million contribution coming exclusively from Precision Technology components. We forecast a 10 - 15% annual growth rate across the next two to three years and are aggressively pursuing an estimated $1 billion in 2023 net sales contribution from Precision Technology components. Precision Technology components include technology contained in wholegoods, retrofit components, and Raven third-party sales.