CNH INTERNATIONAL: IMPRESSIVE AGRICULTURAL EQUIPMENT DEALS SIGNED IN UKRAINE DURING DECEMBER '07
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KIEV, Ukraine - (January 29, 2008) - Case New Holland (NYSE:CNH), a world leader in the agricultural and construction equipment businesses, has closed 2007 with an outstanding performance on the Ukraine market. Following the contracts signed only during the month of December, a total amount of 165 Case IH machines plus 90 New Holland products will flow into the country in January to support farmers in their business. Case IH and New Holland are brands of CNH.
Contracts signed for Case IH amounted to 90 MX310 tractors, 30 STX 535 tractors, 20 2388 and 10 Axial-Flow 8010 combines, 10 SPX 3185 plus 5 SPX 3310 Sprayers, while for New Holland they amounted to 50 T8040 tractors, 15 CR9080 combines, 5 TC5080, 7 CX 7080 and 13 CX 6090 Combines.
"We are very satisfied of these results achieved in December that award the commitment of my team in Kiev, our company and our distributors; we have a product offering and an assistance that has no equal in the country," said Paul Duffy, Business Manager in Ukraine. "Of Ukraine's total land area of 60 million hectares, 40 millions hectares are classified as agricultural land, of which 80% is arable. For that reason alone, agriculture has the potential to become an important 'driving force' for the Ukrainian economy. Ukraine is a very promising market for us, where we are already the leader in the tractor and combine market. In 2008 we expect to further consolidate our performance to serve better the domestic growing economy."
The units were sold through New Holland and Case IH distributors, for use by large grain producers and contractors placed in the western, central and southern regions and illustrate the variety of the product offering as well as the power and technology CNH's agricultural brands can offer the market.
Ukrainian farmers can count on a diversified product offering including tillage, seeding and planting equipment produced in North America as well as the machines produced in the Case IH and New Holland facilities in Europe, as balers, combines, tractors and forage harvesters.
The Case IH and New Holland-wide product offering is supported by a network of several service centres that provide training for the operators and technicians and supply on-site service, parts and full assistance for all the domestic farming operations.
CNH has had operations in the country since 1995 while CNH office in Kiev was established in 1997.
CNH is a world leader in the agricultural and construction equipment businesses. Supported by about 11,500 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI), More information about CNH and its Case and New Holland products can be found online at www.cnh.com .
CNH International is a division of CNH and is based in Lugano, Switzerland. The company is responsible for the sales of agricultural equipment, commercial and after sales/ customer services in 136 countries throughout Africa, Eastern Europe, CIS (Commonwealth of Independent States), Middle East, Oceania, New Zealand, Australia and Asia, including Japan, India and China.
New Holland, a brand of CNH
New Holland reputation is built on the success of our customers, cash crop producers, livestock farmers, contractors, vineyards, or groundscare professionals. They can count on the widest offering of innovative products and services: a full line of equipment, from tractors to harvesting, material handling equipment, complemented by tailored financial services from a specialist in agriculture. A highly professional global dealer network and New Holland's commitment to excellence guarantees the ultimate customer experience for every customer. For more information on New Holland visit www.newholland.com.
Case IH, a brand of CNH
Case IH is the professionals' choice, drawing on more than 160 years of heritage and experience in the agricultural industry. A powerful range of tractors, combines and balers supported by a global network of highly professional dealers dedicated to providing our customers with the superior support and performance solutions to be productive and effective in the 21st century. More information on Case IH products and services can be found online at www.caseih.com.