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CNH Industrial N.V. (symbol: CNHI) is a global leader in the capital goods sector, renowned for its extensive industrial experience and a wide array of products. The company boasts a significant presence worldwide, with each of its brands being a major international force within their specific industrial sectors. CNH Industrial's brands include:
- Case IH, New Holland Agriculture, and Steyr for tractors and agricultural machinery
- Case and New Holland Construction for earth moving equipment
- Iveco for commercial vehicles
- Iveco Bus and Helieuz Bus for buses and coaches
- Iveco Astra for quarry and construction vehicles
- Magirus for firefighting vehicles
- Iveco Defence Vehicles for defence and civil protection
- FPT Industrial for engines and transmissions
Recently, CNH Industrial has achieved notable milestones. Case IH launched the new Axial-Flow Series 160 Automation in Brazil, incorporating advanced artificial intelligence for improved productivity. New Holland celebrated 60 years of its tractor factory in Basildon, England, by unveiling a special edition tractor and reinforcing its role as the Alternative Fuels Centre of Excellence. Furthermore, CASE presented an eco-friendly compact crawler tractor and a new wheel loader version at the M&T Expo 2024, emphasizing sustainability and efficiency.
Financially, CNH Industrial is robust, continuously investing in innovations and infrastructure, which is evident in the recent R$100 million investment in the Sorocaba plant in Brazil. The company also focuses on workforce training and technological advancements to maintain its competitive edge. Partnerships with local and international entities ensure that their products are always at the forefront of technology and efficiency.
In terms of environmental sustainability, CNH Industrial has made significant strides. The company supports World Environment Day and participates in initiatives to combat land degradation, desertification, and drought. The introduction of eco-friendly machinery, like the 100% electric mini excavators and the T6.180 Methane Power tractor, highlights their commitment to sustainability.
For more detailed information about CNH Industrial and its operations, visit their corporate website at www.cnhindustrial.com. For career opportunities, check their LinkedIn profile or the careers section on their website.
CNH Industrial (NYSE:CNHI) is focusing on enhancing skills in the agribusiness sector through technological advancements. During the Tecnoshow Comigo fair in Brazil, its Case IH brand showcased a range of agricultural machinery and offered free training courses. The training covered topics like Automation of Harvesters and Smart Planting Solutions. Eduardo Penha, Director of Marketing and Communication for Case IH in Latin America, emphasized their commitment to preparing professionals for the evolving job market with ongoing education initiatives. The event featured technological demonstrations including augmented reality and real-time data management tools.
On April 10, 2023, CNH Industrial announced the successful completion of a $600 million offering of 4.550% notes due 2028. The offering's net proceeds totaled approximately $588 million, intended for corporate purposes including working capital and debt repayment. The notes, which are senior unsecured obligations of CNH Industrial Capital LLC, will generate interest payments semi-annually starting October 10, 2023. The maturity date for the notes is April 10, 2028. Major banks such as Deutsche Bank and Citigroup served as joint book-running managers for the offering, which was made under an effective shelf registration statement filed previously in March 2022. The offering supports CNH Industrial's financial strategy by providing liquidity for operational needs and potential debt reduction.
CNH Industrial has partnered with Equity for Tanzania (EFTA) to facilitate the mechanization of smallholder farmers in Tanzania through the acquisition of 200 New Holland TT75 4WD tractors. This initiative is intended to help farmers who lack access to traditional bank financing, with the operation regulated by the Bank of Tanzania. The partnership aims to improve agricultural production and food security in Tanzania by 2025. Training programs for farmers will be launched to enhance their productivity and profitability. This collaboration marks the first significant partnership involving New Holland Agriculture and CRDB to increase tractor access for smallholder farmers, with potential expansion in East Africa. Key stakeholders emphasize the critical role of mechanization for achieving food security and supporting farmers in this region.
CNH Industrial is set to invest 21.4 million euros in its Coëx facility over the next two years to enhance manufacturing and research capabilities. This investment focuses on expanding production and advancing product development, reinforcing Coëx's role as a Center of Excellence for specialized harvesting equipment. The facility, known for over 70 years of expertise in mechanized grape harvesting, is a global exporter of self-propelled harvesters. The introduction of the TE6 straddle tractor, specifically designed for narrow vineyards, further showcases the company's commitment to innovation. Certification under Origine France Garantie is in progress for this new range as CNH strives to bolster its leading position in the specialty equipment market.
On April 4, 2023, CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, has successfully priced $600 million in 4.550% notes due 2028. The issue price is set at 98.857%, with the offering expected to close on April 10, 2023. The proceeds will be used for general corporate purposes, including working capital and debt repayment. Interest on the notes will be paid semi-annually starting October 10, 2023. Deutsche Bank, Citigroup, Goldman Sachs, and MUFG are among the joint book-running managers for this offering.
New Holland Agriculture and Bennamann's "Energy Independent Net Zero Farming Circular Solution" won the Net Zero Circular Solution Award at the 2023 Anaerobic Digestion and Biogas Industry Awards. The accolade was presented during the World Biogas Expo in Birmingham, UK, representing CNH Industrial. The technology developed by Bennamann transforms livestock manure emissions into biomethane and by-products, reducing the carbon footprint of farms. Additionally, New Holland's T6.180 Methane Power Tractor, the only fully methane-fueled tractor on the market, played a crucial role in this innovation, with plans to extend their product line with a new LNG tractor.
On April 4, 2023, CNH Industrial (NYSE: CNHI) announced plans by its subsidiary, CNH Industrial Capital LLC, to offer new notes, pending market conditions. These notes will be guaranteed by other subsidiaries and are aimed at raising funds for working capital and corporate purposes, including asset purchases or debt repayment. The offering is conducted under an existing SEC registration statement from March 2022, with major financial institutions acting as underwriters. This offering is part of CNH Industrial's strategy to strengthen its financial position amidst market opportunities.
CNH Industrial (NYSE:CNHI) has announced an acquisition agreement for Hemisphere GNSS, a leader in high-performance satellite positioning technologies, for approximately $175 million. This acquisition aims to enhance CNH's automated and autonomous solutions in the agriculture and construction sectors by integrating Hemisphere's advanced Global Navigation Satellite System (GNSS) technology. The deal, expected to close in Q3 2023, will be funded with available cash. Hemisphere will continue to operate independently but will collaborate closely with CNH's existing brands to improve product offerings and user experience.
CNH Industrial's brand New Holland Agriculture has announced a partnership with UNIQ You, a not-for-profit organization, aimed at increasing female representation in the Australian agricultural sector. The collaboration will connect five women from New Holland's network to high school girls, providing guidance during critical career decision-making years. General Manager Bruce Healy emphasized the importance of diversity in securing the industry's future talent pool. This initiative aligns with New Holland's commitment to gender diversity, supporting the National Farmer's Federation's goal of doubling women in leadership positions by 2030.
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