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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 has completed its minority investment in Monarch Tractor, a US agricultural technology firm. This partnership aims to enhance the agricultural industry's transformation towards autonomy and electrification, promoting sustainable zero-emission farming. Monarch Tractor's electric platform integrates autonomous technologies with data management for improved safety and agronomic insights.
Scott Wine, CEO of CNH Industrial, emphasized the importance of this collaboration in advancing their alternative propulsion and precision farming initiatives.
On February 26, 2021, CNH Industrial (NYSE: CNHI) announced the exercise of a one-year extension option for its €3.95 billion revolving credit facility, now set to mature in March 2026. The remaining €49.5 million will mature in March 2025. This financial move indicates the company's strategic focus on maintaining liquidity and flexibility within its capital structure.
CNH Industrial, a leader in the capital goods sector, emphasizes its commitment to World Class Manufacturing (WCM) in a recent announcement. The company has received two gold, 16 silver, and 28 bronze medals for its manufacturing excellence globally. WCM aims to enhance efficiency and eliminate waste, focusing on safety among its ten pillars. Innovative practices, including virtual reality training, are highlighted to foster a safer workplace for employees. For more information, visit cnhindustrial.com.
CNH Industrial is promoting the sustainable use of hemp in North America through a new initiative featuring a video from its New Holland Agriculture brand. The video showcases a 15-acre hemp test farm in Pennsylvania, highlighting the potential benefits of hemp cultivation for economic sustainability and agricultural practices. Collaborating with the National Hemp Association and Penn State University, the project aims to educate producers on the opportunities and challenges of reintegrating hemp into farming. This effort underscores CNH Industrial's commitment to innovative, sustainable agriculture.
CNH Industrial reported strong Q4 2020 results with consolidated revenues of $8.5 billion, a 10% increase, and adjusted EBIT of $520 million, up 73%. All segments showed growth year-over-year, with net income totaling $187 million and adjusted net income at $432 million, reflecting a $153 million rise from 2019. Free cash flow reached a record $2.4 billion, while net cash for Industrial Activities improved to $0.8 billion, marking a historic achievement. Liquidity stood at a record $15.9 billion at year-end.
On October 12, 2020, CNH Industrial received two prestigious 2020 Manufacturing Leadership Awards for its innovative Virtual Reality projects, highlighting its commitment to manufacturing excellence. Awarded for Collaborative Innovation, the MR4PD project significantly reduces product development costs and time to market. The Operational Excellence award recognizes the Forklift Simulator, which has halved training time for operators. These achievements underscore CNH Industrial's dedication to sustainable and innovative engineering.
On October 6, 2020, CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, successfully completed a $500 million offering of 1.875% notes due 2026. The issue price was set at 99.761%, netting approximately $495 million after expenses. The proceeds will be allocated to general corporate purposes, including working capital and debt repayment. The notes are senior unsecured obligations, with interest payments starting January 15, 2021, and maturing on January 15, 2026.
On October 1, 2020, CNH Industrial and Nikola Corporation co-sponsored an event titled "Decarbonization of Heavy Transport and the Role of Hydrogen" in London and Phoenix. The event featured discussions among EU policymakers and industry experts on hydrogen's role in achieving zero-emission transport. CNH's Gerrit Marx emphasized their partnership with Nikola in producing the Tre BEV model at their joint facility in Germany by Q4 2021. Nikola's CEO, Mark Russell, expressed confidence in their contributions to the European Commission's carbon neutrality goals by 2050.
On October 1, 2020, CNH Industrial (NYSE: CNHI) and Nikola Corporation (NASDAQ: NKLA) co-sponsored an event titled “Decarbonization of Heavy Transport and the Role of Hydrogen.” The event gathered EU policymakers and industry experts to discuss hydrogen’s role in achieving zero-emission transport. CNH's Gerrit Marx emphasized the company’s commitment to hydrogen technology and announced plans to begin production of the Tre BEV by Q4 2021 in Germany. Both companies aim to support the European Commission’s goal of carbon neutrality by 2050.
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