BENSON -- A major contract that will send products made in Benson to China was announced by Case IH, a leading brand in the agricultural equipment business of CNH.
CNH and Fiat Group recently signed two contracts totaling nearly $12 million with the Xinjiang Agriculture Cultivation Group (XACG) in China to supply 40 Case IH Model CPX620 cotton pickers, the company announced.
The pickers, manufactured in Benson will be delivered to Division 1 and Division 6 of XACG in the third quarter of 2008 in time for the cotton harvest in Xinjiang Province.
"As we look to expand our business in China, these new contracts represent a strong positive in that direction for our company," said Franco Fusignani, Chief Executive Officer of CNH International.
Case IH CPX620 cotton pickers harvest from both sides of the cotton plant, providing harvesting efficiency. The bigger basket capacity, automatic chassis lubrication and powered guide axle enhance CPX620 performance and allow it to operate in different soil conditions in Xinjiang.
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Joseph Samora, CNH Senior Vice President, said in the release, "By providing loan guarantees on the new cotton picker contracts, the U.S. Ex-Im Bank continues to fulfill its stated mission of helping to create and maintain U.S. jobs. These contracts will have a positive impact directly affecting more than 1,400 employees at our plants in Benson and Grand Island, Neb."
CNH Global, supported by about 11,500 dealers in 160 countries, brings together the knowledge and heritage of its Case and New Holland brand families with the resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global, whose stock is listed at the New York Stock Exchange, is a majority-owned subsidiary of Fiat.
