List Your Equipment For Free  /  Seller Login

CNH Industrial Enters Exclusive Mini-Excavator Alliance With Hyundai

A new set of agreements sees the two companies collaborate on the global mini-excavator business.

Mon September 12, 2016 - National Edition
Construction Equipment Guide


The agreement has a ten year term, with a three year renewal option. It applies globally,
The agreement has a ten year term, with a three year renewal option. It applies globally,

CNH Industrial is announcing an exclusive agreement with Hyundai Heavy Industries for the production and development of mini-excavators. This agreement completes CNH Industrial's investment strategy for its excavator product portfolio expansion.

The two companies will benefit from synergies in product development, sourcing, manufacturing, and possible future powertrain opportunities. CNH Industrial will also have the opportunity to produce mini-excavator models of up to five tons at its plants and source OEM models above five tons. The agreement has a ten year term, with a three year renewal option. It applies globally, excluding the South Korean market. Once fully realized, the mini-excavator product offering will include 14 models ranging from one ton to six tons.

"This relationship brings together the know-how and expertise of two leading global construction equipment manufacturers, allowing us to take advantage of synergies in terms of technology selection and adaptation, component sourcing, and research and development costs. Our ability to manufacture and source from our geographically complementary industrial base will allow for scale advantages in product costs to be realized, while ensuring that product lead times and logistics costs are minimized for our dealer network," commented Rich Tobin, Chief Executive Officer, CNH Industrial.




Today's top stories

Construction Market Boosts Economy

Bobcat Company Donates $885,000 in Equipment to Support Salvation Army's Disaster Relief Efforts

VIDEO: KEMROC Expands; Plans to Increase Nationwide Presence

'Machinery Pete' Interviews Jack Lyon On RFD TV

VIDEO: Two Major Roadway Project Contracts Awarded by State Officials in West Virginia

VIDEO: First of Two Sections of NYC's $1.45B East Side Coastal Resiliency Project Is Complete

John Deere Construction Introduces Flexible Customer Training Options

INFRA Grant Moves Ohio's N. Coast Connector Project Steps Closer


 







39.95234 \\ -75.16379 \\ Fort Washington \\ PA