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CNH to Invest $600 Million in New Construction Equipment Plant

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By Joel ScanlonMar 7 2012

CNH has announced that it will invest $600 million for a new construction equipment plant located in Montes Carlos in Brazil.

To this end, the company signed a Memorandum of Understanding with the State of Minas Gerais. The agreement was signed by Governor of state government of Minas Gerais Antonio Anastasia at the headquarters of Fiat Industrial located in Italy.

According to the agreement operations at the plant are likely to begin by 2014 and the plant is expected to create 2,700 jobs. Of this 2,000 jobs will be created by a direct supplier of parts and components which will also be located within the vicinity of the plant. The total vicinity of the plant is likely to cover an area of 2 million sq.m of which 700 sq.m will be used up for the plant. With this plant, the company will expand its presence from its already existing plant in Contagem. The site at Contagem was set up in the year 1970 and was the first Fiat factory to be located in Brazil. This plant is responsible for the production of major brands of CNH which include New Holland Construction and Case. CNH works through 11,300 dealers located in 170 countries.

Source: http://www.cnh.com

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, February 22). CNH to Invest $600 Million in New Construction Equipment Plant. AZoBuild. Retrieved on November 22, 2024 from https://www.azobuild.com/news.aspx?newsID=15011.
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Scanlon, Joel. "CNH to Invest $600 Million in New Construction Equipment Plant". AZoBuild. 22 November 2024. <https://www.azobuild.com/news.aspx?newsID=15011>.
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Scanlon, Joel. "CNH to Invest $600 Million in New Construction Equipment Plant". AZoBuild. https://www.azobuild.com/news.aspx?newsID=15011. (accessed November 22, 2024).
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Scanlon, Joel. 2019. CNH to Invest $600 Million in New Construction Equipment Plant. AZoBuild, viewed 22 November 2024, https://www.azobuild.com/news.aspx?newsID=15011.