|This article is outdated. (November 2013)|
|Type||Public (NYSE: CNH)|
|Key people||Sergio Marchionne, Chairman of the Board
Richard Tobin, President and CEO
|Revenue||US$ 20.4 billion(2012 U.S. GAAP)|
CNH Global N.V. is a manufacturer of agricultural and construction equipment. CNH's scope includes integrated engineering, manufacturing, marketing and distribution of equipment on five continents. CNH's operations are organized into three business segments: agricultural equipment, construction equipment and financial services.
As of December 31, 2012, CNH manufactures its products in 37 facilities throughout the world and distributes its products in approximately 170 countries through approximately 11,500 full line dealers and distributors.
CNH Global N.V. is incorporated in and under the laws of the Netherlands. The company was created on November 12, 1999 through the merger of New Holland N.V. and Case Corporation. CNH Global N.V. stock is listed on the New York Stock Exchange (NYSE:CNH). The company presents its financial results on a quarterly basis under U.S. Generally Accepted Accounting Principles (GAAP). CNH is majority-owned by Fiat Industrial S.p.A.
- 1 Brands
- 2 Presence in growing markets
- 3 History
- 4 Management
- 5 Worldwide presence and production plants
- 6 Financial Information (in accordance with U.S. GAAP)
- 7 Awards and recognitions
- 8 References
- 9 External links
CNH products are marketed globally through two brand families, Case and New Holland. Case IH (along with Steyr in Europe) and New Holland make up the agricultural brand family. Case and New Holland Construction make up the construction equipment brand family.
In agricultural equipment, CNH is a manufacturer of agricultural tractors and combines, including hay and forage equipment and specialty harvesting equipment. For the year ended December 31, 2012, CNH sales of agricultural equipment represented 76% of revenues.
Case IH manufactures agricultural tractors, balers, coffee harvesters, combines, cotton pickers, planters, sugar cane harvesters, and tillage equipment, sold through a global network of dealers. They also took over the UK tractor maker DAVID BROWN, only to later close them down.
New Holland Agriculture manufactures agricultural tractors, balers, combines, forage harvesters, grape harvesters, hay tools, material handlers, planters, seeders, sprayers, tillage equipment and groundscare. New Holland has manufacturing facilities and offices in several counties, and an international distribution network.
In construction equipment, CNH manufactures backhoe loaders and skid-steer loaders in North America, and crawler excavators in Western Europe. It also seels replacement parts and services to support its equipment. For the year ended December 31, 2012, CNH sales of construction equipment represented 18% of revenues.
Case Construction Equipment offers construction equipment, including backhoe loaders, articulated trucks, crawler and wheeled excavators (including compact), telehandlers, motor graders, wheel loaders (including compact), vibratory compaction rollers, crawler dozers, skid steers, compact track loaders, tractor loaders and rough-terrain forklifts.
New Holland Construction
New Holland Construction manufactures construction equipment including crawler and wheeled excavators, wheel loaders, backhoes loaders, skid steer loaders, dozers, telehandlers, mini-wheel loaders compact track loaders, mini and midi excavators and graders.
CNH offers financial services under the brand name CNH Capital. CNH Capital offers financial products and services to dealers and customers in North America, Australia, Brazil and Western Europe. The principal products offered are retail financing for the purchase or lease of new and used CNH equipment and wholesale financing to its dealers. Wholesale financing consists primarily of floor plan financing and allows dealers to purchase and maintain a representative inventory of products. The retail financing is offered in North America, Brazil, Australia and Europe through wholly owned subsidiaries and in Western Europe through the joint venture with BNP Paribas Lease Group. As of December 31, 2012, Financial Services managed a portfolio of receivables of approximately $18.9 billion.
Parts and Service
CNH brands provide after-sales parts, service and support to their customers, both at the dealerships and in the field. Parts support is offered for items in their current product lines and past products, up to 20 years. Parts distribution is operated through parts depots present on all five continents.
Presence in growing markets
CNH International was established in 2007, responsible for the manufacture, sales, distribution and after-sales operations of agricultural and construction equipment in over 120 countries throughout Africa, the Middle East, the Commonwealth of Independent States, Asia and Oceania, encompassing Australia, China and India. With the Head office located in Switzerland, CNH International covers the territory through hubs, production facilities and dealer network. Activities related to marketing, financial, training and after-sales services are present in the hubs to support the agricultural and construction businesses. Hubs are located in Istanbul (Turkey), Moscow (Russia), Kiev (Ukraine), Tashkent (Uzbekistan), New Delhi (India) Shanghai (China), and Sydney (Australia) with Representative Offices in Johannesburg (South Africa) and Bangkok (Thailand). They are stationed in each key area, often very close to the eight production plants and three research & development centres for those markets. Some of the production facilities also manufacture and export machinery to Europe and the Americas. CNH International collaborates with governments[which?], international organizations[which?], academic institutions[which?] and private firms[which?] in mechanization development projects, model farms and counseling activities. The company sells and distributes agricultural and construction machinery and provides services which include parts availability, technical assistance, training, know-how and financial services. CNH International is supported by a network of distributors and dealers totaling about 4,900 service points.
Case Construction equipment timeline
- For full history see Case
- 1842: Case is founded
- 1912: Case manufactures a line of road-building equipment, including graders and compaction units
- 1957: Case Model 320 is launched - the first fully integrated[clarification needed] backhoe loader
- 1969: Case CE begins production of skid steer loaders
- 1988: Fortune Magazine lists the Case loader/backhoe among “100 Products America Makes Best”
- 1998: Case is the first manufacturer to offer ride control on backhoe loaders and skid steer loaders
- 2000: the 100,000th skid steer loader is manufactured
- 2005: the 500,000th loader/backhoe is manufactured
- 2008: Jerome I. Case inducted into the Construction Hall of Fame by the Association of Equipment Manufacturers. Three years later, in 2011, also Case engineer Elton Long, “father of the loader/backhoe,” is inducted into the same Construction Equipment Hall of Fame for significant contributions to the construction industry.
- 2011: Case became the first construction equipment manufacturer to offer both selective catalytic reduction and cooled exhaust gas recirculation, aimed at meeting U.S. and European emissions standards.
- 2012: Case celebrates its 170th year in business.
Case IH milestones
- For full history see Case IH
- 1834: Cyrus Hall McCormick Sr. patents the McCormick reaper
- 1842: J.I. Case founds Racine Threshing Machine Works
- 1902: McCormick, Deering Harvester Company, Plano Manufacturing Company, Champion Line and Milwaukee Harvester Company merge to create International Harvester (IH)
- 1923: Farmall, the “little red tractor”, is introduced to the market
- 1942: Case first self-propelled combine is produced
- 1977: The first Axial-Flow rotary combine is produced
- 1985: Case and the agricultural division of International Harvester merge, creating Case IH
- 1987: Case IH Purchases Steiger
- 1988: Case IH introduces the Magnum tractor – the first new machine to come from the combined engineering of International Harvester and Case.
- 1996: Steiger Quadtrac tractor is introduced.
- 2006: Case IH announces new on-board module builder technology for cotton harvesting. The Case IH Module Express 625 is the first commercial cotton picker with the ability to build modules while harvesting.
- 2009: Case IH launches a new line of combines with six Axial-Flow models, including a Class IX 9120 model.
- 2010: Introduction of EfficientPower Puma, Puma CVX, Magnum and Steiger & QUADRAC models, designed for lower fuel consumption.
- For full history see New Holland Agriculture
- 1895: Abe Zimmerman produces a feed mill to help the Pennsylvania farming community
- 1903: New Holland Machine Company is founded by Abe Zimmerman in New Holland, Pennsylvania
- 1906: A Belgian mechanic, Leon Claeys, starts to build threshing machines and three years later builds his factory in Zedelgem, Belgium
- 1907: Ford comes out with a prototype of mass-produced tractor; the Fordson Model F is actually produced 10 years later
- 1919: Fiat starts production of Model 702 tractor
- 1964: New Holland buys a major interest in Claeys
- 1975: Braud launches the first grape harvester, model 1020
- 1980s: Fiat acquires Braud
- 1986: Ford buys New Holland and forms Ford New Holland Inc.
- 1991: Fiat purchases 80 percent of Ford New Holland and New Holland brand becomes a global full liner producer
- 2001: New Holland introduces the CX combine series
- 2006: New Holland celebrates 100 years of its Zedelgem plant
- 2007: New Holland sponsors Turin's Juventus football club
- 2009: New Holland introduces its Hydrogen-powered tractor NH2 and the Energy Independent Farm concept
- 2011: New Holland is a Gold Sponsor of the Climate Action Networking Reception, hosted by Climate Action in partnership with the United Nations Environment Programme (UNEP) and the South African government in Durban.
- 2012: New Holland celebrates 200,000th tractor made at its Indian plant at its manufacturing facility in Greater Noida, near New Delhi.
- For full history see New Holland Construction
- 1931: Fiat Trattori builds the first tractor with crawler tracks
- 1947: First hydraulic excavators are built in Turin by Bruneri, which will join the company in 1970
- 1966: Ford, which will become part of the company, builds its first backhoe loader
- 1972: First New Holland skid-steer loader is produced
- 1974: Fiat and Allis-Chalmers merge, creating FiatAllis
- 2002: A global alliance with Kobelco is signed to bring Kobelco’s 40-year expertise in crawler excavator design
- 2005: New Holland Construction is launched as a brand
- 2007: New Holland Construction produces the 200,000th skid steer loader, 35 years after its first one came off the line
- 2008: New Holland Construction launches the E215B crawler excavator with a new engine designed for lower emissions
- 2011: New Holland announces its Tier 4 interim solutions and launches the first compliant models.
- 1999: CNH was created in November 1999 through the business merger of Case Corporation and New Holland N.V.
- 2000: CNH Global acquires all of the shares of Flexi-Coil Ltd., a Canadian agricultural equipment manufacturer based in Saskatoon, Saskatchewan. Paolo Monferino is appointed President & Chief Executive Officer of CNH Global N.V.
- 2001: CNH Global, Kobe Steel Ltd., and Kobelco Construction Machinery reach an agreement to form a global alliance for the marketing, development and production of crawler excavators worldwide. The alliance with Kobelco includes also distribution of CNH construction equipment in Japan and the Asia Pacific region.
- 2002: CNH Global entered its second joint venture in China. Shanghai New Holland Agricultural Machinery Corp. Ltd. was formed by an agreement between Shanghai Tractor, Internal Combustion Engine Corp.and CNH's New Holland brand ofagricultural equipment. CNH Global N.V. creates Fiat Kobelco Construction Machinery S.p.A. (Fiat Kobelco) and agrees to a long term retail financing partnership across Europe with BNP PARIBAS Lease Group (BPLG), the leasing arm of BNP PARIBAS.
- 2005: In Europe and Latin America, CNH rationalizes non-Case construction equipment brand families into one brand, New Holland Construction. CNH Board elects Harold Boyanovsky as President & Chief Executive Officer of CNH Global N.V.
- 2006: Sergio Marchionne is appointed Chairman of the Board of CNH Global N.V.
- 2007: Case Construction Equipment and Hyundai Heavy Industries form a strategic alliance to produce a selected wheel loader size.
- 2010: Fiat announces that CNH, Iveco and Fiat Powertrain Industrial & Marine will be separated from the auto business and listed in Milan stock exchange as Fiat Industrial. CNH and KAMAZ finalize strategic alliance for the production and commercialization of agricultural and construction machinery in Russia.
- 2011: CNH becomes part of Fiat Industrial S.p.A on January 1st.
- 2012: Richard Tobin is named President and CEO of CNH Global N.V.
- 2013: CNH merges with parent company Fiat Industrial S.p.A, forming the new CNH Industrial N.V., on September 30th.
The board of directors of CNH currently has 12 members: Harold D. Boyanovsky, Thomas J. Colligan, Edward A. Hiler, Lèo W. Houle, Rolf M. Jeker, Peter Kalantzis, John B. Lanaway, Kenneth Lipper, Sergio Marchionne, Paolo Monferino, Jaques Theurrilat and Richard Tobin.
Sergio Marchionne was appointed Chief Executive Officer of Fiat S.p.A. in June 2004 (where he has served as a Board member since 2003), of Fiat Group Automobiles S.p.A. in February 2005 and of Chrysler Group LLC in June 2009. Mr. Marchionne was appointed Chairman of CNH Global N.V. in April 2006 and of Fiat Industrial S.p.A. in July 2010. In January 2006 he was also elected Chairman of the European Automobile Manufacturers Association (ACEA). In 2006, he was nominated to be a "Cavaliere del Lavoro" by Italian President Giorgio Napolitano. In March 2006, he was appointed Chairman of CNH.
President and CEO
Richard Tobin is President and Chief Executive Officer of CNH and a member of the Industrial Executive Council (IEC) of Fiat Industrial from January 2012. He began his career with GTE Corporation in Stamford, Connecticut (U.S.), as Vice President of International Marketing. In 1995, he joined Alusuisse-Lonza SA in Zurich, Switzerland, as General Manager and Vice President, where he remained until 2001; in 2001 he joined Alcan Aluminum of Montreal, Canada and in 2002 SGS Group of Geneva, Switzerland as Chief Operating Officer for North America. In 2004 he became SGS Group’s Chief Finance Officer & Information Technology; in March 2010 he joined CNH as Chief Financial Officer and is appointed President and CEO of CNH Global N.V. since 1 January 2012.
Worldwide presence and production plants
CNH has a network of more than 11,500 dealers and distributors spread across approximately 170 countries worldwide. Dealers are independent and not owned by CNH, with the exception of 12 dealerships in North America and Europe. CNH's manufacturing base includes 37 facilities in Europe, Latin America, North America and Asia.
- Queretaro (Mexico) - Tractors, components (Joint-ventures)
- Saskatoon (Canada) - Planting and seeding equipment, components, R&D center
- Benson, MN (USA) - Agricultural sprayers, cotton pickers/packagers, floaters, R&D center
- Burlington, IA (USA) - Backhoe loaders, fork lift, components, R&D center
- Lebanon, Indiana,IN (USA)- components
- Calhoun, GA (USA) - Crawler excavators, dozers
- Fargo, ND (USA) - Tractors, wheel loaders, R&D center
- Goodfield, IL (USA) - Soil management, R&D center
- Grand Island, NE (USA) - Combines, windrowers
- New Holland, PA (USA) - Hay and forage equipment; R&D center
- Racine, WI (USA) - Tractor assembly, transmissions, components
- Wichita, KS (USA) - Skid-steer, track loaders, R&D center
- Modena – Components, R&D center
- Jesi - Tractors
- Lecce - Dozers, tractor loaders backhoe, telehandlers, wheel loaders, R&D center
- San Mauro - Crawler excavators, wheeled excavators, R&D center
- Belo Horizonte - Crawler excavators, tractor loader backhoes, crawler dozers, wheel loaders, graders; R&D center
- Curitiba - Tractors, combines; R&D center
- Piracicaba - Sugar cane harvesters, coffee harvesters, planters and sprayers, R&D center
- Sorocaba - Combines, R&D center
- Coex - Grape harvesters; R&D center
- Croix – Cabs
- Tracy-Le-Mont - Hydraulic cylinders
- Antwerp – Components
- Zedelgem- Combine harvesters, hay and forage, large rectangular balers, R&D center
Other European countries:
- St. Valentin (Austria) Tractors, R&D center
- Berlin (Germany) – Graders, R&D center
- Plock (Poland) – Combines, round balers, components, R&D center
- Basildon (UK) – Tractors, R&D center
- Shanghai (China) - Tractors, components, R&D center (Joint-venture)
- Harbin (China) - Tractors
- New Delhi (India) - Tractors, components, R&D center
- Pithampur (India) - Tractor loader backhoes, compactors
- Dera Ghazi Khan (Pakistan) – Tractors (Joint-venture)
- Naberezhnye Chelny (Russia) - Tractors, combines (Joint-venture)
- Ankara (Turkey) - Tractors, R&D center (Joint-venture)
- Tashkent (Uzbekistan) - Tractors and planters
Financial Information (in accordance with U.S. GAAP)
As of December 31, 2012, net sales amount to approximately $ 19.4 billion.
In 2012, CNH sales of agricultural equipment represented 76% of the net sales and sales of construction equipment represented 18% of the net sales.
Awards and recognitions
During 2012, CNH was awarded with:
- January 2012 - Gold Well Workplace Award by the Wellness Council of America (WELCOA) for achieving the highest level across seven benchmarks for results-oriented health management program
- May 2012 - LEED Gold certification by the United States Green Building Council (USGBC) for CNH and Iveco’s parts distribution center in Sorocaba (SP), for the adoption of green technologies
- August 2012 - ISO 50001 Energy Management and ISO 14064 Greenhouse Gas Emissions quality certifications by the International Organization for Standardization (ISO) were awarded to CNH JV TürkTraktör, for quantifying and reducing greenhouse gas emissions 
- "Form 20F 2012" (PDF). Form 20F p.6.
- "Form 20F 2011" (PDF). Form 20F p.21.
- FORM 20F 2011– p. 3. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDU3Mjc3fENoaWxkSUQ9NDg0Mjg2fFR5cGU9MQ==&t=1
- ">> Business Lines". CNH. Retrieved 2010-06-13.
- "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934". CNH Annual Report p.21. Retrieved 2012-05-23.
- "CNH Global N.V". http://phx.corporate-ir.net. Retrieved 2010-06-13.
- "Commercial Equipment Financing, Leasing and Insurance services". CNH Capital. Retrieved 2010-06-13.
- "News - Extension of the partnership between BNP Paribas Lease Group and Case N... | BNP Paribas Bank". Bnpparibas.com. Retrieved 2010-06-13.
- "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934". http://phx.corporate-ir.net/External.File.
- "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934". CNH Annual Report p.31.
- "CNH International Construction Equipment Unveils Its New Organization". CNH International Construction Equipment Unveils Its New Organization. Retrieved 2010-04-22.
- "CNH 2010-2014 Plan" (PDF). CNH 2010-2014 Plan p.29. Retrieved 2010-06-17.
- "Elton Long Joins Construction Equipment Hall of Fame | Story ID: 17210". Construction Equipment Guide. Retrieved 2012-08-09.
- Case Official website http://www1.casece.com/en_eu/Why-Case/Pages/Tier-4.aspx
- "Compact Equipment Online - 170 Years of Case Construction Equipment History Compressed into 1 Minute and 7 Seconds (Video)". Ceunbound.com. 2012-07-10. Retrieved 2012-08-09.
- Case IH Official website http://www.caseih.com/en_gb/aboutus/pages/history.aspx
- "We New Holland - The world of New Holland". Agriculture.newholland.com. Retrieved 2010-06-13.
- Climate Action Programme Official website http://www.climateactionprogramme.org/networkingdurban/
- "New Holland Construction | Built Around You". Europe.construction.newholland.com. Retrieved 2010-06-13.
- New Holland Construction Official website http://www.t4aroundyou-newholland.com/en/default.aspx
- "CNH completes Flexi-Coil purchase - The Business Journal of Milwaukee". Milwaukee.bizjournals.com. 2000-01-05. Retrieved 2010-06-13.
- "Paolo Monferino Profile - Forbes.com". People.forbes.com. Retrieved 2010-06-13.
- "2001/03/29 Kobe Steel Kobelco and CNH Global to Set Up Global Alliance in Their Construction Equipment Business Agreement Includes Substantial Cross Investment Among The Companies". Kobelco.co.jp. Retrieved 2010-06-13.
- "NH Enters Joint Venture with Shanghai Tractor".
- "News - CNH and BNP Paribas Lease Group to expand retail financing activities a... | BNP Paribas Bank". Bnpparibas.com. Retrieved 2010-06-13.
- "Harold D. Boyanovsky Profile - Forbes.com". People.forbes.com. Retrieved 2010-06-13.
- ">> COMPANY >> Executive Profiles". CNH. Retrieved 2010-06-13.
- "Case Construction Equipment and Hyundai Heavy Industries Form Strategic Alliance". Marketwire.com. 2007-10-11. Retrieved 2010-06-13.
- Jo Winterbottom, Helen Massy-Beresford (2010-04-21). "Fiat to demerge autos, industrial activities". Reuters. Retrieved 2010-05-02.
- "FIAT GROUP "5 years plan"p. 13"
- "CNH-KAMAZ Industrial JV Announces New Locally Built Models for Russia". CNH-KAMAZ Industrial JV Announces New Locally Built Models for Russia. Retrieved 2010-05-24.
- Form 20F 2012 p. 68 http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTc0MDU2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
- Forbes http://people.forbes.com/profile/richard-tobin/153126
|url=missing title (help).
- "Cnh (Fiat): Richard Tobin nuovo direttore finanziario, viene da Sgs | Radiocor, lunedi' 8 marzo 2010 (articolo 789974)". Archivio-radiocor.ilsole24ore.com. Retrieved 2012-08-09.
- ">> MEDIA >> News". CNH. Retrieved 2012-08-09.
- Report 20F 2012 p. 28 http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTc0MDU2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
- FORM 20F 2011 – p. 33. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDU3Mjc3fENoaWxkSUQ9NDg0Mjg2fFR5cGU9MQ==&t=1
- "ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934". CNH Annual Report p.6.
- FORM 20F 2011 – p. 21. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTc0MDU2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
- FORM 20F 2012 – p. 21. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTc0MDU2fENoaWxkSUQ9LTF8VHlwZT0z&t=1
- WELCOA website http://www.welcoa.org/wellworkplace/listings/index.php?act=list&year=2012
- USGBC Official website http://new.usgbc.org/projects/cnh-centro-distribuicao-pecas-sorocaba
- New Holland website http://agriculture.newholland.com/ir/en/WNH/news/Pages/T%C3%BCrkTrakt%C3%B6rAwardedInternationalEnergyManagementandGreenhouseGasEmissionsCertifications.aspx