This agreement applies globally, excluding the South Korean market, and has a ten year term with the option for renewal.
Under the agreement, which includes supplying of original CASE equipment, and component and spare parts supply to CNH Industrial, CASE will be able to produce models of up to five tons at its plant in San Mauro, Italy. The two companies will also start a joint development program for new models’ introduction.
“This agreement is the latest step in our strategy to strengthen the CASE brand, consolidate its position in the markets and secure its long-term future,” explains Andy Blandford, Vice President, CNH Industrial Construction Equipment (Europe, Africa and the Middle East).
“It follows the new agreement we signed with Sumitomo for crawler excavators and the redevelopment and rebranding of the San Mauro and Lecce plants to create the CASE European Excavator and Wheeled Equipment Hubs,” he added.
In their first phase, CASE will launch a brand new range of mini excavators that will be further extended over time. The new models will be designed in collaboration with Hyundai Heavy Industries. Once fully realized, the scope of the mini-excavator product range will run up to six tons.