CNH to build Sumitomo excavators
New agreement to build 13-35 tonne crawler excavators
CNH Industrial, the builder of Case and New Holland construction machinery, has signed an agreement with Sumitomo to build Sumitomo-designed excavators at its manufacturing plants.
The technology license and component supply agreement will see CNH build crawler excavators, wth models ranging from 13 to 35 tonnes designed by Sumitomo Heavy Industries, with production of the new localized models expected to start mid-2016.
The agreement also extends the existing Global Product Supply (OEM) agreement between CNH Industrial and Sumitomo (S.H.I.) Construction Machinery for the sourcing of excavators from Sumitomo plants. Sumitomo has been a supplier to the CNH Industrial global distribution network since 1992 for models ranging from 7 to 80 tonnes
CNH Group N.V. has agreed to enter into a new licensing agreement with Sumitomo (S.H.I.) Construction Machinery Co. Ltd., a wholly owned subsidiary of Sumitomo Heavy Industries, Ltd.
Under this new technology license and component supply agreement, CNH Industrial will manufacture Sumitomo designed crawler excavators (models ranging from 13 to 35 tonnes) at designated plants within its manufacturing network. Start of production of the new localized models is planned for mid-2016.
This agreement also extends the existing Global Product Supply (OEM) agreement between CNH Industrial and Sumitomo (S.H.I.) Construction Machinery for the sourcing of excavators from Sumitomo plants.
Sumitomo has been a supplier to the CNH Industrial global distribution network since 1992 for models ranging from 7 to 80 tonnes.
“This next step will further strengthen the partnership between the two companies,” said Richard Tobin, CNH Industrial CEO and Brand President of Case and New Holland Construction, adding that now CNH Industrial has completed the transition from its previous dual source excavator strategy to a single global partner, after disbanding its previous agreement with Kobelco.
“This new licensing agreement builds on our successful long-term relationship with Sumitomo. It confirms CNH Industrial’s intention to invest and leverage the most advanced specialist players in the industry in order to provide customers around the world with construction equipment that consistently delivers performance and productivity” said Tobin.
