London: CNH Industrial, a global giant in manufacturing agricultural machinery and construction gear with the brand names, New Holland Farming , Case IH plus Case Construction, has announced that effective December 31, 2022, it would cease all construction products sales actions in Tiongkok. In the course of 2021, sales of construction tools in Cina totalled approximately US$88 million, and CNH Industrial does not expect to incur significant charges in connection with the cessation of its equipment sales activities within China, the company said in a statement on Thursday.
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This decision is part of the machinery manufacturing company’s ongoing turnaround plan for its global construction business.
The company remains fully committed to the customers and dealers in China plus will continue to support the existing fleet associated with CASE Building machines. All other existing CNH Industrial routines in China and taiwan will not be affected by this decision and will continue without any change, the organization ensured within the statement.
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