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Article: Russia : CNH and Russia s Kamaz agree joint venture.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
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CNH and Russia's Kamaz Corporation have signed a joint venture agreement that will see the two companies set up manufacturing facilities in Naberezhnye Chelny in Tatarstan, Russia.
Under the deal, the joint venture will produce various CNH agricultural products and specific construction equipment from 2010. The facility will also serve as an assembly plant for other CNH products.
"This agreement is a strong sign of our long term commitment to Russia," said Sergio Marchionne, CEO of Fiat and chairman at CNH Global. "With this joint venture, CNH will bring technological know-how, an existing distribution network and ...