Thursday, April 28, 2011

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FIAT: Invest U.S. $ 100 million in the Production of Agricultural Machinery


Case New Holland (CNH), a division of Fiat Group and a world leader in the industry will begin to manufacture combine harvesters, tractors and engines in Córdoba. Maybe I informed the President of Argentina Cristina Fernández by the President of Industrial Fiat, Sergio Marchionne, and Cristiano Rattazzi, president of the local subsidiary of Fiat. "Argentina will become a center of excellence for the Latin American production of these product lines" , said Marchionne.

production tractors will begin on a Iveco reconditioned plant, and simultaneously start construction of a new plant of 78,000 square meters designed to manufacture tractors and harvesters. In addition, production will expand FTP engine (Fiat Powertrain Technologies) to supply-demand in principle in crops.


Christian Lancestremere, commercial director of CNH, predicted that production capacity will be installed up to 4,000 tractors and 2,000 harvesters annually. "We should be in it at the end of 2012. The focus will be to supply the domestic market and export, "said .
Making a New Holland tractor model 80 HP for regional economies, for application in agriculture. As for harvesting equipment will thrust 450 HP, under the Case and New Holland.

40% of the production will go to the domestic market and 60% will be exported mainly to countries in Latin America. As entrepreneurs, the investment will create 600 direct jobs and another 1,500 indirectly. In addition, seek to strengthen the development of local suppliers parts.

Debora Giorgi, head of the ministry of Industry, attended the meeting along with his pair of Economics, Amado Boudou, said the Fiat Group's investment "responds to our demand that manufacturers double the national agricultural machinery production in 2011, to rebalance the sector's trade balance, just as you are working with the automotive industry. "



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