CNH Industrial, the parent company of Case Construction Equipment, will cease all construction equipment sales activities in China effective on December 31.
A report on Global Newswire out of London says that in the course of 2021, sales of construction equipment in China totaled approximately $88 million, and CNH Industrial does not expect to incur significant charges in connection with the cessation of its construction equipment sales activities in China.
This decision is part of the company’s ongoing turnaround plan for its global construction business, CNH says, and it remains fully committed to its customers and dealers in China. It will continue to support the existing fleet of Case machines.
All other existing CNH Industrial activities in the country will not be affected by this decision and will continue without any change.
