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|CNH Announces Closure of Compact Tractor Assembly Plant in Dublin, Georgia|
NEW HOLLAND, PA, Jan 31, 2011 (MARKETWIRE via COMTEX) --
To further optimize its manufacturing footprint and reduce fixed costs, CNH has announced today it will close its compact tractor assembly facility in Dublin, Georgia, during the first quarter of 2011.
The plant's product line includes compact tractors marketed under the New Holland Agriculture "Boomer" and Case IH "Farmall" nameplates.
"Closing the Dublin plant will allow us to adjust our operations to meet market demand and, at the same time, continue providing our customers with the highest level of quality, value, service and support. This action is consistent with our long-term strategy to achieve a lean, highly flexible industrial operation -- and continue building a stronger, more competitive company going forward," said Bret Lieberman, Vice President, North American Agricultural Manufacturing.
Lieberman added that the decision to close the facility was a difficult one and the closure in no way reflects on the performance of the Dublin plant, or on the performance of its employees.
"After reviewing all options," he said, "the action being taken will best meet the company's current and future business needs."
Employees impacted by this action may be eligible for benefits under the company's separation or pay continuation plans and will also have access to outplacement assistance.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,600 dealers in approximately 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE: CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A. (MI. FI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.
For more information contact: Bret Lieberman North America Ag Manufacturing +1 (717) 355-3043