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CNH EXPANDS ITS CONSTRUCTION EQUIPMENT PRODUCTION IN IOWA
Source: CNH news release

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced it is investing $24 million to expand production in Burlington, Iowa with the addition of the company's crawler dozer production line. The capital goods company is increasing its existing presence in the city by adding the new production line to its manufacturing plant.

This expansion will create approximately 50 full-time jobs. Preparations will begin later this year and production on the new line is expected to begin in the second half of 2015.

"With the growing demand for quality construction equipment, we are pleased to announce that production in Burlington, Iowa will be expanded," said Bret Lieberman, CNH Industrial Vice President of Manufacturing, North America. "We look forward to creating a state-of-the-art production line that will continue CNH Industrial's tradition of providing high-performing equipment to the construction industry."

The machines are currently produced at the Calhoun, Ga., plant which will close in the third quarter of 2015 as the company adjusts its construction operations. Moving the production line to Iowa is consistent with CNH Industrial's long-term strategy to optimize its manufacturing footprint and achieve a lean, flexible industrial operation that delivers best-in-class response to the CNH Industrial brands' customers around the world. The production transfer is contingent upon completion, and approval, of all State and local incentives and grants.


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