CNH Industrial begins trading as ‘pure’ construction and agriculture firm

By Dan Colombini12 January 2022

CNH Industrial has officially begun 2022 trading on the New York Stock Exchange and the Borsa Italiana, following the move to separate its ‘On’ and ‘Off’ Highway businesses.

CNH Industrial has begun trading for this year on the New York Stock Exchange and the Borsa Italiana. Credit: Reuters.

Since announcing the spin off in 2019, management has worked to set up the new organisation and set out its long-term priorities, which will see the firm now operate as a fully focused agriculture and construction equipment player.

“Today we are excited to usher in the new CNH Industrial, the result of detailed strategic planning, hard work and boundless determination,” said Scott W. Wine, chief executive officer, CNH Industrial.

“As a pure player in agriculture and construction, we will bring our undivided attention to bear on supporting our customers and dealers. This involves developing innovative products and processes to enhance productivity; accelerate profitable growth; and spearhead our ambitious ESG plans to ensure we act in full respect of people and the planet.

“I would also like to wish our former colleagues, and now respected peers, in the newly-formed Iveco Group N.V. every success as they commence independent operations and begin trading on Borsa Italiana’s.”

Following this announcement, the company will present its future direction at its Capital Markets Day on February 22, 2022.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
JLG’s New Perspective goes live
The hybrid online and live event took place in the UK earlier this month 
Video: Practical uses of BIM
Speaking at the Construction Technology Summit 2022, Dr Marzia Bolpagni, Senior BIM Advisor at Mace, looks at the practical uses for BIM in construction
€22bn Crossrail project completed in London
Central section of 117km underground line – renamed the Elizabeth Line – now open to passengers
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA