CNH and Iveco, joint commitment in the suppliers’ partnership
CNH and Iveco, the two Fiat Group companies that manufacture respectively agricultural and earth moving machines and vehicles, and commercial vehicles, have met in Turin nearly the whole body of their suppliers during the Suppliers' Leadership Conference.
For the first time after last year’s merge of their purchasing functions, the two companies have jointly organized a gathering of their suppliers.
The meeting, organized by Iveco and CNH Purchasing, has taken place in Palaisozaki, a futuristic building created in Turin for the Winter Olympic Games, and has welcomed over 1500 people from over 25 countries in the world (including China, Brazil, Canada, Japan).
Sergio Marchionne, CEO of Fiat Group, attended the event. CNH and Iveco CEOs, Harold Boyanovsky and Paolo Monferino, illustrated the economic and industrial performances of the two companies and stressed the importance of a solid partnership with the suppliers to ensure appropriate support to the companies’ growth strategies.
Loris Spaltini, Senior Vice President Purchasing of Iveco and CNH, presented the objectives for next year.
CNH Case New Holland
CNH Case New Holland is a world leader in the field of agricultural and earth moving machines and vehicles. With over 11,000 dealerships in 160 countries, CNH combines the experience and tradition of Case IH and New Holland brands in the agricultural sector and Case and New Holland in the earth moving sector, matching them with the strength and resources of its sales network, financial and after-sales services, manufacturing sites and R&D centres around the world.
CNH Global N.V., of which Fiat is a majority shareholder (FIA.MI; NYSE: FIA), is quoted at the New York stock exchange (NYSE: CNH).
Further information on CNH and its Case and New Holland products can be found on the website www.cnh.com.
Iveco designs, manufactures, and markets a broad range of light, medium and heavy commercial vehicles, off-road trucks, city and intercity buses and coaches as well as special vehicles for applications such as fire fighting, off-road missions, civil defence and protection.
Iveco employs 32,000 people and runs 43 production units in 18 Countries in the world using excellent technologies developed in 15 research centres. Besides Europe, the company operates in China, Russia, Turkey, Australia, Argentina, Brazil, and South Africa. More than 4,500 service outlets in over 100 Countries guarantee technical support wherever in the world an Iveco vehicle is at work.
Turin, 7th October 2006