SOURCE: CNH

CNH

June 22, 2010 12:22 ET

Turkmenistan, CNH Validate Fruitful Partnership

A Meeting With the Turkmen Head of State Consolidates CNH's Long-Term Cooperation With Turkmenistan to Modernize the Country's Agricultural Sector

LUGANO, SWITZERLAND--(Marketwire - June 22, 2010) -  Within the framework of the US-Turkmenistan business forum, Franco Fusignani, CNH International CEO, was received on June 16th by his Excellency Gurbanguly Berdimuhamedov, President of Turkmenistan, in Ashgabat, to discuss continued cooperation and future projects aimed at revitalizing the country's agribusiness sector.

The meeting marked the mutual interest and long-term cooperation of the two parties and offered the opportunity to further highlight the company's commitment to supporting the modernization of the country and the importance of training and service activities.

As reported by Turkmenistan's State News Agency (TDH), the President of Turkmenistan recognized "the leadership of the largest [U.S.] company operating successfully in Turkmenistan for many years for its responsible approach to implementing the projects in the country and reaffirmed the readiness to continue fruitful partnership. [...] President Gurbanguly Berdimuhamedov noted that Turkmenistan implemented the comprehensive agrarian reform program through studying best international practices and using state-of-the-art equipment. In this regard the development of fruitful contacts with the Case [New Holland] Company as one of the world's leading agricultural equipment manufacturers was deemed quite promising."

Mr. Fusignani reported on the progress of a number of ongoing joint projects and exchanged views with the President on prospects for further cooperation. Focusing on his company's intention to expand on the very promising Turkmen market, Mr. Franco Fusignani put forward proposals to provide maintenance services and training by highly qualified personnel in order to support the modernization of the country's agriculture.

Mr. Fusignani's meeting with the President of Turkmenistan comes in the wake of the recent inauguration of the Agricultural Institute in the country's northern city of Dashoguz, for which CNH provided equipment, training tools, trainers and technicians.

The new institute will offer advanced training in a modern classroom environment provided by CNH, equipped with computers for all students and interactive media boards. The company also supplied training aids for the agricultural mechanization courses, such as an electronic animated hydraulics schematic board, cut-away teaching engine, transmission, CNH's precision land management simulator and rear axle modules and two remote combine operator rigs to train groups in a real operator working environment.

"At CNH we believe that training is essential to the success of modern agriculture. As equipment manufacturers, we are engaged in training initiatives throughout the country; we see it as our responsibility to enable farming operators to get the most of modern farming technologies and agricultural practices through a better understanding of the full possibilities offered by the technology available throughout the world today. Our involvement in the Agricultural Institute will further contribute to developing agricultural best practices in Turkmenistan, help develop the people who are the future of agriculture in the country, and strengthen our long-term cooperation and commitment in this regard," commented Franco Fusignani.

Since his appointment in 2007, the President of Turkmenistan held several meetings with the CNH International CEO, based on the mutual respect and trust and their respective commitment. Talks were focused on the evolution of agricultural techniques, a key segment for the country's economy, and increasing business opportunities. In this regard, through its collaboration program with Turkmenistan, in 2009, CNH delivered 300 Case IH Magnum tractors with 255 hp to the country.

CNH has a long history in Turkmenistan, supplying its two agricultural brands' high-productivity equipment and after sales support since 1994, as well as providing expertise and training in best practices, technological innovations and technical skills.

CNH
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 S.p.A. (MI: FIA). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.

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