November 03, 2009 11:41 ET
CNH Participated in the US-Iraq Business Conference
The Event Offered to Foster Discussion on Trade and Investment Opportunities in Iraq
WASHINGTON, DC--(Marketwire - November 3, 2009) - The US-Iraq Business and Investment
Conference (USIBIC) was held on October 20th and 21st in Washington, D.C.
with the aim of offering US companies the possibility to learn about
business and trade opportunities in Iraqi markets.
Case New Holland (CNH) Head for the Middle East, Lodovico Tarabini, was one
of five panelists to introduce and discuss the 'US Business Experience' in
Iraq at the Conference. In addition to CNH, Tarabini's panel included The
Boeing Company, General Electric, Valmont Irrigation and Summit Corp.
Participants in this major international event included Iraqi Prime
Minister Nouri al-Maliki, US Secretary of State Hillary Rodham Clinton,
Iraqi Minister of Agriculture Dr. Akram al-Hakeem, US Secretary of Commerce
Gary Locke, Iraqi Minister of Oil Dr. Hussein Al-Shahristani, President
Obama's National Security Advisor General James L. Jones Jr., USMC (Ret.),
Dr. Sami Al-Araji, Chairman Iraq National Investment Commission and many
more Iraqi and US dignitaries.
Iraqi Prime Minister Nouri al-Maliki attended with an Iraqi delegation of
some 200 officials and business representatives who oversee numerous
financial projects in Iraq, ranging from agriculture to manufacturing, and
from construction to oil sectors.
The USIBIC represents an opportunity to forge relationships between US and
Iraqi companies, and for business and regional leaders from Iraq to foster
economic growth in the country.
Over the years, Case New Holland has accumulated in-depth experience and
knowledge of Iraq's market, providing machinery, training and technical
assistance to promote the country's development.
Among CNH Brands' activities recently carried out in Iraq, by the end of
the year, New Holland Agriculture will have completed the shipment of 1,250
tractor kits to Iskandariyah SCMI (State Company for Mechanical Industries)
manufacturing plant, located in the South of Baghdad, while providing
training to Iraqi technicians. In 2007, in coordination with the Task
Force on Business Stabilization Operations of the US Department of Defense,
Case New Holland signed a deal with the SCMI in Iskandariyah, for the
supply of 200 tractor kits, which enabled the plant to resume manufacturing
operations. Additionally, in 2006 and 2007, CNH successfully completed
two agricultural equipment rehabilitation programs for Iraqi farmers,
refurbishing over 3,100 tractors.
CNH continues to assist the farmer community and the Iraqi government with
reliable agricultural and construction equipment and the assistance they
need to develop their business and foster their country's growth.
For over 30 years, Case and New Holland have been the market leading brands
in Iraq for construction and agricultural equipment respectively.
Currently, there are more pieces of Case construction equipment and New
Holland agricultural equipment in Iraq than any other western manufacturer.
CNH - Case New Holland (CNH) is a world leader in the agricultural and
construction equipment businesses. Supported by about 11,300 dealers in 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 SpA. (MI: FIA), More
information about CNH and its Case and New Holland products can be found
online at www.cnh.com.