RUSSIAN DEPUTY PRIME MINISTER GORDEYEV TO VISIT CNH'S RACINE MANUFACTURING OPERATIONS
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Lake Forest, Illinois (May 2, 2003) Deputy Prime Minister of the Russian Federation and Minister of Agriculture Alexei Gordeyev, along with a delegation of other Russian dignitaries, is scheduled to visit with top CNH management on Saturday, May 3, 2003 to discuss additional future business opportunities with Russia.
Gordeyev was invited to the United States by USDA Secretary Ann Veneman. CNH is the first US-based company Gordeyev has chosen to visit following his trip to Washington D.C. The meeting will take place at the Racine Manufacturing Operations, home of the New Holland TG and Case IH Magnum agricultural tractors.
CNH's history of business with Russia dates back to 1907, when the focus was on supporting the booming agricultural industry. Since then, and particularly in the last 12 years, CNH has taken the leading position among western suppliers to Russia and other republics of the former Soviet Union. As their agricultural industry continues to grow, Russian agricultural equipment needs are focused on new, top-of-the-line, high performance equipment including high horsepower tractors, such as the Magnum and TG, and combines, such as the Case IH Axial-Flow and New Holland TX ranges.
CNH is the number one manufacturer of agricultural tractors and combines in the world, the leader in light construction equipment, and has one of the industry's largest equipment finance operations. Revenues in 2002 totaled $10 billion. Based in the United States, CNH's network of dealers and distributors operates in over 160 countries. CNH agricultural products are sold under the Case IH, New Holland and Steyr brands. CNH construction equipment is sold under the Case, FiatAllis, Fiat Kobelco, Kobelco, New Holland, and O&K brands.