CNH GLOBAL ANNOUNCES MORE THAN $1 MILLION IN EQUIPMENT, CASH DONATIONS FOR HURRICANE RELIEF
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Lake Forest, IL, Sept. 08, 2005 - CNH Global N.V. (NYSE: CNH), one of the world's largest manufacturers of agriculture and construction equipment, today announced it will donate more than $1 million of Case and New Holland construction equipment to support ongoing relief and restoration efforts related to Hurricane Katrina, which devastated several Gulf Coast states. The contribution includes approximately $200,000 of construction equipment from Kobelco, its global alliance partner.
"Our deepest condolences go out to all of those who have been affected directly or indirectly by this immense natural disaster," said Harold Boyanovsky, president and CEO of CNH. "We are pleased to be in a position to provide equipment needed to begin the process of rebuilding these communities."
CNH continues to work closely with their dealers in the region, with the Business Roundtable through their Partnership for Disaster Relief, and with the National Association of Manufacturers to channel assistance to federal and state relief efforts supporting victims of the devastation.
In addition to providing equipment, CNH also announced it will match individual employee donations to the American Red Cross Disaster Relief Fund on a dollar-for-dollar basis up to $250,000. CNH will continue to monitor the recovery progress and develop further actions to allow employee volunteers to assist affected family members and dealers to cope with their rebuilding needs.
CNH is the power behind leading agricultural and construction equipment brands of the Case and New Holland brand families. Supported by more than 11,400 dealers in 160 countries, CNH brings together the knowledge and heritage of its brands with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. More information about CNH and its products can be found online at www.cnh.com.