IN: Equipment Manufacturer CNH Parts, Service Investing $13M, Hiring 100
15 May, 2013
CNH Parts & Service, the product support division of agricultural and construction equipment maker CNH Global N.V., announced plans to expand its operations in Lebanon, Indiana, creating up to 100 new jobs by 2014.
The Racine, Wis.-headquartered company will invest $13.3 million to lease and equip a 153,000 square-foot facility located in the Lebanon Business Park, bringing the company's total footprint at the site to 1.2 million square feet housed in three buildings. The new facility, which will be fully operational by 2014, will include a new command and control operation for the company's extensive parts delivery system.
"CNH is the latest example of how Indiana is growing, both in the field and in job creation," said Governor Mike Pence. "The Hoosier State's agricultural success is directly tied to our economic success. With our low-tax, business-friendly climate continuing to draw investment and new jobs to one of our state's most vital industries, Indiana is a state that works for agriculture."
CNH, which currently has more than 500 full-time employees and 200 contract employees in Lebanon, has already begun hiring additional material handlers, equipment operators, packagers, logistics, administrative and support personnel. The company employs 33,800 employees worldwide.
"This new processing center will significantly enhance and expand the overall capabilities of our North American parts operations," said Scott Harris, vice president of CNH Parts & Service for North America. "Its mission is to provide new and highly specialized services that will help our dealers grow their parts sales, even in the most highly competitive segments of our business."
Formed in 1999 through a merger of New Holland N.V. and Case Corporation, CNH manufactures and supplies off-highway equipment including tractors and combines for the agriculture industry, skid steer loaders, loaders backhoes and hydraulic excavators for the construction industry. The company, which operates 11 parts distribution facilities in North America, has a network of approximately 11,500 dealers in 170 countries.
The Indiana Economic Development Corporation offered CNH America, LLC up to $650,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lebanon approved additional tax abatement at the request of the Boone County Economic Development Corporation.
"CNH has experienced tremendous success over the past few years." said Lebanon Mayor Harold Lewis. "This was a competitive project and I'm excited that CNH chose the city of Lebanon as the ideal place to continue to invest, grow and prosper."
The agriculture industry plays a vital role in Indiana's economy. Home to 62,000 farms and 14.7 million acres of farmland, Indiana is a leading state nationally in the production of corn, soybeans, hogs, poultry, popcorn, and tomato products.
CNH Parts & Service provides aftersales parts and service solutions for CNH Global N.V. (NYSE: CNH), a majority-owned subsidiary of Fiat Industrial S.p.A. (FI.MI), and the Case and New Holland brand families, including CNH Original Parts, Case- and New Holland-branded parts, and a wide range of global support services for the Case and New Holland dealer network. More information about CNH and CNH Parts & Service can be found online at www.cnh.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.