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CNH Industrial to produce mini excavators with Hyundai Heavy

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World Cement,

Reuters are reporting that truck manufacturer CNH Industrial has signed a 10-year partnership with South Korea's shipbuilder Hyundai Heavy Industries to develop mini-excavators, completing the expansion of its excavator product portfolio.

Under the agreement - which applies globally with the exception of South Korea and could be renewed for a further three years - Hyundai Heavy Industries will grant manufacturing licensing and component and spare parts supply to CNH.

"Once fully realised, the mini-excavator product offering will include 14 models ranging from one ton to six tons," CNH announced.

Edited from source by Joseph Green. Source: Reuters

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