CNH Industrial leaves Russia

CNH Industrial, the manufacturer of Case industrial equipment and the Case IH and New Holland agricultural lines is divesting its business in Russia.

CNH Industrial announced in March of 2022 it would suspend supplies to Russia.  As of this week, the company is no longer guaranteeing salaries and administrative expenses at Russian operations.  CNH generated about 380 million dollars in revenue during 2021 in Russia or about 2% of the company’s revenue during the last full year of Russian operations.

CNH Industrial’s Russian footprint included manufacturing sites for agricultural equipment and implements, construction equipment, and a parts depot. These sites employed approximately 200 employees.

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