|By Marketwired .||
|November 25, 2012 10:00 PM EST||
BANGKOK, THAILAND -- (Marketwire) -- 11/25/12 -- CNH International SA ("CNH") and Asia Pacific Agricultural Machinery Co. Ltd. ("APAM"), its authorized distributor of New Holland agricultural equipment in Thailand, together with CFG Services Co. Ltd., today announce they have reached an agreement to offer retail financing programs designed for customers in the agricultural sector in the country.
The financing program, which will be fully operational starting December 2012, will be staffed by CFG Services Co. Ltd., who will work closely with New Holland Agriculture, APAM and its dealers to provide a full range of competitive and flexible financing packages.
Under the program, customers acquiring any model from the New Holland Agriculture tractor range will be given the opportunity to finance the acquisition with flexible payment options including monthly, quarterly, half-yearly and yearly payments, down payments starting from 20% and attractive interest rates. To celebrate this new development, New Holland Agriculture's best-selling compact tractors in Thailand will be available with interest rates starting at 5%(1).
Khun Somchai, Managing Director of APAM, commented, "This cooperation aims to help Thai farmers benefit from New Holland Agriculture's high premium tractor offering under affordable conditions. By making available dedicated financial packages and tailored options to meet our customers' business requirements, this agreement will increase their buying power. It will also be an important tool to increase the mechanization of the Thai agricultural sector."
Michele Lombardi, Head of Agricultural Operations in the Far East for CNH International, added, "With this agreement we aim to further improve the level of service offered to our customers. Thailand, where New Holland leads the tractor segment above 50 horsepower, is a very important market for us. This program will further raise the competitiveness of our full range of reliable equipment, and support the mechanization of the country's agriculture."
Tanyapong Thamavaranukupt, Managing Director of CFG Services Co. Ltd., said, "In the past we were able to help Thai tractor owners meet their borrowing needs with our tractor-for-cash product. This new tractor financing program leverages upon that experience and allows us to take our services to the next step, making it easier for Thais to invest in farming equipment that will help reduce their production costs and increase the productivity of their land."
"We are very pleased CFG Services has agreed to support CNH in Thailand by offering financial packages customized for the New Holland Agriculture brand," concluded Carlo Alberto Sisto, CNH Trade & Structured Finance Senior Director. "Its reputation as a trusted partner and its local presence will be of mutual benefit for our companies and our customers."
The continued mechanization of the agricultural sector in Thailand and the market position of the CNH brands provide considerable potential for growth for the three partners as a result of this new agreement.
(1) Notes: 1, Subject to applicable contractual terms and conditions
Note to the editor:
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by approximately 11,300 dealers in approximately 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed on the New York Stock Exchange (NYSE: CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A. (FI.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.
CNH International S.A., a subsidiary of CNH Global N.V., is the company responsible for the sales, distribution and after sales operations of agricultural and construction branded equipment in over 120 countries throughout Africa, the Middle East, the Commonwealth of Independent States, Asia and Oceania, encompassing Australia, China and India. CNH International was established in 2007 to strengthen CNH's brands focus in emerging and high-growth markets.
Asia Pacific Machinery Co. Ltd., is an importer and distributor of New Holland tractors and Case IH Austoft® sugar cane harvesters in Thailand, Laos, and Cambodia. APAM sell machinery and spare parts with warranty and after sales service. Its experienced dealers and after sales service officers are able to advise customers on their machinery and spare parts purchases, and on the most efficient operation. APAM has the experience in agricultural and harvesting practices, efficiency and productivity, to be a true partner for agricultural businesses.
CFG Services Co. Ltd., a subsidiary of the Bank of Ayudhya, provides cash loans via hire purchase and secured loan contracts to those customers who already hold titles to cars and other vehicles including farm tractors. CFG operates more than 200 branches nationwide.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2161868
For info and photos,
CNH International press office:
e-mail: Email Contact
phone: +39 011 0086346
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 23, 2017 12:45 AM EST Reads: 1,214
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Feb. 23, 2017 12:00 AM EST Reads: 1,585
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Feb. 22, 2017 10:45 PM EST Reads: 564
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 22, 2017 09:45 PM EST Reads: 6,663
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 22, 2017 08:45 PM EST Reads: 1,358
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Feb. 22, 2017 08:45 PM EST Reads: 1,289
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
Feb. 22, 2017 08:45 PM EST Reads: 1,826
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 22, 2017 07:45 PM EST Reads: 7,790
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 22, 2017 07:30 PM EST Reads: 1,182
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Feb. 22, 2017 06:30 PM EST Reads: 7,493
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Feb. 22, 2017 06:15 PM EST Reads: 1,540
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 22, 2017 05:45 PM EST Reads: 1,384
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 22, 2017 04:45 PM EST Reads: 960
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 22, 2017 04:30 PM EST Reads: 1,088
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
Feb. 22, 2017 04:00 PM EST Reads: 1,511