|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
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 9, 2015 07:00 AM EDT Reads: 5,874
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
Oct. 9, 2015 07:00 AM EDT Reads: 137
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Oct. 9, 2015 06:45 AM EDT Reads: 122
Docker is hot. However, as Docker container use spreads into more mature production pipelines, there can be issues about control of Docker images to ensure they are production-ready. Is a promotion-based model appropriate to control and track the flow of Docker images from development to production? In his session at DevOps Summit, Fred Simon, Co-founder and Chief Architect of JFrog, will demonstrate how to implement a promotion model for Docker images using a binary repository, and then show h...
Oct. 9, 2015 06:45 AM EDT
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
Oct. 9, 2015 06:15 AM EDT Reads: 110
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Oct. 9, 2015 06:00 AM EDT Reads: 1,405
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 9, 2015 06:00 AM EDT Reads: 283
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 9, 2015 05:45 AM EDT
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 9, 2015 05:30 AM EDT Reads: 247
The IoT is upon us, but today’s databases, built on 30-year-old math, require multiple platforms to create a single solution. Data demands of the IoT require Big Data systems that can handle ingest, transactions and analytics concurrently adapting to varied situations as they occur, with speed at scale. In his session at @ThingsExpo, Chad Jones, chief strategy officer at Deep Information Sciences, will look differently at IoT data so enterprises can fully leverage their IoT potential. He’ll sha...
Oct. 9, 2015 05:15 AM EDT Reads: 509
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Oct. 9, 2015 05:15 AM EDT
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
Oct. 9, 2015 05:00 AM EDT Reads: 492
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Oct. 9, 2015 05:00 AM EDT Reads: 1,009
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 9, 2015 04:45 AM EDT Reads: 105
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
Oct. 9, 2015 04:00 AM EDT Reads: 225