Click here to close now.




















Welcome!

News Feed Item

CNH to Offer Retail Financing in Thailand

CFG Services and New Holland Agriculture Distributor APAM Will Provide Flexible Financing Packages to Increase Tractor Affordability for Thai Farmers

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what...
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...