CNH Global said it has signed a memorandum of understanding (MOU) with the state of Minas Gerais, Brazil, to lay the groundwork for a R$600 million investment in a new construction equipment plant in Montes Claros. CNH said the plant will add to the company's presence in Minas Gerais, including a facility in Contagem. Originally built in 1970, the site was the first Fiat factory to be based in Brazil, and currently produces equipment for CNH's construction brands, Case and New Holland Construction.

The new plant is scheduled to begin operations in 2014. The total area of the complex in Montes Claros is expected to reach 2 million square meters, with 700 thousand square meters dedicated to the plant itself.

Source:cmbol.com