CNH Industrial is a British corporation headquartered in Basildon (UK), one of the leaders in the production of industrial goods. The company's shares are traded on the New York Stock Exchange and the Italian Stock Exchange. For 2021, 26.89% of the company's shares are owned by the investment company Exor.
CNH Industrial's scope includes integrated design, manufacturing and sales of agricultural and construction machinery, trucks, commercial vehicles, buses, and power units for the automotive, marine, and power industries.
2023: Sale of business in Russia for $60 million amid conflict in Ukraine
CNH Industrial, one of the world's largest producers of agricultural machinery, in April 2023 announced the sale of its business in Russia for about $60 million amid the conflict in Ukraine.
The new owner of the Russian representative office of one of the world's largest manufacturers of agricultural machinery CNH Industrial - CNN Industrial Russia LLC - was the company of its general director Mikhail Murakhovsky. This was announced on April 28, 2023 by Interfax with reference to the Unified State Register of Legal Entities (USRUL).
According to these data, in April 2023, the Russian subsidiary of CNH came under the control of United Industrial Distributor LLC, registered in Moscow in December 2022. The co-owners of this company are Mikhail Murakhovsky - 99% and Aslan Umarov - 1%.
Murakhovsky began working in the Russian representative office of CNH Industrial in 2016. At the end of 2020, he was appointed business director for agricultural machinery at CNH Industrial in Russia and Belarus.
Among CNH's assets in Russia are production sites for the production of agricultural equipment and inventory, construction equipment, and a spare parts warehouse. The office of the company, which was engaged in imports and sales until March 2022, was located in the Moscow region. CNH's local businesses employed about 200 people in 2022. The manufacturer noted that he paid salaries to employees, carried out the necessary administrative costs.
The most famous brands of agricultural machinery in the CNH Industrial portfolio are Case IH and New Holland. The group's perimeter also includes the Iveco brand of trucks and buses.
The leasing and factoring subsidiaries of CNH Industrial in Russia (CNN Industrial Financial Services Russia LLC and CNN Industrial Capital Russia LLC) were acquired in February 2023 by the structure of businessman Igor Kim (Expocap LLC). Kim, who has assets in the financial and construction sectors, also owns a network of car dealerships with partners.[1]
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