Reuters are reporting that truck manufacturer CNH Industrial has signed a 10-year partnership with South Korea's shipbuilder Hyundai Heavy Industries to develop mini-excavators, completing the expansion of its excavator product portfolio.
Under the agreement - which applies globally with the exception of South Korea and could be renewed for a further three years - Hyundai Heavy Industries will grant manufacturing licensing and component and spare parts supply to CNH.
"Once fully realised, the mini-excavator product offering will include 14 models ranging from one ton to six tons," CNH announced.
Edited from source by Joseph Green. Source: Reuters
