CNHi and LS expand cooperation

CNH Industrial expands its longstanding partnership with LS Tractor, the agricultural tractor division of OEM LS Mtron in South Korea. The Memorandum of Understanding and the technical cooperation agreement signed, aim at expanding the current cooperation with LS Tractor and delivering an extended product offering in the compact tractor segment.

This expanded agreement sets forth the financial and industrial terms and conditions to localize the production of select compact tractor models at the CNH manufacturing site in Greater Noida, India and the LS Tractor manufacturing site in South Korea. This will leverage CNH’s manufacturing capabilities and LS Tractor’s components and engineering to offer new products.

CNH expects that this extended product offering in compact tractors built at the Greater Noida plant, will enable them to cater to a broader addressable market while leveraging the strength and competitive offering of the Indian supplier base.

LS Tractor is the existing commercial distributor for CNH’s New Holland Agriculture brand in South Korea and has a long history of collaboration with their legacy brands stretching back over four decades.