Monday, October 18, 2021
Home Italy Chip crisis, CNH blocks plants due to lack of semiconductor supplies

Chip crisis, CNH blocks plants due to lack of semiconductor supplies

TURIN. The raw materials crisis is getting bigger and bigger and hits the productive heart of Italy. Late yesterday Cnh Industrial announced that it will temporarily close “several of its production sites for agricultural machinery, commercial vehicles and propulsion systems in Europe, as a result of disruptions to the supply chain and a shortage of key components, especially semiconductors. “.

In a note, the group, listed on the New York Stock Exchange and Piazza Affari, explained that it “constantly reviews its production plans to respond to this highly volatile context and plans to close the affected plants for no more than eight working days in the month. of October. The company – so the press release – remains constantly committed to optimizing production operations in order to respond to the continuing strong demand and better serve its dealers and customers ».

Controlled by Exor, Cnh is present in several industrial sectors: with Case IH, New Holland Agriculture and Steyr in the field of tractors and agricultural machinery, with Case and New Holland Construction in earthmoving machinery. Iveco is the division that deals with commercial vehicles, Iveco Bus and Heuliez Bus with buses and coaches, FPT Industrial with engines and transmissions.

Source link

RELATED ARTICLES

Shot of Venice: a network of Aramu knocks out Fiorentina

Fiorentina is shipwrecked in the lagoon, yields to Venice and misses the engagement in fourth place...

Maserati Grecale, the presentation postponed to spring 2022

It was to be unveiled to the world in Milan on November 16. But the...

Intermonte is listed on the AIM of Piazza Affari at 2.8 euros per share

Intermonte Partners Sim has concluded the institutional placement aimed at the listing of its shares on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More Top News

Most Popular

Victoria Covid: State records 1,749 cases and 11 deaths 

Victoria records 1,749 new Covid-19 cases and 11 deaths as state prepares...

Weather outlook: Day of extremes as forecasters tip more storms, flooding, and possible fires

Warnings are live for thunderstorms, flooding and fires as the nation braces for more days of extreme weather.Australian are bracing for a day of...

Conor Gallagher admits Crystal Palace felt ‘gutted’ after conceding injury-time equaliser to Arsenal

'It's horrible... It feels worse than a defeat - if it's possible':...

Zendaya’s All-Time Best Fashion Moments Through the Years: Pics

Zendaya is the true epitome of a red carpet fashion chameleon. The 25-year-old never fails to impress Us with her fearless, jaw-drop-worthy style. Over...

World

China, Taiwan digging in with airfield upgrades, satellite photos show

China and Taiwan have avoided a direct clash for more than 70 years. But satellite photos hint this uneasy peace could soon end.China and...

Norway attacker killed victims with ‘sharp object’, not arrows

Norwegian police said that the five victims of last week’s attack were killed by a “sharp object” used by the suspect, not a bow...

Former US Secretary of State Colin Powell dies from COVID-19 complications

Former US Secretary of State Colin Powell has died at the age of 84 from COVID-19 complications. Mr Powell leaves behind an unparalleled legacy...

Google doesn’t like being shown inconvenient problems, ex-ethical AI co-lead ‘fired’ by the tech giant over her research tells RT

Google clamped down on Timnit Gebru, the former co-lead of ethical AI team, because she not...