CNH Industrial, a global leader in agricultural machinery, has announced a collaboration agreement with ONE SMART SPRAY, a joint venture between Bosch and BASF, to integrate advanced spraying technology into CNH Industrial’s agricultural brand product portfolios. The Raven team will lead this integration, and will be made available through the renowned Case IH and New Holland Agriculture brands worldwide.
Integrating ONE SMART SPRAY’s cutting-edge spraying system marks a significant milestone for CNH Industrial, as it further aims to enhance its precision and automated spraying capabilities. The system employs multiple cameras installed on a sprayer’s boom, enabling green-on-green (plant on the plant) and green-on-brown (plant on soil) weed detection and selective spraying.
By combining precision agriculture techniques with digital tools and agronomic insights accessible through mobile devices, CNH Industrial’s customers can access in-depth weed maps, real-time tracking of inputs and cost savings, and automated reports and data. These features will enable farmers to achieve cleaner fields while maximizing herbicide savings, operational efficiency, and sustainability.
One of the key advantages of the ONE SMART SPRAY integration is its flexibility, allowing farmers to customize spraying operations according to their specific needs, even in low-light conditions. In addition, by expanding their operating windows, farmers can optimize their productivity and maximize their available resources.
This collaboration with ONE SMART SPRAY represents the latest addition to CNH Industrial’s AgTech product offering, underscoring the company’s commitment to supporting farmers worldwide in achieving greater efficiency and sustainability. As agriculture continues to evolve, CNH Industrial remains at the forefront of innovation, providing farmers with the tools they need to meet the challenges of modern agriculture.
With the integration of ONE SMART SPRAY’s advanced spraying system, CNH Industrial reinforces its position as a leader in agricultural technology, enabling farmers to optimize their operations while minimizing their environmental impact. This partnership signifies a significant step forward in pursuing sustainable and efficient farming practices, benefiting farmers and the wider agricultural industry.
CNH Industrial Reports Its Q1 2023 (2023/05/08)
CNH Industrial has released its Q1 2023 financial results, showing impressive growth compared to the same period in 2022. Consolidated revenues reached $5,342 million, marking a 15% increase. The company reported a net income of $486 million and an adjusted net income of $475 million. Diluted earnings per share (EPS) and adjusted diluted EPS were reported at $0.35, demonstrating significant improvement. Despite a net cash usage of $701 million in operating activities and an industrial free cash flow absorption of $673 million, CNH Industrial saw a boost in net sales for Industrial Activities, reaching $4,776 million. This success is attributed to solid demand in North American row crops, continued pricing strength, and a robust order backlog. As a result, the company has updated its net sales guidance for FY 2023, projecting an 8-11% increase compared to 2022.
Ends Third Tranche of $300M Buyback Program (2023/04/27)
CNH Industrial N.V. has completed transactions as part of the Third Tranche of its $300 million common share buyback program. The company’s broker conducted the purchases between April 17 and April 21, 2023, following pre-established instructions and independent of CNH Industrial. These transactions carried out before the closed period and in compliance with regulations, amounted to an investment of approximately €45,354,455.83 ($49,125,093.69) and included the acquisition of 3,393,237 common shares. Completing the Third Tranche highlights CNH Industrial’s commitment to shareholder value and its broader corporate strategy of optimizing capital allocation and delivering returns to shareholders. In addition, the bought-back shares will reduce the share capital. They can be utilized for share-based incentive plans or other purposes determined by the Board of Directors.
CNH Industrial To Invest $23M In Its Coëx Plant (2023/04/07)
In its French production and R&D plant in Coëx (Vendée), CNH Industrial has announced that it would invest 21.4 million euros over the next two years. The investment will be concentrated on developing new products and increasing the site’s production capabilities. For over 70 years, the New Holland company in Coëx has led the way in mechanical grape harvesting technology. It creates and produces self-propelled grape and olive harvesters for export worldwide. The Coëx-produced equipment is certified as Origine France Garantie (French Origin Guaranteed). Coëx position as a worldwide Center of Excellence for specialty harvesting and exporting the finest of “Made in France” to the globe is anticipated to be further enhanced by the investment.
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