LS Mtron Secures $387 Million Contract with CNH Industrial

According to a Dec. 5 article from The Korea Economic Daily, LS Mtron has secured a contract to supply CNH Industrial with 28,500 tractors over the next 3 years, which is reportedly worth $387.4 million. The report said the tractors will mostly be for the North American and European markets.

LS Mtron has supplied CNH Industrial with under 60 horsepower tractors since 2009.

LS Mtron CEO Shin Chai-ho said, "Based on securing stable orders, we will stress raising mid- to long-term growth momentum and plan to further expand sales in global markets such as North America, Europe and South America."