Good event on Tuesday at the Racine, Wisc., plant of Case New Holland. From the company’s news release, “CNH Hosts Racine Visit of US Export-Import Bank Chairman“:
Case New Holland (CNH) today hosted the Chairman of The U.S. Export-Import Bank (Ex-Im Bank), Fred Hochberg, at its Racine, WI tractor plant, where 40% of its manufactured tractors were exported in 2009.
Ex-Im Bank is the official export credit agency of the United States and its mission is to assist in financing the export of U.S. goods and services to international markets. For more than 70 years it has supported over $400 billion of U.S. exports, primarily to developing markets worldwide. In 2009, the Bank experienced its best year ever as it provided over $21 billion in support for U.S. businesses and this year it is already well ahead of that number having tripled its volume of activity in the first quarter.
CNH CEO Harold Boyanovsky highlighted the business significance of the event, “CNH already exports over 25% of the machines it produces in the U.S. and with the help of Ex-Im Bank we aim to increase our international business and, with that, create new U.S. jobs — both at CNH and at our supplier-partners around the country.”
- Racine Journal-Times, “Export-Import Bank chairman pushes U.S. sales abroad“
- Milwaukee Journal-Sentinel, “Export banker visits Racine plant”
WisBusiness.com also reported on an export seminar at the UW-Madison School of Business where Hochberg and U.S. Rep. Tammy Baldwin (D-WI) spoke.
By the way, the Export Import Bank’s annual conference is March 10-12 in Washington. It’s always a good event.
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