Case Credit announces plans to form a joint venture leasing company in Uzbekistan. The new line of tractors is designed for mountainous agricultural regions, complementing Case's existing European product offering. In August, Case conducts its largest-ever agricultural product launch in Denver, Colorado. To further develop business in Central Asia, Case forms a joint venture in Uzbekistan to manufacture two-row cotton pickers. The venture increases the availability of Case's advanced cotton pickers to Uzbekistan, a major producer and exporter of cotton.
Case holds a majority share in the UzCaseMash venture, based in the capital city of Tashkent.
Case introduces a new mid-horsepower range of tractors, the MX Series. Case moves production of the MX from Neuss, Germany, to plants in Racine, Wisconsin, and Doncaster, England. Closure of the Neuss plant is a major step in Case's long-term restructuring program. Case acquires Agri-Logic, a leading developer of software for agricultural applications. Agri-Logic is a leading supplier of yield mapping software with a strong reputation for product support.