Like most people, Kobelco Construction employees are deeply moved by the unparalleled destruction and human suffering caused by Hurricane Katrina. In response to this disaster our parent company, CNH, will donate more than $1 million worth of construction equipment and will match employee cash contributions towards the relief effort.
The following news release outlines our plans.
CNH Global Announces More than $1 Million in Equipment, Cash Donations for Hurricane Relief
Lake Forest, IL, Sept. 9, 2005 – CNH Global N.V. (NYSE: CNH), one of the world’s largest manufacturers of agriculture and construction equipment, today announced it will donate more than $1 million of construction equipment to support ongoing relief and restoration efforts related to Hurricane Katrina, which devastated several Gulf Coast states.
“Our deepest condolences go out to all of those who have been affected directly or indirectly by this immense natural disaster,” said Harold Boyanovsky, president and CEO of CNH. “We are pleased to be in a position to provide equipment needed to begin the process of rebuilding these communities.”
CNH continues to work closely with their dealers in the region, with the Business Roundtable through their Partnership for Disaster Relief, and with the National Association of Manufacturers to channel assistance to federal and state relief efforts supporting victims of the devastation.
In addition to providing equipment, CNH also announced it will match individual employee donations to the American Red Cross Disaster Relief Fund on a dollar-for-dollar basis. CNH will continue to monitor the recovery progress and develop further actions to allow employee volunteers to assist affected family members and dealers to cope with their rebuilding needs.