Terex Announces New Chinese Crane Joint Venture

Terex Corp. has partnered with China Sinomach Heavy Industry Corp. as its new strategic partner for Sichuan Changjiang Engineering Crane Co., Ltd. SCE Crane is a leading producer of on-highway truck cranes in China, with a product range from 8- to 160-ton lifting capacity.

Sinomach will own more than 50 percent of the business going forward, and as a strategic partner to Terex, Sinomach will help accelerate both domestic and overseas market development through existing relationships, as well as extensive international projects and wide domestic sales channels. In addition to the Sinomach global network, SCE will continue to have access to the overseas sales channels and engineering capabilities of Terex Cranes to improve its global competitiveness.

China Sinomach Heavy Industry Corp. is a wholly owned subsidiary of China National Machinery Industry Corp., one of the world’s 500 top enterprises. Sinomach is a large equipment manufacturing enterprise specializing in restructuring and integrating engineering machinery business resources under China National Machinery Industry Corp. Sinomach has established joint-venture companies with many well-known global enterprises in the machinery industry, such as Hyundai Corp., Komatsu and Martec.

Terex Corp. is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing.

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