REDMOND, WASH. (January 15, 2008) Two Terex business segments are coming together to share resources, working out of one facility to take advantage of existing plant space and available manpower. Terex Aerial Work Platforms (AWP) and Terex Construction, two business segments of the Terex Corporation (NYSE:TEX), have recently partnered in Coventry, England to manufacture Genie® scissor lifts. The combined effort offers greater operational efficiency than could be obtained by operating two facilities and provides Terex AWP a facility closer to its customers in the robust European market for aerial work platforms.
We are seeing a significant increase in demand for our products in the European market. The partnership between Terex AWP and Terex Construction allows us to utilize the strengths of both business units while acting strategically and cost effectively. Additionally, we will have the added benefit of offering greater customer responsiveness and improved lead times, said Matt Fearon, Vice President and Managing Director for Europe, Middle East, Africa and Russia for the Terex AWP Business.
With this joint project in Coventry, we are demonstrating a tremendous opportunity to work as ˜One Terex™ and take advantage of the open plant space and capable operations, said Bob Isaman, President of Terex Construction. This is a great opportunity to share best practices, and a prime example of how two different divisions can unite forces.
The Coventry location will initially manufacture two Genie® mini electric scissors: the GS-1532 and the GS-1932, which are also known as slab scissors. The two models offer excellent maneuverability,
