Terex buys interest in Chinese truck crane manufacturer

Terex has acquired a 50 percent interest in Sichuan Changjiang Engineering Crane, a producer of on-highway truck cranes based in Luzhou, Sichuan Province, China. The senior management of Changjiang Crane owns the remaining 50 percent interest in the company.

“There is a significant opportunity to grow this business both inside and outside of China, and over time we hope to utilize its supply chain to help improve our component costs globally,” said Steve Filipov, president of Terex Cranes. “We plan to apply engineering and operational resources to help Changjiang Crane accelerate its product and manufacturing development, building upon the significant accomplishments of the existing management team.”