18.03.2011

Terex Cranes celebrates start of Topower agreement

Terex Corporation chairman Ron DeFeo recently visited its new joint venture manufacturing company Topower in China to mark the new partnership. Terex signed the agreement with the privately held Shandong Topower Heavy Equipment Company for the manufacturing of lattice boom crawler cranes late last year.

“Our partnership with Topower represents a significant step forward for the Terex Cranes product portfolio and for our presence in the Chinese market,” said DeFeo. ”This event provides the opportunity to mark the promising start of our operations and to reinforce our goal of successfully combining the worldwide experience of Terex Cranes with the expertise established by Topower in the Chinese market.”
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Ron de Feo, chairman Terex Corporation and Zhang Yongjiang, chairman of Topower Board attend the opening ceremony.

With production facilities in Luzhou (truck cranes), Xiamen (port equipment) and in Jinan (crawler cranes) Terex Cranes has both a significant manufacturing presence as well as a well-established distributor network throughout China, plus sales and service offices in Beijing and Shanghai.

“For Terex, doing business in China means understanding local market and customer requirements,” says Ken Lousberg, president, Terex China. “This starts with strong manufacturing facilities and quality-built machines. It also means a true network of sales and service specialists, devoted to uptime and the efficient, expert solutions that customers need.”

Terex has already begun transforming the Jinan factory through the application of Terex Business System lean manufacturing principles and processes
Founded in 2007, Topower produces crawler cranes with lifting capacities from 70 to 360 tonnes mainly serving the energy industry in the Chinese and other Asian markets.

“China is a strategic market offering strong potential growth for our company. We are enthusiastic about this venture and the additional potential it brings to participate in the significant infrastructure and commercial development that we expect will be continuing across China for many years to come,” says DeFeo.