26.11.2014

Terex Cranes takes all of Topower

Terex has acquired 98 percent of the shares in its Topower crawler crane joint venture in China.

The company says that it has major expansion plans and is looking to add larger models with capacities up to 600 tonnes.

Terex formed the venture with privately held Shandong Topower Heavy Equipment Company in 2011 but says that managing the operation as a Joint Venture was not easy and not the best for the business. Since the venture was formed the company has been working on upgrading the Jinan factory.
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A Terex Topower Crawler crane - the Powerlift 5000