Terex Cranes

Terex Cranes reports strong financial performance, with fourth quarter 2018 net sales of $1.2 billion. This performance is an increase of 16% compared with the $1.1 billion achieved for the fourth quarter of 2017. For the full year 2018, Terex reported net sales of $5.1 billion, an increase of 18% over the $4.4 billion achieved for 2017. Meanwhile Terex has also announced it plans to to sell its Demag Mobile Cranes business to the Japanese firm Tadano. In addition, Terex Cranes will exit the mobile crane

Despite global supply chain challenges, sales for Terex Cranes grew 10% to $335 million in the second quarter this year. Terex Corporation also reported an overall strong second quarter 2018 sales of US$1.4 billion, up 19% versus Q2 2017, with increased sales and backlog in all three business segments. The company said that results were driven by its ongoing corporate Execute to Win business strategy and during a period of broad-based growth. The company said that the global cranes market is generally

Russian Terex Cranes distributor, Kwintmadi has placed a substantial order for new units. The order comprises four new Terex Quadstar 1075 rough terrain cranes, nine Terex Quadstar 1075L rough terrain cranes, six Demag AC 100-4 all-terrain cranes, one Demag AC 160-5 all-terrain crane and three Demag AC 250-5 all-terrain cranes. Kwintmadi is one of European Russia’s leading construction equipment distributors and is a leader in the crane business. The firm has been a distributor for the Terex Cranes line s

A key logistics provider in the Middle East, Integrated Logistics Company (ILC), has bought the first two Demag AC 300-6 all-terrain cranes from Terex Cranes. ILC says that it plans to put the cranes to work at several jobsites throughout the Gulf region. The new six-axle Demag AC 300-6 all-terrain crane offers a 300tonne maximum lifting capacity and features an 80m main boom. This new six-axle Demag all terrain crane is said to offer versatility needed for carrying out demanding jobs for lower operational

Turkish crane rental Coskun Vinç is expanding coverage of the market with new additions to its fleet. These new all-terrain cranes are being delivered in 2017 and are a Demag AC 500-8 and an AC 220-5. Coskun Vinç owners Servet and Sedat Coskun selected the two Demag models after consulting with newly appointed Terex Cranes president Steve Filipov and Kerim Basakinci, owner of DAS, Terex Crane’s Turkish distributor. “We were pleased when Terex brought back the Demag brand earlier this year,” said Sedat Co

Terex Cranes is appointing Jörg Müller as senior sales manager Middle East. He will be in charge of leading the Terex Cranes Middle East strategy and day to day activities. Müller joins the company from Aurubis Middle East, a company specialised in fiat rolled products, where he was General Manager and senior sales manager. However he does have extensive experience of the crane sector as prior to that he was Middle East sales manager for Liebherr tower cranes. Carsten von der Geest, VP Sales & Service Crane

Terex Cranes has replaced its CC2800-1 crawler crane with the Superlift 3800 lattice boom, offering improved speed and efficiency for customers. The 3800 can handle loads of up to 650tonnes at a radius of 5-12m and has a maximum load moment of 8,426t/m. Terex says that customers have been involved in the new crane’s development from the start, resulting in improvements in many areas. The crane uses the Terex Crane Fall Protection System, with additional railings installed around the superstructure. It is th

Terex Cranes introduced the Eazy 90 fully-hydraulic self-erecting tower crane at INTERMAT. Equipped with a maximum 45m jib, the crane has a telescopic main tower with up to three additional mast sections. Erection can be carried out by two people in 2-4 hours depending on specification. The crane is equipped with safety lock-outs to ensure that each stage of erection has been completed before progressing to the next. A single operator is required to work the crane, with the Eazy 90 offering a maximum li

Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra

Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra