Terex (China) Investment Co., Ltd.
Address: Tianyuan Port Center, Building A, No. 2, East Third Ring Road North, Chaoyang District, Beijing
Company website: https://www.terex.com/en
Company Overview
Terex is a global manufacturer of material handling machinery and aerial work platforms. Terex designs, builds and supports products for construction, maintenance, manufacturing, energy, recycling, mining and material management applications. Some of Terex's products and solutions include electric and hybrid products that are noise-free and zero-emission, products that promote the use of renewable energy and products that help recover waste resources, thereby helping customers reduce their impact on the environment. Products are manufactured in North America, Europe, Australia and Asia and sold around the world, and Terex is connected to customers at all stages of the product life cycle, from specifications and financing to parts and service support. Terex Corporation is a diversified global manufacturer of lifting and material handling equipment, including two business units: aerial work platforms and material handling. The company provides reliable, customer-driven solutions for a variety of commercial applications, including construction, infrastructure, quarrying, mining, freight, transportation, refining, energy and utilities industries. Since its founding in 1986, Terex has undergone significant changes and achieved net sales of $7.1 billion in 2013. As Terex expands its operations, its business scope is becoming increasingly global. Terex products are manufactured in North and South America, Europe, Australia and Asia and sold all over the world. Terex is expanding its business globally and paying more attention to developing markets such as China, India, Brazil, Russia and the Middle East. Since the establishment of a joint venture in China in 1988, Terex has been focusing on business expansion in China, and has established a number of wholly-owned and joint venture companies in Baotou, Changzhou, Shanghai, Quanzhou and Zhangzhou. Currently, Terex has 6 manufacturing plants in China (including Changqi, in which it holds a minority stake). The company is headquartered in Beijing, has a regional office in Shanghai, and more than 20 sales/service offices, with about 1,600 employees. Terex is a global trusted "safe production" equipment supplier. In terms of product standards and construction safety standards, Terex cooperates with the State Administration of Work Safety, the Ministry of Housing and Urban-Rural Development and relevant industry standard-setting agencies to participate in the formulation of relevant standards. Terex actively provides high-tech, low-cost, green and environmentally friendly solutions for the construction of pillar industries such as industry, transportation and urban construction in China. The fourth 3,200-ton crawler crane sold in China was successfully signed with Shaanxi Chemical Construction, becoming another milestone for Terex and the entire world crane industry. Terex also emphasizes product localization and localization of R&D. The Changzhou factory now produces all Genie products domestically, and the export of Yangtze River cranes has increased significantly year-on-year. The Quanzhou factory provides hybrid mobile material handling equipment that is popular among domestic users, and the Zhangzhou factory provides a variety of mobile port machinery and other port equipment.