Westport’s Terex Corporation announced today two business deals that will give it an increased presence in the Chinese marketplace.
Terex, which makes construction and material handling equipment, said that it has entered into an agreement to acquire 65 percent control of the privately held Shandong Topower Heavy Machinery Company located in Jinan, China.
It also announced that it has entered into an agreement with Fujian South Highway Machinery Company to establish a mobile materials processing equipment manufacturing joint venture in Quanzhou, China.
“These actions further escalate the growth opportunity for Terex in China, which has been steadily expanding with the addition of our Terex Port Equipment facility in Xiamen, and our new Aerial Work Platforms factory, nearing completion in Changzhou,” said Ron DeFeo, Terex chairman and chief executive officer.
