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Terex Announces Takeuchi® Skid Steer Loader Supply Agreement

Stocks in this article: TEX

Terex Construction, a business segment of Terex Corporation (NYSE:TEX), announced today the completion of a new Supply Agreement with Takeuchi Manufacturing (U.S.), Ltd. for the supply of eight new models of Takeuchi Branded Skid Steer Loaders.

This agreement will provide Takeuchi with a comprehensive range of high specification, high performance, vertical and radial lift Skid Steers Loaders to complement their existing line of Compact Equipment. Takeuchi’s current distribution and support channels will handle sales, rental and parts supply and customer support needs for the new skid steer loaders.

Clay Eubanks, President of Takeuchi US said: “After an extensive review process, we selected Terex to supply us with these new skid steer loaders ranging in operating weight from 6,500 lbs. to 8,600 lbs., and rated operating capacity ranges from 1,500 lbs. to 3,000 lbs. We will support our customer’s parts and service needs in the same way as we do our other products today. The addition of the skid steer loader line adds to our full range of compact equipment, which includes compact track loaders, excavators and wheel loaders.”

“This is a great opportunity to leverage our manufacturing operations in Grand Rapids, Minnesota, and drive additional operational efficiencies through our whole production and supply chain,” said Dean Barley, vice president and general manager, Terex Construction Americas and Global Aftermarket. “We are proud to be recognized for our quality and support, and pleased to assist in meeting the equipment needs of others in our industry,” added Barley.

About Terex

Terex Corporation is a diversified global manufacturer of a broad range of equipment that is focused on delivering reliable, customer-driven solutions for many applications, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility and manufacturing industries. Terex reports in five business segments: Aerial Work Platforms; Construction; Cranes; Material Handling & Port Solutions; and Materials Processing. Terex offers financial products and services to assist in the acquisition of equipment through Terex Financial Services. More information can be found at www.terex.com.



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