Terex (Changzhou) Machinery Co., Ltd. was officially opened in Changzhou Hi-tech Zone on March 9. The sales revenue is expected to reach USD 150 million this year. Terex Group is the largest engineering machinery and equipment manufacturer in the world, which has more than 770 varieties of products and sets up the manufacturing bases in 15 countries. Its aerial work platform and construction machinery are taking the leading position in the world. Terex (Changzhou) Machinery Co., Ltd. is the first solely-invested enterprise established in China by Terex Group. As Terex’s first base integrating design, manufacture, production, after-sales service in Asia-Pacific region, Terex (Changzhou) Machinery Co., Ltd. covers a total area of 400 mu and involves a total investment of USD 26.99 million, and mainly manufactures aerial work platform equipment. The president of Terex aerial work platform Tim Ford said that they carefully selected the sites for the first solely-invested enterprise in China and investigated 55 development parks in different areas. There were three key points in sites selection: First, strong products supporting capacity to ensure the local supply of raw materials and accessories; second, rich engineering talents to ensure the manufacturing capacity and build the design base; third, government's strong support to promote the healthy development of enterprises. Tim Ford said, "After a rigorous selection and detailed investigation, Changzhou is our best choice. Facts have proved that our choice is correct, Changzhou High-tech Zone fully complies with our requirements in all respects." |