Westport manufacturer wins $250M deal in China
Updated 10:32 am, Monday, November 13, 2017
Terex won a letter of intent to sell $250 million in aerial work platforms to companies in China, announcing the deal as part of a U.S. trade mission led by President Donald Trump and Wilbur Ross, U.S. secretary of commerce.
Terex has a manufacturing facility for aerial work platforms in Changzhou, China, with the company employing 600 people in the country entering 2017, of 11,300 globally including 4,900 in the United States at that point. Terex bases its Genie aerial work platform operations in Washington state where it has factories in Redmond and Moses Lake, as well as a platform plant in Rock Hill, S.C.
Terex reached an agreement for China-based Xuzhou Handler to buy 5,000 aerial platforms over five years for use in utilities work.
Alex.Soule@scni.com; 203-842-2545; @casoulman