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Terex in China

PLANT AT INTERMAT - BRIEFS

Terex has bought a 50 per cent stake in a Chinese crane maker Changjiang Crane, with an option to buy it outright if Chinese regulations permit in future. The firm makes cranes from 8 t to 150 t.

Terex Cranes president Steve Filipov said: 'There is significant opportunity to grow this business both inside and outside of China and we hope to improve our component costs over time using the supply chain.'