Terex Corp. says it has entered into an agreement with Daewoo Heavy Industries and Machinery to distribute crawler excavators and wheel loaders under the Terex brand in North America.
The agreement includes crawler excavators from 13- to 47-ton operating weights and wheel loaders with bucket capacities from 2.0 to 5.3 cubic yards.
Terex Chairman and Chief Executive Officer Ronald M. DeFeo said, "This agreement fills a gap in our product line with cost-effective and reliable products, and now our full product offering is one of the most complete in the industry. Our dealers can now focus on a full Terex product line and deliver on our mission of providing the highest investment returns for users of construction equipment."
Jae-Shin Yang, president and CEO of Daewoo, commented, "We are pleased to have Terex as a partner in this important market in addition to our existing distribution network.
Terex expects to begin offering these Terex branded crawler excavators and wheel loaders during the fourth quarter of 2003.
Terex Corp. is based in Westport, Conn., and is involved in a range of construction, infrastructure, recycling and mining-related capital equipment.
The agreement includes crawler excavators from 13- to 47-ton operating weights and wheel loaders with bucket capacities from 2.0 to 5.3 cubic yards.
Terex Chairman and Chief Executive Officer Ronald M. DeFeo said, "This agreement fills a gap in our product line with cost-effective and reliable products, and now our full product offering is one of the most complete in the industry. Our dealers can now focus on a full Terex product line and deliver on our mission of providing the highest investment returns for users of construction equipment."
Jae-Shin Yang, president and CEO of Daewoo, commented, "We are pleased to have Terex as a partner in this important market in addition to our existing distribution network.
Terex expects to begin offering these Terex branded crawler excavators and wheel loaders during the fourth quarter of 2003.
Terex Corp. is based in Westport, Conn., and is involved in a range of construction, infrastructure, recycling and mining-related capital equipment.
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