Russia targeted in Terex sales agreement

09 August 2010

Terex Cranes has entered into an agreement to sell all terrain and rough terrain cranes in Russia.

The deal will give JVM Equipment International Ltd., based in Ireland, exclusive distribution of Terex cranes in the European zone of Russia through its Russian subsidiary JSC Kwintmadi.

According to Terex, JSC Kwintmadi previously represented Grove/MCG Russia and has a seventeen-branch sales and service network across the European Russia area, with headquarters in Moscow. The European zone of Russia comprises districts one, two, three and four of the Russian Federation.

"Russia is a strategic market for Terex Cranes and this new partnership with JVM Equipment and JSC Kwintmadi is an excellent opportunity for us to focus on Russian market prospects," said Thomas Hartmann, Terex Zweibrücken sales director. "With JSC Kwintmadi's customer intimacy and strong network, Terex will be able to secure much closer customer relationships and enhance its service offering rapidly".

Latest News
What construction law changes will there be across the EU and UK in 2024?
Construction ERP software experts have outlined the legal developments that may be in store for 2024 to help the industry prepare for what lies ahead
South Korea to pump $19 billion into chip sector amid global building frenzy
South Korea has announced that it will pump 26 trillion won (US$19 billion) into its chip manufacturing businesses, as semiconductor firms race to build facilities in ‘all-out warfare’
Tutor Perini bags $228.6 million airport terminal connectors contract
Tutor Perini’s subsidiary Tutor Perini Building Corp. has won a $228.6 million deal to build connectors between terminals at Fort Lauderdale-Hollywood International Airport, Florida