Terex Gets $150 Million Chinese Mine Truck Order

Posted on April 6, 2006

Terex Corp. said it will sign a letter of intent with Shenhua Group Corp. Ltd., a wholly state-owned Chinese company, for the manufacture and delivery of Terex/Unit Rig rigid off-highway haul trucks. The trucks will be delivered and on-going service and support provided by Terex NHL Mining Equipment Co. Ltd., a new joint venture company established between Terex and Inner Mongolia North Hauler Joint Stock Co., Ltd., Baotou, Inner Mongolia. The joint venture company will also participate in certain aspects of the fabrication and component manufacturing for these trucks, which will be supplied to a new Haerwusu open pit coal mine operated by Shenhua Zhungeer Energy Company Limited located near Hohhot, Inner Mongolia.

This award, valued at approximately $150 million, includes 18 model MT4400AC 240-ton class dump trucks and 37 MT5500B 360-ton class dump trucks. The trucks are scheduled to be delivered to the customer's mine site between January 2007 and September 2007.