Terex Gets $150 Million Chinese Mine Truck Order
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.,
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.