MAGNA hold first Open House event
Successful debut event highlights strategic quarry investment by Kentucky-based Park City Stone
MAGNA, the Terex brand established to meet the needs of large-scale operations, recently held its first Open House in Nashville, Tennessee, from 29–30 April 2025. With more than 100 guests in attendance, the event showcased a working demonstration of a full fleet of MAGNA equipment by Park City Stone, customer of Powerscreen Crushing and Screening, based in Louisville, Kentucky. Acquisition of the line-up was supported by Terex Financial Services, with the event showcasing the strategic alignment between customer needs, distributor support, and tailored financing.
Park City Stone, based in Cave City, Kentucky, and operational since 2012, have steadily grown their equipment fleet – initially through rentals, then through ownership of used equipment and routine fleet upgrades. By 2020, the quarry had grown enough to invest in four new Powerscreen machines – a Premiertrak 600 jaw crusher, 1300X Maxtrak cone crusher, Chieftain 2200 triple-deck inclined screener, and Warrior 2400 scalping screen.
In response to rising demand and the need for greater production efficiency, 2023 marked the beginning of discussions with Powerscreen Crushing and Screening to further scale operations. This culminated in the 2024 purchase of four pieces of equipment from MAGNA, the newly launched brand from Terex to cater for large-scale operations in the quarrying, mining, construction, and recycling industries.
Alan Coalter, president of Powerscreen Crushing and Screening, explained: ‘The investment reflects a significant advancement in productivity for our customer and it marks our first sale of MAGNA equipment, which we believe opens the door to a broader customer base – serving those seeking higher-output solutions with enhanced operational efficiency.’
The line-up of equipment – an MT130J jaw crusher, MT620H screener, MT400C cone crusher, MT620HR screener, and MC150 tracked conveyor – was officially unveiled at the brand’s first Open House event, attended by key customers, distributors, and brand representatives. Attendees were given a comprehensive overview of the equipment range, met with technical and support teams, and experienced live demonstrations and walk-arounds of each unit.
Terex Financial Services were actively involved in the event, highlighting how strategic financial solutions can streamline complex acquisitions, such as the one shown at Park City Stone, and reduce barriers to investment of new equipment.
With access to a trusted panel of funders, deep industry expertise, and a unique understanding of the needs of dealers and customers, Terex Financial Services structured a bespoke funding package to suit both the scale of the equipment and a phased implementation plan for the customer – key factors in managing an investment of this magnitude.
‘This was a major investment by Park Stone Quarry – not just in equipment, but in long-term productivity,’ said Declan North, global director of Financial Services, Terex MP. ‘Our priority was to deliver a financing solution that aligned with the customer’s cash flow, operational schedule, and long-term business objectives.
‘Thanks to our strong relationships with a trusted panel of funders – and our deep understanding of the equipment – we were able to clearly articulate the value of the investment and secure a tailored package that worked for all parties.
‘Structuring the financing to match equipment availability also meant the customer only began payments once the assets were delivered, supporting a smooth transition and enabling them to scale production efficiently and sustainably.’
The event also included a visit to the new Terex parts facility in Louisville, Kentucky, a purpose-built, 150,000ft2 facility to provide parts and support to distributors and customers across North America.
‘The opening of the new parts facility in Louisville is a major advantage for our customers,’ continued Alan Coalter. ‘Having critical parts readily available within the US significantly enhances our ability to support large-scale machinery and ensure minimal downtime. It’s a key factor in delivering the reliable, consistent operational support our customers demand across the region.’
Commenting on the success of the MAGNA introduction event, Neil McIlwaine, business line director for MAGNA, said: ‘This event is a clear example of what can be achieved when innovative equipment, tailored financial solutions, and robust after-sales support come together. The introduction of MAGNA, backed by strategic financing and enhanced parts availability through the new Louisville facility, created the perfect foundation for Park City Stone to scale up operations confidently. The result is not only an impressive showcase of capability, but a sustainable solution for high-volume production.’
