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Terex and Russian Machines in joint venture

RM-Terex to manufacture, market and sell construction and road-building products in Russia

RUSSIAN Machines Corporation and Terex Corporation have formed a joint-venture company for the manufacture of construction and road-building equipment in Russia.

Under the agreement, the joint venture will manufacture, market and sell certain Terex products and all Russian Machines’ construction and road-building products in Russia, as well as distribute certain products manufactured by Terex and exported into Russia.

 

Operating under the RM-Terex brand, the joint venture will be headed by Alexander Filatov, general manager of Russian Machines, and Joe Krider, vice-president of Terex.

Commenting on the joint venture, Ronald M. DeFeo, chairman and chief-executive officer of Terex Corporation, said: ‘The Russian and CIS remain long-term attractive markets and the demand for fundamental infrastructure upgrade across the region is clear.

‘This joint venture allows us to be closer to the customer and provide localized products to an increasingly important customer base.’

Steve Filipov, president of Terex Developing Markets, added that the new venture would bring the distribution partners together from both companies to deliver improvements in product line, quality, support and service available for customers in the Russian market.

Russian Machines are a major diversified corporation with more than 75,000 employees and 26 industrial and engineering enterprises located in 14 regions of Russia.

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