“This contract is a strong sign of India’s market recovery, and we are delighted to be supporting the success of L&T’s business.” says Thomas Ostermann, Vice President & Managing Director, Terex Cranes and Port Equipment. “Offering the latest in design technology and energy-saving features, I’m confident that these machines will meet our customer’s full satisfaction”.
L&T, a USD 8.5 billion company with global operations, is one of the largest and most respected companies in India’s private sector. It is developing a container terminal at Kattupalli Port, near Chennai, India, to become operational by December 2011 with the initial capacity to handle up to 1.20 million twenty-foot equivalent container units (TEUs) a year.