“Our strengthened structure of the Crane segment in the region will help us better deliver our customer responsiveness value proposition in all aspects of our customer’s business – improved availability of products, outstanding parts and service support, and better access to improved financing,” said Jacob Thomas, President of Terex Latin America.
“Latin America is a key region for our company’s global growth. We are coming closer and closer to our customers with a strong presence in manufacturing, distribution and product support at the local level. Our global strategy is to accelerate growth in developing markets, including Latin America, leveraging the infrastructure already established by Demag Cranes AG, whose integration into Terex is now being rapidly implemented following the Domination and Profit and Loss Transfer Agreement announced in April,” says Steve Filipov, Terex Corporation’s President for Developing Markets and Strategic Accounts.
Selected to be produced at the Terex plant in Cachoeirinha, in the state of Rio Grande do Sul, Brazil, the RT555 Progress rough-terrain crane will meet the needs of the local market, which is currently booming. Assembled in Brazil with the same quality as the model produced in Waverly, Iowa, USA, the RT555 Progress has a proven efficient design and its versatility and best in class features are ideal for the market’s needs.
The development project to assemble the crane in Brazil was carried out in close partnership between the Terex teams at Cachoeirinha and Waverly. With the training of the staff and installation of the necessary manufacturing infrastructure, the local plant site has become self-sufficient in new crane assembly.