24.03.2005

Terex confirms AmQuip Order

As reported by Vertikal.Net during Conexpo last Week AmQuip has placed a $30 million order with Terex-Peiner to boost its growing tower crane rental business, in all AmQuip spent $60 million on tower cranes last week. See reports Amquip buy Potain and See: Amquip send a further 30 million

Philadelphia based AmQuip is one of the largest crane rental company's in the US, decided recently to invest heavily in its tower crane business, a relatively new venture for the company. The AmQuip tower crane fleet will be based on Potain and Peiner products and looks set to rapidly take market leadership in this fast growing market.
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Joe Wesley founder and CEO of Amquip

The contract with Terex covers a total value of $30 Million over the next two years and includes the SK 315 and SK 415 as well as the strongest Peiner crane, the SK 575 with a maximum capacity of 32,000 kg and a maximum free standing hook height of 76 metres.

'We are extremely pleased AmQuip has chosen Terex Towers to continue their Tower expansion in North America. This is a substantial order for us. We are committed to support our products in North America and Worldwide. With continuing product development Terex Peiner is well positioned to further improve its leading position in the market place. To satisfy booming demand and guarantee timely delivery for Terex Peiner we have increased capacity at our Zweibrucken, Germany and Wilmington, USA Operations.' Said Steve Filipov, President and CEO of Terex Cranes.