Contact Information:

Terex Cranes Global Marketing

Press & Public Relations

E-mail: info.cranes@terex.com

TEREX CRANES CELEBRATES A SUCCESSFUL START TO PRODUCTION IN CHINA

Jinan, China, March 16th, 2011 – Ron DeFeo, Chairman and Chief Executive Officer, Terex Corporation (NYSE: TEX), has visited the manufacturing operations of the Company’s latest crane manufacturing joint venture in China for an event to celebrate its new partnership. In late 2010, Terex signed an agreement with the privately held Shandong Topower Heavy Equipment Company for the manufacturing of lattice boom crawler cranes.

“Our partnership with Topower represents a significant step forward for the Terex Cranes product portfolio and for our presence in the Chinese market,” says Mr. DeFeo. ”This event provides the opportunity to mark the promising start of our operations and to reinforce our goal of successfully combining the worldwide experience of Terex Cranes with the expertise established by Topower in the Chinese market.

With production facilities in Luzhou for truck cranes, in Xiamen for port equipment, and in Jinan for crawler cranes, Terex Cranes has both a significant manufacturing presence and a well-established distributor network throughout China, plus sales and service offices in Beijing and Shanghai. Combining the strengths of both parties, Topower sales and after-sales teams have joined the Terex Cranes Chinese support network.

“For Terex, doing business in China means understanding local market and customer requirements,” says Ken Lousberg, President, Terex China. “This starts with strong manufacturing facilities and quality-built machines. It also means a true network of sales and service specialists, devoted to uptime and the efficient, expert solutions that customers need.”

Seeking to transfer its experience acquired in China and in other plants around the world, Terex Cranes has begun transforming the Jinan factory through the application of Terex Business System lean manufacturing principles and processes, to enhance customer focus improve workplace safety, eliminate waste and encourage a problem-solving and learning culture at all levels.

Founded in 2007, Topower has rapidly established a reputation for producing high quality crawler cranes, with lifting capacities from 70 to 360 tonnes. Currently serving the energy industry for the most part, they offer wider potential applications in Chinese and other Asian markets.

“China is a strategic market offering strong potential growth for our company. We are enthusiastic about this venture and the additional potential it brings to participate in the significant infrastructure and commercial development that we expect will be continuing across China for many years to come,” says DeFeo.

To represent the Terex® Powerlift crawler crane series, a Powerlift 8000 will be present at the Jinan celebratory event in Terex Cranes colors.

About the Terex® Powerlift 8000 Lattice Boom Crawler Crane

Well-suited to wind turbine erection, the Powerlift 8000 Lattice Boom Crawler Crane is equipped with 1.2-meter wide crawler pads adaptable to narrow track version for optimized jobsite access. Offering a maximum lifting capacity of 360 tonnes and equipped with a 24 to 84-meter main boom, its three 9.5m, 15.5m and 18.5 fixed jib attachments can be mounted between 36 and 78 meters on the main boom, off-settable at 20 degrees, to reach a maximum boom length of 96.5 meters (78 m main boom plus 18.5 m fixed jib). Using its 78-meter main boom and 9.5-meter fixed jib attachment, this machine can lift up to 100 tonnes at 11-meter radius.

Designed to perform heavy tasks reliably and safely, its spacious operator cab, including air conditioning, heating, adjustable seat and stereo, provides operators the environment they need to stay focused on the job even in extreme conditions.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information on Terex can be found at www.terex.com.

Image Caption

Ron de Feo, Chairman and Chief Executive Officer, Terex Corporation and Zhang Yongjiang, Chairman of Topower Board attend the opening ceremony.

# # #