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Terex Cranes Global Marketing

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terex WARNS ABOUT counterfeit cranes

ZWEIBRÜCKEN, GERMANY, March 5, 2015 – Terex Cranes has confirmed that counterfeit versions of Terex® crawler crane models originating from South Korea have been offered. Similar to the incident reports of 2013 from China, the Terex CC 2500-1 lattice boom crawler crane is the crane model of choice for the copycat manufacturers.

The units are assembled, branded and sold as used Terex cranes at prices well under market value and are either painted white using the Terex brand or red using the Demag® brand.

"This is a serious situation, not only because this infringes on our intellectual property but, more importantly, it poses a serious safety risk for our customers. The use of these inferior, counterfeit cranes can result in deadly consequences" says Klaus Meissner, Director of Product Strategy for Terex Cranes.

While made to look like Terex units, these pirated cranes are often assembled with a blend of older and newer technology and components not designed to work together. These counterfeit cranes frequently exhibit poor weld quality, inferior steel structures and improperly fitted tracks. Additionally, many of the safety components designed into genuine Terex cranes are missing.

"Unfortunately going by serial number alone will not determine with certainty you are buying a genuine Terex crane, as these plates can be fake as well,” adds Meissner. "Many of the counterfeit cranes were purchased either without an on-site inspection or through an inspection conducted by an unqualified person.”

Terex stresses the importance of conducting a thorough inspection of any used crane by a qualified individual prior to purchasing the machine, especially in the markets of concern. The safety of the company’s workers as well as individuals who happen to be in the area where the crane is operating depends on it.

Meissner also offers one additional bit of advice to those entering the used crane market in Asian countries. "If the deal seems too good to be true, it probably is,” he says. “Contact me under Klaus.Meissner@terex.com, and I will be happy to assist you in verifying that it is a genuine Terex crane."

About Terex

Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment serving customers in various industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website (www.terex.com) and Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.