Kirk Zander appointed Director of Sales and Marketing of Manitou North America

Waco, Texas, January 28, 2008 – Serge Bosché, President of Manitou North America, recently announced the appointment of Kirk Zander to Director of Sales and Marketing. Kirk was initially hired as the Midwest Regional Sales Manager which he held for six years, and has held the position of Field Sales Manager for the past three years.

Manitou North America, located in Waco, Texas, is the U.S. subsidiary of Manitou BF, the world's largest producer of rough terrain lift trucks. Manitou offers its customers the most comprehensive product range worldwide for construction, agricultural, and industrial applications.

Terex Crane chooses ALL Erection & Crane Rental Corp. to be a five-state, full-service, full-line dealership

January 23, 2008 – Terex Crane has named ALL Erection & Crane Rental Corp. as a Tier I dealer in Ohio, Michigan, Pennsylvania, West Virginia, and Wisconsin. ALL Erection & Crane Rental will have exclusive territory responsibility in Ohio, Michigan, Pennsylvania, and West Virginia.

The Tier I distinction means that ALL Erection & Crane Rental Corp. will be a dealer for all Terex Crane brands, including Terex, Demag, American, and Peiner.

Terex is actively consolidating its dealer network. ALL was hand picked to join a very limited, knowledgeable distributor network for their ability to outfit customers with precisely the right machine, complete with the ability to provide set-up and training to optimize customer productivity. Terex dealers, like ALL, must also have the ability to provide after-the-sale service with highly responsive parts delivery and field service designed to maximize lifetime return on investment.

“Terex makes outstanding products that reflect its strong brand. Their commitment to control their distribution chain — to reduce some of the layers in getting their equipment to market — reflects the Terex commitment to its customers,” explains Michael Liptak, president of ALL Erection & Crane Rental Corp. “The dealer relationship is important because Terex is protecting their customers’ ownership experience by choosing strong partners like the ALL family of companies.”

Since 1964, the ALL family of companies has grown to become one of the largest crane and equipment rental companies in North America. The company offers its fleet of cranes, aerial work platforms, boom trucks, material handlers, and other lift equipment from strategic locations throughout the U.S. and Canada, providing rental, sales, service, and jobsite analysis to help customers get the right equipment for the job. An important measure of their commitment is meeting or exceeding all pertinent regulatory and safety standards. For more information, contact ALL Erection & Crane Rental Corp., 7809 Old Rockside Rd., Cleveland, OH 44134. Phone: 216-524-6550; fax: 216-642-7611; on the Web: www.allcrane.com.

Infrastructure’s role in economic growth focus of conference

New Rochelle, N.Y., Jan. 23, 2008 -- Terex Corporation today announced that it will sponsor Infrastructure: A Pathway to Prosperity, a day-long conference to be held February 19, 2008 at Iona College, dedicated to examining the critical role of infrastructure in advancing the global and U.S. economies.

The conference will focus on the historical role of infrastructure in creating economic growth and opportunity; the challenges facing America’s aging infrastructure; and how we pay to fix the problem, including new methods for financing public works. Topics such as congestion pricing, interstate transmission grid improvement needs and public- private financing options also will be covered.

Despite bridge collapses, steam pipe explosions, the devastation of Hurricane Katrina, crippling blackouts and the 9/11 attacks, a consensus has yet to emerge on how best to tackle a growing problem that could cripple our economy and threaten the health and safety of all Americans. This conference’s main objective is to help advance public understanding and foster dialogue leading to broad-based and non-partisan support to bring about action on this important issue.

“Around the world, infrastructure building is booming, while many feel that the lack of spending on America’s aging infrastructure is affecting our ability to compete in the global marketplace,” said Ronald M. DeFeo, Chairman and Chief Executive Officer of Westport, Conn.-based Terex. “Sponsoring this conference is a good way to bring together experts from a variety of fields, influential current and former office holders, labor leaders, and the broader public on the challenges and opportunities we face today.”

While not a final list, confirmed participants include:
• John Engler, President of the National Association of Manufacturers and Former Michigan Governor;
• Harold Ford, a Vice Chairman of Merrill Lynch and former Congressman;
• George Pataki, Counsel, Chadbourne & Parke LLP and former New York Governor;
• Dick Gephardt, CEO, Gephardt Group and former U.S. House Majority Leader;
• Susan Eisenhower, President of the Eisenhower Group;
• John Sweeney, President of the AFL-CIO;
• Dr. Stephen Flynn, author of The Edge of Disaster: Rebuilding a Resilient Nation;
• Dan McNichol, author of The Roads That Built America;
• Dr. Peter Ruane, President of the American Road and Transportation Builders Association.

For more information on the conference, call Chuck Dianis at 212-922-0900, or to register to attend, go to www.iona.edu/terex.

MEC announces personnel additions

MEC Aerial Work Platforms has added several new members to its growing team of employees. Two of the newest members are Steve Citron, Director of Business Development and Diane Tjerrild, Director of Marketing.

MEC appoints director of business development
MEC Aerial Work Platforms named Steve Citron as the d irector of Business Development at MEC. Citron has twenty-six years of experience in the aerial work platform industry, including twenty years with Genie Industries, a worldwide leading manufacturer of aerial work platforms, where he held project and product management responsibilities for the development and ongoing maintenance of a multi-line product portfolio that represented nearly a half-billion dollars in recurring annual sales revenues. Prior to joining MEC, Citron was the Director of Business Development at Bil-Jax, Inc, where he was responsible for the development of new products and business initiatives that resulted in significant growth and penetration into the trailer-mounted boom market sector.

"Steve brings a wealth of knowledge, experience, and proven capability to our organization and we are very pleased with the current direction and plan that has been developed. Steve and our other lift industry veterans have leveraged their collective talents and have created significant synergies here at MEC that will definitely take our company to the next level...and the level beyond that," said David White, president of MEC Manufacturing.

"MEC has an excellent reputation," said Citron, "and is well recognized for producing high quality, robust aerial work platforms for the construction industry. We have developed an exceptional plan based on solid business fundamentals that will position MEC as a leading full line, world class manufacturer of aerial work platforms in the near term. We have secured a substantial line of credit to fund our aggressive plans and we anticipate significant growth throughout the future. I am very excited about this incredible opportunity to create a self-propelled boom organization from the ground up and really do it right - it's challenging but also a lot of fun...this is what I love to do."

New Director of Marketing at MEC announced
MEC Aerial Work Platforms is pleased to announce Diane Tjerrild as its new Director of Marketing, effective December 1, 2007. Tjerrild ("Chair-ild") brings more than 26 years of marketing experience to MEC, including six years spent with Marklift (Mark Industries).

"I'm impressed with what MEC is doing in the industry," said Tjerrild. "I'm proud to be part of this growing company. We have a very talented group of executives and employees that I feel are going to drive the new MEC successfully into the future. MEC has great products and I look forward to marketing our craftsmanship and reliability to potential customers around the world."

Tjerrild hopes to reunite with other aerial lift industry veterans from the 1980s and invites them to stop by the MEC booth at ARA and ConExpo to say hello.

MEC, located in Selma, California, manufactures scissor lifts and telehandlers, and has dealers located around the globe. The company will debut its first boom lift prototypes at ARA and ConExpo, with aggressive boom lift family introductions planned over the next three years.

Haulotte sees 26-percent bump in '07 sales

Haulotte Group ended the year with sales of $950.26 million*, up 26 percent from 2006. Sales in the fourth quarter accelerated significantly to $302.56 million from $196.12 million in the third quarter and $252.03 million in the fourth quarter of the prior year.

This growth was driven by strong equipment sales that accounted for 86 percent of consolidated revenue compared with 84 percent in 2006. Europe accounted 89 percent of total sales in the period (90 percent in 2006).

To support this momentum, Haulotte Group launched new manufacturing plants that contributed more than $50.96 million to 2007 sales. The Group also continued to strengthen its commercial network, opening new offices in Mexico, Dubai and Argentina.

Share buy back program
For its share buy back program, Haulotte Group has selected an independent investment services provider. In the performance of its mission, in 2007 it purchased 697,420 shares for $24,751,191.
The company does not exclude further purchases under this program according to stock price trends.

2008 outlook
Foreseeing stability in the market worldwide in the year ahead and with 2007 order intakes providing good visibility for the first half, Haulotte Group expects 2008 sales to exceed $1,019.29 million.
Despite continued increases in raw material prices and persistent tension in financial markets (interest rates and currency), the net margin for 2008 should be close to 11 percent.

Genie’s new product introductions aim to leave an impression on The Rental Show attendees

Redmond, Wash. (January 17, 2008) – Genie Industries will introduce two new products – the redesigned GTH-5519 Telehandler and the S-60/S-65 Trax Telescopic Booms – at The Rental Show in Las Vegas, NV, Feb. 11-14, 2008, at the Mandalay Bay Convention Center, Booth No. 4125.

The GTH-5519 Telehandler has been re-engineered to improve the machine’s performance and serviceability while keeping the machine affordable and simple to use. Enhancements to the GTH-5519 include a new comfortable cab, new engine options and an easy-to-service hydraulic system and engine compartment.

The new Genie S-60 and S-65 Trax Telescopic Booms offer operators exceptional traction and flotation in many difficult terrains for easy maneuvering around jobsites. Because of its design, the Genie Trax booms also allow contractors to operate on sensitive surfaces year-round, providing more machine utilization opportunities.

Genie will also showcase many of the company’s most popular rental machines at The Rental Show, including the GS-3232 Scissor Lift, the Z-135/70 Articulating Boom, the GTH-1056 Telehandler and the Terex HFT 70RS Rental Equipment Trailer, and other construction-related equipment.

For more information about Genie products and services, visit the company online at www.genieindustries.com.

MEC establishes new sales representation in Texas and Southeast

"This alliance will allow both organizations to leverage existing customer relationships and outstanding products that will provide our combined customer base with a full range of access solutions," said Tolle.

"This moves our company a giant leap towards achieving our goal of providing a full line of quality powered access equipment to our customers," said Ray Hayles III of Ray Hayles MFG Sales. "We have been looking to represent a full-line scissor lift manufacturer for several years and MEC provides the most comprehensive range of high quality, U.S.-manufactured scissor lifts available in North America. We are also representing the MEC telehandler line and look forward to tremendous opportunities with MEC's future self-propelled boom products as well."

Manitowoc names Ingo Schiller VP sales and marketing

Manitowoc has announced the appointment of Ingo Schiller as vice president of sales and marketing for mobile hydraulic cranes in the Americas.

His position is effective January 28 and he will report to Dave Birkhauser, senior vice president of sales for the Americas. Speaking about the appointment, Birkhauser said Manitowoc will benefit from Schiller’s industry experience.

“The lifting industry is a very specialized market,” he said. “We are pleased to have someone with Ingo’s experience and vast market knowledge join the Manitowoc team.”

Prior to joining Manitowoc, Schiller spent 15 years in a variety of senior sales and management positions. Most recently he was executive vice president of sales for Liebherr Cranes North America and prior to that was vice president and partner of Schiller International, a former Liebherr dealer. Schiller holds a bachelor’s degree in mechanical engineering and a number of professional affiliations in crane and engineering associations. He will be based at Manitowoc’s office in Shady Grove, Pa., U.S.

Terex to manufacture scissor lifts in
Coventry, UK

“One Terex” effort benefits from manpower, existing plant space and strategic location.

Redmond, Wash. (January 15, 2008) – Two Terex business segments are coming together to share resources, working out of one facility to take advantage of existing plant space and available manpower. Terex Aerial Work Platforms (AWP) and Terex Construction, two business segments of the Terex Corporation (NYSE:TEX), have recently partnered in Coventry, England to manufacture Genie® scissor lifts. The combined effort offers greater operational efficiency than could be obtained by operating two facilities and provides Terex AWP a facility closer to its customers in the robust European market for aerial work platforms.

“We are seeing a significant increase in demand for our products in the European market. The partnership between Terex AWP and Terex Construction allows us to utilize the strengths of both business units while acting strategically and cost effectively. Additionally, we will have the added benefit of offering greater customer responsiveness and improved lead times,” said Matt Fearon, Vice President and Managing Director for Europe, Middle East, Africa and Russia for the Terex AWP Business.

“With this joint project in Coventry, we are demonstrating a tremendous opportunity to work as ‘One Terex’ and take advantage of the open plant space and capable operations,” said Bob Isaman, President of Terex Construction. “This is a great opportunity to share best practices, and a prime example of how two different divisions can unite forces.”

The Coventry location will initially manufacture two Genie® mini electric scissors: the GS™-1532 and the GS™-1932, which are also known as “slab scissors.” The two models offer excellent maneuverability, a zero inside turning radius, non-marking tires, a variable speed DC motor and 25 percent - 30 percent gradeability, among other features. The new location in the United Kingdom will allow Genie Industries to distribute products closer to its customer base, thus eliminating long lead times.

The line was fully developed and tested at the Genie Industries Redmond, Wash. headquarters before being implemented in Coventry. The teams worked diligently to create the assembly line, materials distribution system and supporting management system, utilizing the latest application of the Terex Business System.

“We are using many of the lean manufacturing methodologies that we have applied at Genie over the past few years,” said Fearon. “We worked closely with a cross functional team from Coventry during 2007 to teach them how the line has been designed.”

Production and shipping of the products have already begun.

The passing of a pioneer

Rock Gillette, the founder of National Lift Equipment and a pioneer in the lift equipment brokerage industry, passed away recently.

Gillette was a visionary who recognized that construction companies needed a reliable broker of used equipment to give them more flexibility in bidding for and working on projects. In 1990, he founded NLE to fill that need. Today the company he created provides customers with fast access to equipment they need, and with a way to sell surplus equipment at fair market prices.

This success can be traced directly to Gillette's strong business philosophy which stressed that the company offer solid product knowledge, outstanding customer service, absolute integrity and rapid resolution of each deal. These principles remain the foundation of the business.

As the World Wide Web changed the way the world does business, Gillette made sure NLE stayed in the forefront. Under his leadership, the company made its equipment listings easily available on-line, complete with accurate information and photos of the equipment. Today the Web accounts for half of NLE's sales, and has enabled the company to develop significant business in the Near and Far East markets.

Rock's drive and can-do spirit were apparent to all who hew him, either in person or by reputation. He was a graduate of the U.S. Naval Academy, where he was Roger Staubach’s center on the football team. After the Academy, he became a member of the Navy's elite Seal unit. He was a devoted family man and was involved in several local civic and church groups.

Rock Gillette will be deeply missed.

Bob Bartley appointed Director of Field Service for Terex AWP

Redmond, Wash. (January 15, 2008) – Terex announced today that Bob Bartley has been appointed to the new position of Director of Field Service for the Terex Aerial Work Platforms (AWP) business. Terex AWP includes Genie Industries, Terex® Power Products and Terex Load King. In his new role, Bartley will oversee both field and factory service organizations for Terex AWP.

“Bob’s extensive industry experience, leadership skills and knowledge of our business are valuable assets to provide the best service to our customers,” said Bruce Taber, Sr. Director of Quality and After Market Support for Terex AWP. “He already has high respect from within the organization and with our customers so he is a natural fit for this role as we always aim to provide the most customer-focused service available.”

Terex AWP service experts are available 24 hours a day, 365 days a year, with a strong team of field service experts strategically located throughout North America. Bartley’s goal is to carry forth that tradition and to continuously look for improvements in the organization.

“When our customers do business with us, they get much more than a piece of equipment,” explained Bartley. “We understand our customers’ business and we are committed to their success. My goal is to make our service organization the most responsive and the easiest with which to do business in the industry.”

Bartley first joined Genie Industries in 2000 as a field service representative and was quickly elevated to the position of the Western Regional Service Manager for Terex AWP. Directly prior to joining Terex, Bartley spent 23 years as service manager for Adco Equipment and United Rentals. Adco was the largest independent aerial lift dealer in California until United Rentals purchased it 1998.

One year incident free

The employees of Trico Lift, a full service aerial lift company headquartered in Millville, N.J., recently experienced a milestone achievement having worked safely through 2007, making it a full year without any lost work time or recordable incidents. The company employs nearly 100 people.

“In an industry where safety is of the utmost importance, we’re very proud to have achieved this significant achievement of one whole year without a recordable incident or one that required more than basic first aid treatment,"CEO and President Ken Pustizzi explained. “This means that the Trico Lift team has persisted for a considerable period of time to think safety first. It is a testament to our company philosophy that ‘Safety is everyone’s business’.”

In addition to its Millville, N.J. headquarters, the company maintains offices in Beltsville, Md., Gainesville, Va., Marcus Hook, Pa., Cincinnati, Ohio, and South Plainfield, N.J. Its fleet of nearly 3,000 aerial equipment pieces includes boom lifts, forklifts, scissor lifts, and general rental units such as air compressors, industrial pickup trucks and light towers. The company has a diverse customer base throughout the eastern United States including large industrial companies, contractors and government agencies.

(From left) Trico Lift Safety Director Steve Phillips reviews inspection reports with company Operations Vice President Andrew Volponi. Phillips is a member of the American Society of Safety Engineers and chairs the American National Standards Institute’s Documentation Committee for Elevated Work Platforms.

Genie Industries acquires Phoenix Equipment Company

Redmond, WA – Genie Industries Inc. has acquired the assets of Phoenix Equipment Co., a Waco, TX, company specializing in the refurbishment of aerial work platform equipment. This acquisition is key to Genieís strategy of continuing growth and delivering value-added services for customers.

"As the market has grown, so has the need for refurbishment," said Tim Ford, President, Terex Aerial Work Platforms (AWP), which includes Genie Industries. "With this acquisition, Genie Industries will now have a dedicated facility to refurbish and remanufacture products to customer specifications. In addition to standard refurbishment and remanufacturing services, Phoenix Equipment Company has the ability to complete warranty repairs and customer unit repairs, which will be an added benefit for our customers."

Phoenix Equipment Co. began operation in 1996 as a small aerial lift rebuilding and repair facility. Currently, Phoenix employs more than 140 people in Waco. Phoenix Equipment does not sell or rent equipment but is dedicated to providing timely repairs, painting and annual inspections on all types of construction equipment. Since 1999, Phoenix Equipment Company has been a factory-authorized Genie Industries refurbishment and repair center.

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