Terex and Gaz Group have announced plans to form a joint venture company that will manufacture construction and road-building equipment in Russia. The company will manufacture and market Gaz's entire construction equipment portfolio, along with certain Terex products in the Russian market. The joint venture will also distribute imported Terex construction equipment in Russia as well as selling some of the Gaz portfolio it manufactures on export markets. The joint venture is expected to be operational early next year.
Source: International Construction