Terex Cranes has started the process to close its crane manufacturing plant in Jinan, China which was scheduled to build the new 300 tonne LC 300 lattice crawler crane, originally due to be unveiled at Conexpo in March. The plant ceased production on Tuesday and will wind down over the next few months.
It has also been confirmed that the LC300 will not make it onto the company's Conexpo stand, not particularly due to the pending plant closure, but as a result of the crane falling foul of the company’s tougher stance on not launching products until they are proven to be fully market ready. That policy was spelt out by Steve Filipov in an interview with Cranes & Access in November when he said: “In the past, we have had a very bad experience by bringing products out too early, and much as I want to push for new products, they have to work, be competitive, reliable and top quality. Unless they meet these requirements they will not be launched.”
As to where the new crane will now be produced, we understand that nothing has yet been decided, but that there is room and the relevant expertise at the Terex plant in Oklahoma that has already taken over production of the Terex cranes
previously built in Waverly, Nebraska.
Terex acquired the Jinan plant when it purchased a 65 percent majority stake in Shandong Topower Heavy Machinery Company in August 2010, which built lattice boom crawler cranes in the 70 to 360 tonne class. See Terex acquires in China The joint venture became fully operational in March 2011, See Terex Cranes celebrates start of Topower agreement and then in November 2014 the company took over the rest of the Topower equity See Terex Cranes takes all of Topower