McClarin Plastics Signs a New Manufacturing Agreement with a Chinese Sub-Contractor
McClarin Plastics announced today that it has signed a manufacturing agreement with Lihe Manufacturing in the Jiangsu Province, China to support the Terex China Changzhou assembly facility. Timo Haatanen, Executive Vice President of Sales commented that “the Lihe manufacturing alliance will position the production of composite components used for the Terex Aerial Work Platform (AWP) product line close to the Terex Changzhou facility delivering significant cost savings through reduced inventory levels and reduced freight for one of our key strategic global customers”. He further adds that “this arrangement will allow us to better and more effectively support the growth of Terex in Asia”. Jerry Armstrong, CEO and President of McClarin Plastics commented that “this agreement demonstrates our commitment to supporting our customers globally and positions us for future growth in Asia with existing and new customers. David Abbott, Terex China General Manager, Changzhou Assembly plant, added that “we appreciate McClarin Plastics providing Terex with global support”.
About McClarin Plastics
McClarin Plastics, LLC is a premier contract manufacturer of large thermoformed plastic and fiberglass reinforced plastic components for industrial equipment, construction, rail, transportation, agricultural and medical applications. In 2015, the company merged with Amtech to provide more comprehensive capabilities for the military and commercial markets. The company provides production throughout North America and China, with international exports to Asia and Europe. The company is owned by Blackford Capital, a private equity firm based in Grand Rapids, Mich. For more information, visit www.mcclarinplastics.com.
Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in three business segments: Aerial Work Platforms, Cranes, and Materials Processing. Terex delivers lifecycle solutions to a broad range of 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 its Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.
About Lihe Manufacturing
Lihe is a custom composite manufacturer in China supporting many OEM’s for 20 years in the Asia Pacific region.