Terex Corp. plans $40M
Equipment manufacturer Terex Corp. plans to invest about $40 million to upgrade its Oklahoma City facility after selling several product lines that had been built here.
The company will add new machinery and other equipment at its local manufacturing plant, where it could add as many as 1,500 new jobs by 2017. Officials said the project fits with Terex's efforts to make its manufacturing operations more efficient.
“We see Oklahoma City as a geographically advantaged site. Its central U.S. location and well-developed infrastructure help us to efficiently service our North American customers from here,” said Tom Gelston, Terex vice president of investor relations.
“It also boasts a workforce that's skilled in the trades we need to manufacture our equipment — such as fabrication, welding, machining and assembly.”
Terex owns a 700,000-square-foot plant and more than 100 acres of land in Oklahoma City. It employs more than 150 people here.
Terex serves the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, utility and manufacturing industries.
Jay F. Marks,