Terex Material Handling & Port Sltns : Port Solutions to supply two more Floating Cranes to the Mississippi

Düsseldorf, 30. March 2015

American River Transportation Company (ARTCO), a subsidiary of Archer Daniels Midland Company recently selected Terex Port Solutions (TPS) to supply two diesel-electric Terex® Gottwald Model 8 floating cranes in the G HPK 8400 B four rope grab variant for professional bulk handling. When the two cranes are delivered in August and September of this year, they will augment ARTCO's existing fleet of four Terex Gottwald floating cranes operating at five different buoy sets in the greater New Orleans area. With a maximum lifting capacity of 100 t each and impressive 63-t grab curves, the new cranes are to specifically transship bulk products, including but not limited to fertilizers, salt, steel products and coal, between ocean-going vessels and river barges on the Mississippi. Both cranes will be delivered with pedestals that will be welded on site to the crane barges.

"ARTCO is part of ADM's global logistics network that includes 2,500 barges, more than 27,000 railcars, 600 trucks, 1,300 trailers and more than 50 oceangoing vessels. Our customers on the Mississippi can depend on that network - and our expertise - to move their goods around the world efficiently," says Jason Porter, director of Gulf operations at ARTCO. "These two new floating cranes, with their high handling rates and excellent reliability, will help us enhance our ability to serve our customers. We are pleased to be working again with Terex, a world leader that understands and delivers on our exacting requirements."

Joe Krider, Vice President Supra Region Americas, TPS said: "This repeated ARTCO's decision to purchase additional TPS cranes is a vote of confidence in our mobile harbour crane technology on barges. The order from ARTCO also illustrates once again the success story of Terex Gottwald floating cranes on the Mississippi, whose number will soon increase to a total of 21 machines."

Weighing system provides improved transparency
Terex Gottwald Model 8 floating cranes have a weighing system installed direct on the crane. The system is far more precise than conventional load measuring solutions on cranes. The measuring system accurately records the bulk quantity in the grab during a handling cycle; thus rendering external weighing systems and the associated additional work unnecessary. "Thanks to this innovation, we will be able to offer our customers an even higher level of specificity with regard to the freight quantities handled", says Porter.

About ADM/ARTCO in Louisiana
ADM's operations in Louisiana involve agricultural processing and transportation and logistics, as the company sources crops and secures energy and transportation needs throughout the state. The company's river operations in the Gulf - managed by ADM subsidiary American River Transportation Company (ARTCO) - include 20 harbor and fleet vessels, a full-service shipyard, a barge washing and repair facility, and stevedoring, crewboat and line handling services. ADM employs more than 650 employees in the south Louisiana port system.

About ADM
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we're one of the world's largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world's premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.

About Terex Port Solutions
Terex Port Solutions is part of the Material Handling & Port Solutions business segment of Terex Corporation that supplies customers in ports with a unique combination of machines, software and services under the Terex and Terex Gottwald brands. Whether it is ship-to-shore cranes, reach stackers or fully automated, integrated handling systems for containers and bulk, Terex Port Solutions provides reliable solutions for rapid, safe, efficient handling of all forms of cargo with low downtimes and excellent return on investment.

About Terex
Terex Corporation is a lifting and material handling solutions company reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex manufactures a broad range of equipment serving customers in various 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 Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.