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Terex Corporation Helps With Clean-Up Efforts

The historic flooding that affected many thousands of homeowners and businesses throughout the Midwest also had an impact on Terex team members and manufacturing facilities in Iowa. Nearly 70 Terex Cranes team members' lives were affected by the flood waters in Waverly, while more than 30 members of the Terex USA facility in Cedar Rapids were affected by flooding there. Additionally, the Terex Cedar Rapids facility lost power and phone service for a period of several days.

To help the individuals and the communities directly affected by the flooding begin the road to recovery, Terex Corporation established a two-pronged strategy for donating assistance: one for its internal team members; and a second for the communities in which they live.

Upon learning of the need, Terex sent two semi-trailer loads of bottled drinking water to the Waverly and Cedar Rapids manufacturing facilities, which took a small portion of the shipment and then donated the rest to the Red Cross to help flood victims. Terex also provided gift cards to all team members who were directly affected by the floodwaters to help with basic needs assistance, and the company offered temporary housing assistance. The company also established a "Terex Helping Terex" program wherein Terex team members can contribute cash donations to help team members affected by the flooding in Iowa.

For the Cedar Rapids and surrounding communities, Terex donated equipment from its Terex Construction Americas (TCA) business segment to help with the clean-up efforts. Immediately after the Cedar River's June 13 crest, Terex sent an assessment team to Cedar Rapids to make contacts with city leaders and public works officials to determine the needs. Nearly $600,000 worth of wheel loaders, backhoes, mini excavators and light towers were shipped on June 17 from North Carolina to the Terex Cedar Rapids facility, where the equipment was staged for pick up by any city department that needed it.

Home to the manufacture of crushing and screening equipment for Terex Materials Processing and asphalt paving equipment for Terex Roadbuilding - the Terex plant in Cedar Rapids did not sustain water damage from the record water levels of the Cedar River that reached beyond the 500-year flood plain. However, the flooding affected the electrical grid supplying power to the offices and factory.
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