Overhead Bridge Crane Wire Rope Hoist and Crane kits Electric Chain Hoists

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PRESS RELEASE

Demag Cranes welcomes announced improvement in Terex offer terms

• Planned raising of the offer price from EUR 41.75 to EUR 45.50 per share represents a premium of 29.3 per cent over the three-month weighted average share price before the announcement of the tender offer

• Business Combination Agreement secures wide-ranging independence for Demag Cranes and contains extensive guarantees to safeguard locations and jobs

Düsseldorf, 16 June 2011. Demag Cranes AG welcomes the announcement by Terex Industrial Holding AG that it will substantially increase the offer price of the voluntary public tender offer it submitted to the shareholders of Demag Cranes AG on 19 May 2011. A complete evaluation of the new offer terms will be presented by the Management Board and Supervisory Board of Demag Cranes AG in a supplementary statement pursuant to Section 27 of the German Securities Acquisition and Takeover Act (WpÜG) presumably until 22 June 2011. The increase in the offer price from EUR 41.75 to EUR 45.50 per share announced by Terex is part of a Business Combination Agreement signed today by Terex and Demag Cranes after the approval by their relevant boards. The agreement ensures broad operational and strategic autonomy to Demag Cranes even after Terex has acquired a majority interest in the company. The agreement additionally improves the offer document dated 19 May with regard to the intentions and objectives of the possible takeover, particularly with a view to the future strategy of Demag Cranes and the interests of the company’s stakeholders. Moreover, the document includes detailed commitments for the period after a possible integration of Demag Cranes into Terex Group. Demag Cranes’ Chief Executive Officer Aloysius Rauen: “Apart from a significant increase of the offer price, we achieved important assurances by Terex regarding the interests of our employees, which in total significantly improve the original offer.”

Specifically, the two parties agreed on the following points:

• After a majority takeover by Terex, Demag Cranes will remain an independent operating segment within Terex Group pursuing its existing business activities. Strategic and operational responsibility for the business will remain with the management board.

• Terex fully supports Demag Cranes’ strategy and will back its continued implementation in order to further strengthen the leading position of Demag Cranes in its current business segments. Besides the Management Board’s plan to develop the mid-market segment, this includes further expansion in emerging markets and notably the further pursuance of the planned strategic alliance between Demag Cranes and Weihua in China.

• For a period of three years, Terex guarantees that it will not cause Demag Cranes to announce enforced redundancies as a direct result of the transaction. In addition, Terex pledges to fully uphold shop agreements and collective bargaining agreements as well as other employee rights.

• Demag Cranes’ headquarters will remain in Düsseldorf. For Demag Cranes’ German production sites Wetter, Düsseldorf, Uslar and Luisenthal Terex gave a site preservation guarantee for five years.
• The strong and successful brands Demag and Gottwald will be preserved.

• As innovation and technology leader in its industry, Demag Cranes will continue to take responsibility for its research and development activities in the future.

• Even after the possible acquisition of a majority shareholding and until the effectiveness of a Domination Agreement, Demag Cranes Group will retain its full financial autonomy, including decisions about the dividend policy.

• After the proposed takeover, Demag Cranes will be represented by its CEO in the executive leadership team of Terex Group.

CEO Aloysius Rauen comments: “Also as part of the Terex Group, Demag Cranes will be able to further pursue its clear and successful growth strategy in the integrated structures we have built. We will additionally profit from access to international markets as well as the Terex Group’s network. Therefore, the transaction Terex intends to undertake will create value for all of our stakeholders.”

The new offer price proposed by Terex of EUR 45.50 per share represents a premium of 29.3 per cent over the three-month weighted average share price of Demag Cranes before the announcement of the tender offer and a premium of 53.5 per cent over the price on 6 October 2010, the last day before takeover speculations arose. A complete evaluation of the new offer conditions will be presented by the Management Board and Supervisory Board of Demag Cranes AG in a supplementary statement pursuant to Section 27 of the German Securities Acquisition and Takeover Act (WpÜG) presumably until 22 June 2011. Pending this opinion, however, the Management Board of Demag Cranes AG is confident based on today’s Business Combination Agreement that it will in total be able to recommend that the company’s shareholders accept the improved offer.

About Demag

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Conditions for forward-looking statements

This press release contains forward-looking statements relating to the business, financial performance and earnings of Demag Cranes AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of Demag Cranes AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which are explicitly or implicitly assumed in the forward-looking statements. Demag Cranes AG does not intend or accept any obligation to publish updates of these forward-looking statements.

Contact for business and financial media

Nikolai Juchem

Senior Vice President 

Corporate Communication and Marketing 

Phone: +49 (0)211 7102-1019 

Email: nikolai.juchem@demagcranes-ag.com 

Contact for investors and analysts 

Horst Thelen Senior 

Vice President Investor Relations 

Phone: +49 (0)211 7102-1210 

Email: horst.thelen@demagcranes-ag.com

Contacts for product and trade media 

Peter Klein Head of Product Marketing 

Phone: +49 (0)211 7102-3355 

Email: peter.klein@demagcranes-ag.com 

Christoph Kreutzenbeck 

Phone: +49 (0)211 7102-3907 

Email: christoph.kreutzenbeck@demagcranes-ag.com

www.demagbridgecrane.com

Electric Chain Hoists buy direct online

Demag Electric Chain Hoists Buy Online - Direct From Manufacturer  In Stock. Ready to Ship.  Free Delivery. HMI Certified.  DC-Com electric chain hoists are feature packed work horses suitable for a wide range of applications.  Standard on the DC-Com is a two speed motor for accurate positioning, plug and play electrical connections to simplify installation and commissioning, and an adjustable height control pendant that improves safety and ergonomics. Also included is an overload protection system with slip clutch and limit switches, quick disconnect connections, and an easy-to-access control panel for simple and efficient maintenance.   Load capacities range from 275 lbs. to 4400 lbs. Get complete information, specs, brochures, wiring diagrams, operating instructions and pricing.  Order off the web direct from Demag US! The DCS-Pro electric chain hoist is packed with standard features that allow operators to handle and precisely position critically sensitive loads with ease.  These include an infinitely-variable speed control with soft starting speeds as low as 3.15 inches/minute; a 1:200 control ratio that produces gentle positioning in addition to high speed travel; automatic switchover to low speed prior to reaching the upper/lower stop; acceleration and braking ramps to prevent load sway; and up to 90% higher nominal speed for partial load or no-load operations.  Load capacities range from 275 lbs. to 11,000 lbs. Get complete information, specs, brochures, wiring diagrams, operating instructions and pricing.  Order off the web direct from Demag US! The DCM-Pro Manulift electric chain hoist is designed to handle loads quickly and safely with just one hand.  Based on Demag’s workhorse DC-Pro electric chain hoist, the DCM-Pro includes a DSM-C control unit that is securely connected to the hoist with a helical cable, and is then rigidly connected to a variety of load handling attachments.  It can be operated left-handed or right-handed, and the operator can operate the chain hoist and accurately guide the load with one hand. A quick-disconnect coupling allows any variety of load handling attachments to be attached and detached quickly and easily.  A universal coupling pin is used to accommodate Demag and customer-designed attachments. The DCM-Pro Manulift is available in two models and features load capacities of 275 lbs. or 550 lbs. and lift heights of 9 and 14 feet respectively. Get complete information, specs, brochures, wiring diagrams, operating instructions and pricing.  Order off the web direct from Demag US!

Wire Rope hoist Overhead bridge crane Electric chain hoist Demag press release

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PRESS RELEASE

Demag Cranes supplies Mobile Harbor Cranes to Canada for bulk handling

■ Port Technology segment’s position in bulk-handling market further consolidated

■ First Gottwald Mobile Harbour Cranes with 4-rope grabs for Canada

Düsseldorf, 7 June 2011. Demag Cranes has received an order to supply two Mobile Harbour Cranes to Canada. The two identical machines are 4-rope grab cranes for professional bulk handling. Vale Inco Limited (Vale), the second-largest mining and metals company in the world, a new Demag Cranes customer, will be using the cranes for handling nickel and limestone at its terminal in Long Harbour (southeast Newfoundland and Labrador).


“The bulk market offers tremendous potential and has, for some years, been a focal point in our Port Technology segment,” emphasised Thomas H. Hagen, Member of the Management Board of Demag Cranes AG and COO. “Around a quarter of the Gottwald Harbour Cranes sold last year are for professional bulk handling. The considerable strategic importance to Demag Cranes of the bulk-handling market is also reflected in the acquisition of the UK company DB Controls. That company has renowned capabilities in software and advisory services in the field of automating bulk-handling equipment. This acquisition has further extended our range of services in this key segment of the market.”

Additional information:

G HMK 6407 B Mobile Harbour Crane

The G HMK 6407 B Mobile Harbour Crane with the 4-rope grab is a variant of the Model 6 Harbour Crane. Designed to withstand the rigours of high-end use, Model 6 Harbour Cranes are for high-performance applications and thus achieve enhanced handling rates. This 4-rope grab G HMK 6407 B variant has a 50-tonne grab curve in A8 classification and, depending on the local conditions, achieves handling rates of up to 1000 tph. The machine can service bulk carriers up to Capesize.

Four-rope grab cranes for professional bulk handling

The 4-rope grab variant, designed specifically for the professional handling of bulk materials, has become a firm favourite worldwide among terminal operators at universal and special purpose terminals as an alternative to custom-built equipment. Customers profit from low specific investment costs for acquisition, operation and creation of the entire quay infrastructure and short delivery and erection times. For individual requirements, special equipment, e.g. dust protection systems, are available. The 4-rope grab variant of the Gottwald Mobile Harbour Crane, as well as the Portal Harbour Cranes and Floating Cranes derived from it, still retains its versatility. Equipped with a broad range of lifting gear, these machines can load and unload any type of cargo.

G HMK 6407 B for Vale, Canada

The two new G HMK 6407 B Gottwald cranes for Vale are to enter service early in 2012 in Long Harbour in the southeast of Newfoundland and Labrador and will handle nickel and limestone.

Like all other Gottwald Harbour Cranes, these two machines are fitted with the Visumatic® crane management system. Among the many extras included there is an active anti-dust system, a specially customised propping system and a high tower. The scope of supply also includes four large grabs, an automatic spreader and a fixed spreader.


The decision to opt for Gottwald’s 4-rope grab crane was influenced by the convincing state-of-the-art technology available from Demag Cranes and the fact that a large number of these crane variants have been in use worldwide in the most diverse terminals for some years.


“We are proud to have won such a prestigious, worldwide industry leader as Vale as a new customer,” enthused Robert Histon, Regional Director North America. “Having supplied many Mobile Harbour Cranes for container and general cargo handling to Canada, we are particularly pleased to have received an order for a bulk application.”

About Demag

Demag Cranes AG. We Can Handle It.

Follow us on the net Demag

Go see a crane like the one in the article. (Refuse Overhead Bridge Crane)

Conditions for forward-looking statements
This press release contains forward-looking statements relating to the business, financial performance and earnings of Demag Cranes AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of Demag Cranes AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which are explicitly or implicitly assumed in the forward-looking statements. Demag Cranes AG does not intend or accept any obligation to publish updates of these forward-looking statements.


Contact for business and financial media
Nikolai Juchem
Senior Vice President 
Corporate Communication and Marketing 
Phone: +49 (0)211 7102-1019 
Email: nikolai.juchem@demagcranes-ag.com 


Contact for investors and analysts 
Horst Thelen Senior 
Vice President Investor Relations 
Phone: +49 (0)211 7102-1210 
Email: horst.thelen@demagcranes-ag.com


Contacts for product and trade media 
Peter Klein Head of Product Marketing 
Phone: +49 (0)211 7102-3355 
Email: peter.klein@demagcranes-ag.com 


Christoph Kreutzenbeck 
Phone: +49 (0)211 7102-3907 
Email: christoph.kreutzenbeck@demagcranes-ag.com


www.demagbridgecrane.com

Wire Rope hoist Overhead bridge crane kit

News Release FOR IMMEDIATE RELEASE Demag Overhead Bridge Crane Kits Allow Quick Installation of 3, 5 and 10 Ton Capacity Overhead Cranes          CLEVELAND, OH (May 17, 2011) – Overhead bridge crane kits from Demag are a quick, and cost effective solution for installing overhead bridge cranes in the 3, 5 and 10 ton capacity range.  The kits are plug-and-play, require no electrical work, and include everything needed for installation with the exception of box girders or steel beams.  Available in either top running or under running configurations, the single girder overhead bridge crane kits include a wire rope hoist, end trucks, a bridge panel, a festoon system with brackets and push button station, specifications and instructions.  Steel beams or box girders are typically sourced from a local vendor to save on freight. All components are manufactured and warrantied by Demag.  This ensures quick and trouble-free installation, quality, reliability and consistency.  Typical installation times have been under 21 hours.  While most customers use their own installer, Demag offers complete onsite construction and maintenance service.   ### About Demag Cranes and Components Demag Cranes & Components based in Cleveland, OH , a subsidiary of Demag Cranes AG , is a world class manufacturer of high quality industrial cranes and components, electric chain and wire rope hoists, and load handling attachments and accessories for material handling flow, logistics and industrial drive applications. The company offers a complete range of services and support programs including replacement parts, maintenance and refurbishment.

Click here to access Microsoft Word Document, High Resolution Photo and Low Resolution Photo For more information: Demag Cranes & Components 29201 Aurora Road Cleveland, OH  44139 (440) 248-2400 Fax: (440) 248-3086 www.demag-us.com Client Contact: Mr. Ruedi Van Coppenolle Product Manager Demag Cranes & Components (440) 349-8211 Ruedi.VanCoppenolle@demag-us.com

Electric Chain Hoists, Wire Rope Hoists, Overhead Bridge cranes, Bridge Crane Kits

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KBK Workstation Crane Enhancement.

Demag will be introducing an addition to our popular KBK workstation crane construction kits that increases load capacity and spanning capability. The new track profile will work for both suspension cranes and monorails.

The addition to the traditional system is KBK II-H’s steel profile section that will fit between the KBK II and KBK III size sections, while remaining compatible with existing systems. The KBK II-H profile makes it possible to increase distances between suspensions on crane runways for spans of up to 28 feet and loads more than 1200 lb. The section also features a rigid rail joint capable of being subjected to a full load at any track position. The track will continue to provide reliable overhead material handling, smooth running for trolleys, and pendulating suspension that absorbs horizontal movement.

It will feature compatible KBK parts such as travelling, extending and overhead cranes. Demag’s modular crane construction kit is designed for adaptability. The structure is lightweight and the bridges are flexible. Demag says it is relatively easy to assemble. 

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HMI Certified DCS-Pro Electric Chain Hoist

Our DCS-Pro electric chain hoist line is packed with standard features that allow operators to handle and precisely position critically sensitive loads with ease.  These include an infinitely-variable speed control with soft starting speeds as low as 3.15 inches/minute; a 1:200 control ratio that produces gentle positioning in addition to high speed travel; automatic switchover to low speed prior to reaching the upper/lower stop; acceleration and braking ramps to prevent load sway; and up to 90% higher nominal speed for partial load or no-load operations.

Fully Operational Unit At ProMat!

Designed with safety, convenience and low maintenance in mind, the entire family of DCS-Pro chain hoists includes as standard 24V control voltage and operating limit switches for improved safety and reliability, a brake-coupling system which ensures that loads are held securely in all operating situations, and a speed monitored slipping clutch for effective cut-off on overload allow safe operation.  The DCS also comes standard with "plug & lift" connections that make the hoist simple to install, while the gearbox, brake and slipping clutch are maintenance-free for up to 10 years, while the modular chain drive can be quickly and easily replaced without having to remove the motor or gear parts. 

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 HMI Certified DC-Com Electric Chain Hoist

Our DC-Com electric chain hoists are feature packed work horses suitable for a wide range of applications.  Standard on the DC-Com is a two speed motor for accurate positioning, plug and play electrical connections to simplify installation and commissioning, and an adjustable height control pendant that improves safety and ergonomics.  Also included is an overload protection system with slip clutch and limit switches, quick disconnect connections, and an easy-to-access control panel for simple and efficient maintenance. 

Demag Cranes & Components is the first manufacturer to receive the Hoist Manufacturer Institute’s (HMI) Certification for its DC line of electric chain hoists.  HMI is a trade association affiliated with the Material Handling Industry of America (MHIA).

The DC-Com is available in 5 different capacities ranging from 275 lbs (125 kg) up to 4400 lbs (2000 kg).  All models easily connect to a variety of Demag’s popular trollies and electric trolley drives, and are easily integrated with the Demag KBK crane construction rail system.

Ergonomic features include a control cable with ten feet of adjustment for optimum pendant positioning, a single fall                    chain design and upper and lower limit switch.  

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HMI Certified DC-Pro Electric Chain Hoist

Our line of DC-Pro electric chain hoists includes many standard safety and performance features that allow users to achieve superior levels of performance, safety and productivity through reduced downtime, increased duty cycles, easy maintenance and improved ergonomics.  This hoist iscertified by HMI ( Hoist Manufacturers Institute ) to meet the ANSI B30.16 and ASME HST 1 -1999 design and safety standards for electric chain hoists.

Unique to the DC-Pro is an extended service life; a 20% improvement in comparison to conventional HMI 4 or 2m FEM classified chain hoists. This results in increased time between service intervals and general overhauls.  Many components are maintenance free for up to 10 years.  These features allow the hoist to be more productive and result in lower operating costs. 

Safety features include brakes that do not require adjustment and clutches that provide protection against overload and slippage.  The brake-coupling system ensures that the load is held securely in position and cannot drop.  The slip clutch monitor automatically shuts the hoist down if the slip clutch torque is exceeded, preventing the slip clutch from wearing out due to operator error.

The DC-Pro Chain Hoist is available in 275 - 11,000 lb. capacities with two different control configurations: standard with a pendant control or as the DCM-Pro with Demag’s Manulift control pendant for safe and easy handling of loads with only one hand.

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Pre-Engineered Overhead Bridge Crane, Crane Kits

Our pre-engineered bridge crane single girder crane kits are available in either top running or under running configurations that allow installers to do their own on-site bridge crane assembly.  The kits are shipped complete with all necessary components except the steel beams, which can be purchased locally to save freight cost.

The bridge crane kit comes complete with all components including a wire rope hoist, end trucks, bridge panel, festoon system with brackets and push button station.  All bridge crane, crane kits are “plug and play” and no electrical work is required.  The kits can typically be assembled in less than 21 hours, an extremely fast rate for the crane industry.

Bridge crane, crane kits are designed for builders of beam girder bridge cranes in the 3, 5 and 10 ton capacity range.  Demag provides all specifications and instructions.  Onsite construction and maintenance services are also available. 

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CoilMaster bridge crane for Handling Steel Coils

Storage, handling operations and order-picking are processes that have to be performed continuously and reliably when handling steel coil.  In addition to the bridge crane crane itself, special magnets, stacker-cradle spreaders and tilt-type magnets provide for safe and reliable handling of coils, long bar material and sheet metal.  We offer unparalleled experience and knowledge when it comes to coil handling bridge crane solutions, with installations around the globe.  Stop in to discuss your operation, and let us put our problem solving capabilities to work for you!  

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Overhead Bridge Crane Solutions

The booth will include two video monitors illustrating solutions for overhead bridge cranes in the steel coil handling, waste-to-energy, aircraft, concrete pipe and wind turbine manufacturing industries. In addition, an overall capabilities video will demonstrate Demag’s global capabilities in ports, intermodal and manufacturing markets.

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www.demag.com

For more information:

Demag Cranes & Components

29201 Aurora Road

Cleveland, OH  44139

(440) 248-2400

Fax: (440) 248-3086

www.demag.com

Demag Cranes & Components based in Cleveland, OH , a subsidiary of Demag Cranes AG , is a world class manufacturer of high quality industrial cranesand components, electric chain and wire rope hoists, and load handling attachments and accessories for material handling flow, logistics and industrial drive applications. The company offers a complete range of services and support programs including replacement parts, maintenance and refurbishment.