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30|05|2011 GAZ GROUP AND TEREX CORPORATION ANNOUNCE JOINT VENTURE TO MAKE CONSTRUCTION AND ROADBUILDING EQUIPMENT IN RUSSIA

Tver, Russia \ Westport, CT, May 30, 2011 – GAZ Group, part of Oleg Deripaska’s Basic Element, and Terex Corporation (NYSE:TEX) today announced they have entered into an agreement to form a joint venture company for the manufacture of construction and roadbuilding equipment in Russia.

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