WESTPORT, Conn., Mar 7, 2003 (BUSINESS WIRE) -- Terex Corporation (NYSE: TEX)
today announced that it will participate in the Salomon Smith Barney Sixteenth
Annual Global Industrial Manufacturing Conference at The Grand Hyatt Hotel in
New York, New York on March 12, 2003.
The meeting will include a presentation by Ron DeFeo, Chairman and Chief
Executive Officer and Phil Widman, Senior Vice President and Chief Financial
Officer.
A live webcast of this presentation can be accessed on Wednesday, March 12, 2003
at 11:15 a.m. (EST) on the Terex Corporation website, www.terex.com under the
Investor Relations section.
Listeners should go to this site at least 15 minutes before this event to
download and install any necessary audio software. For those unable to listen to
the live broadcast, a replay will be available by accessing the above address.
There is no charge to access the event.
The webcast may contain forward-looking information based on Terex's current
expectations. Because forward-looking statements involve risks and
uncertainties, actual results could differ materially. Such risks and
uncertainties, many of which are beyond Terex's control, include among others:
Terex's business is highly cyclical and weak general economic conditions may
affect the sales of its products and its financial results; the sensitivity of
construction and mining activity to interest rates and government spending; the
ability to successfully integrate acquired businesses; the retention of key
management personnel; Terex's businesses are very competitive and may be
affected by pricing, product initiatives and other actions taken by competitors;
the effects of changes in laws and regulations; Terex's business is
international in nature and is subject to changes in exchange rates between
currencies, as well as international politics; the ability of suppliers to
timely supply Terex parts and components at competitive prices; the financial
condition of suppliers and customers, and their continued access to capital;
Terex's ability to timely manufacture and deliver products to customers; Terex's
substantial amount of debt and its need to comply with restrictive covenants
contained in Terex's debt agreements; compliance with applicable environmental
laws and regulations; and other factors, risks, uncertainties more specifically
set forth in Terex's public filings with the SEC. Actual events or the actual
future results of Terex may differ materially from any forward looking statement
due to those and other risks, uncertainties and significant factors. The
forward-looking statements herein speak only as of the date of this release.
Terex expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statement included in this release
to reflect any changes in Terex's expectations with regard thereto or any
changes in events, conditions, or circumstances on which any such statement is
based.
Terex Corporation is a diversified global manufacturer based in Westport,
Connecticut. Terex is involved in a broad range of construction, infrastructure,
recycling and mining-related capital equipment under the brand names of Advance,
American, Amida, Atlas, Bartell, Bendini, Benford, Bid-Well, B.L. Pegson,
Canica, Cedarapids, Cifali, CMI, Coleman Engineering, Comedil, CPV, Demag,
Fermec, Finlay, Franna, Fuchs, Genie, Grayhound, Hi-Ranger, Italmacchine,
Jaques, Johnson-Ross, Koehring, Lectra Haul, Load King, Lorain, Marklift,
Matbro, Morrison, Muller, O&K, Payhauler, Peiner, Powerscreen, PPM, Re-Tech, RO,
Royer, Schaeff, Simplicity, Square Shooter, Telelect, Terex, and Unit Rig. Terex
offers a complete line of financial products and services to assist in the
acquisition of Terex equipment through Terex Financial Services. More
information on Terex can be found at www.terex.com .
CONTACT: Terex, Westport
(Investor Relations)
Kevin O'Reilly, 203/222-5943
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All rights reserved.