WESTPORT, Conn., Jun 3, 2003 (BUSINESS WIRE) -- Terex Corporation
(NYSE:TEX) today announced that it will participate in The Bear
Stearns Global Credit Conference at The Waldorf Astoria in New York,
New York, on June 4, 2003.
The meeting will include a presentation by Phil Widman, Senior
Vice President and Chief Financial Officer.
The slide presentation from the conference can be accessed
beginning Wednesday, June 4, 2003 on the Terex Corporation website,
www.terex.com under the Investor Relations section.
The presentation contains 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 continuing weak general economic conditions may affect
the sales of its products and its financial results; construction and
mining activity are affected by interest rates and government
spending; the ability to successfully integrate new businesses may
affect Terex's future performance; changes in Terex's 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; the dependence of
some of Terex's customers relying on third party financing to purchase
its products; 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 Securities and Exchange
Commission. 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, with 2002 annual revenues of $2.8 billion.
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.
SOURCE: Terex Corporation
Terex Corporation, Westport
Kevin O'Reilly, 203/222-5943
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