WESTPORT, Conn.--(BUSINESS WIRE)--Dec. 6, 2005--Terex Corporation
(NYSE: TEX) today announced that it will participate in the Bear
Stearns Commodities and Capital Goods Conference at the Bear Stearns
World Headquarters located on 383 Madison Avenue at 47th Street in New
York, New York on Thursday, December 8, 2005. The meeting will include
a presentation by Ronald DeFeo, Chairman and Chief Executive Officer.
A live webcast of this presentation can be accessed on Thursday,
December 8, 2005 at 12:35 PM (EST) on the Terex Corporation website,
www.terex.com, under the Investor Relations section. Additionally, a
slide presentation from the conference will be available beginning on
Thursday, December 8, 2005 on the Terex website 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 for
90 days by accessing the above address. There is no charge to access
the event.
The presentation and webcast 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, infrastructure and mining activity and products produced
for the military 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; Terex's continued access to capital and ability to obtain
parts and components from suppliers on a timely basis 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 significant amount of debt and
its need to comply with restrictive covenants contained in Terex's
debt agreements; Terex's ability to file its periodic reports with the
SEC on a timely basis; the previously announced SEC investigation of
Terex; Terex's ability to ensure that all intercompany transactions
will be properly recorded; compliance with applicable environmental
laws and regulations; and other factors, risks and uncertainties more
specifically set forth in Terex's public filings with the SEC. In
addition, until the previously announced review by Terex of its
accounts is concluded, no assurance can be given with respect to the
financial statement adjustments, impacts and periods resulting from
such review, nor can there be assurance that additional adjustments to
the financial statements will not be identified. 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 speak only as of
the date of the presentation and webcast. Terex expressly disclaims
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement included in this
presentation and webcast 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 with 2004
net sales of approximately $5 billion. Terex operates in five business
segments: Terex Construction, Terex Cranes, Terex Aerial Work
Platforms, Terex Materials Processing & Mining, and Terex
Roadbuilding, Utility Products and Other. Terex manufactures a broad
range of equipment for use in various industries, including the
construction, infrastructure, quarrying, recycling, surface mining,
shipping, transportation, refining, utility and maintenance
industries. 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 Corporation
Tom Gelston, 203-222-5943
SOURCE: Terex Corporation