WESTPORT, Conn.--(BUSINESS WIRE)--May 24, 2007--Terex Corporation
(NYSE:TEX) executive team members today told an invited audience of
analysts and financial institution representatives that the Company's
growth and continuing performance improvement in its five business
segments would come from an expected combination of strong worldwide
markets and innovative initiatives involving products, services and
selling strategies.
An audio replay of the day-long series of detailed presentations
and the accompanying visual materials will be available on the
Company's website at www.terex.com under the Investor Relations
section beginning on Friday, May 25, 2007.
The Company took the opportunity to announce the introduction of a
variety of new equipment to the worldwide construction, mining and
infrastructure industries in the coming years. The Company's Materials
Processing & Mining segment will introduce the Terex(R) MT 6300
AC-drive mining truck, capable of hauling 400 tons of material. Among
the products to be introduced by the Cranes segment will be the
Terex(R) CC8800, the world's largest twin lattice boom crawler crane.
In addition, the Company described initiatives under way to
improve operational effectiveness for its largely European-based
Construction equipment segment. The Aerial Work Platforms segment
presentation focused on meeting the world's growing demand for its
products, especially from Europe, the Middle East, Latin America and
the Asia Pacific region. The Terex Roadbuilding and Utilities
businesses highlighted enhanced sales and product support coverage as
well as plans for strengthened distribution.
This press release may contain forward-looking information based
on Terex's current expectations. Actual events or the actual future
results of Terex may differ materially from any forward looking
statement due to risks, uncertainties and significant factors. Such
risks and uncertainties, many of which are beyond Terex's control,
include, among others, those more specifically set forth in Terex's
public filings with the SEC. The forward-looking statements contained
in this release 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 with 2006
net sales of approximately $7.6 billion. Terex operates in five
business segments: Aerial Work Platforms, Construction, Cranes,
Materials Processing & Mining, and Roadbuilding, Utility Products and
Other. Terex manufactures a broad range of equipment for use in
various industries, including the construction, infrastructure,
quarrying, surface mining, shipping, transportation, refining, and
utility 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
Media:
Mike Bazinet, Director, Global Communications
203-222-6113
[email protected]
or
Investors:
Tom Gelston, Director, Investor Relations
203-222-5943
[email protected]
SOURCE: Terex Corporation