Terex Materials Processing (Terex MP) has announced first quarter sales of US$346 million for 2019, a 10% increase on the same period a year ago.

Terex MP Kieran Hegarty and John Garrison web index

John Garrison (left) and Kieran Hegarty

According to the company this success was a result of continued demand for crushing and screening products, material handlers and pick and carry equipment.

Terex MP’s president, Kieran Hegarty, said construction activity, aggregate consumption and the need for scrap steel drove demand.

The company’s backlog figures also saw an increase of 11% on the previous year to $499 million.

Kieran added: “We expect strong results to continue, fuelled by innovations that will excite our existing customers and geographic expansion that will enable us to serve more customers globally.

“For example, at Bauma we showcased our ’Omni by Terex’ tablet-based control system that uses IOT (Internet of Things) technology to revolutionise the crushing and screening job site. This will improve safety and productivity and further differentiate our MP product lines. Geographically, we’re seeing increasing demand for our products in regions such as India – so we are expanding our Hosur [near Bangalore] facility to better serve customers throughout the region.”

Terex MP said its businesses were well positioned to deliver excellent 2019 results, while Terex Corporation announced a net sales increase of 2% overall on its 2018 first quarter.

John Garrison, Terex chairman and CEO, said: “We continue to invest in our Execute to Win business system, which remains focused on enhancing our capabilities in commercial excellence, lifecycle solutions and strategic sourcing and we are seeing benefits from each of these areas in how we are executing for our customers as well as our financial performance.”

Demolition & Recycling International July-August 2019 1

Demolition & Recycling International - July-August 2019

Included in the issue: 

  • WORLD NEWS 
    Another record year for World Demolition Awards; Turcot Interchange project to feature at Summit; CECE leads circular economy call; Metso acquires McCloskey; decommissioning of nuclear power plants set to grow; O’Keefe in four-time safety award win; AR Demolition goes for remediation relaunch; EDA hails successful Japan study tour
  • INTERVIEW – JET DEMOLITION 
    American Joe Brinkmann grew up in farming, graduated in engineering and now heads an award-winning South African demolition contractor
  • EXCAVATORS
    Manufacturers find themselves meeting increasing challenges
  • D&RI100 HEADLINERS 
    A more detailed look at the stories behind the numbers for some of the companies involved in our annual listing of contractors by turnover
  • SPECIAL FEATURE – METSO & CAREY’S
    Two companies celebrating differing milestones during mid-2019
  • RECYCLING AKTIV SHOW GUIDE
    D&Ri looks ahead to Recycling Aktiv, the demonstration trade fair for recycling machines and systems taking place in Germany in September
  • HYBRID TECHNOLOGY
    How does technology tie in with what the customer wants to achieve?
  • HYDRODEMOLITION
    A challenging project at an oil terminal in Nigeria
  • WORLD DEMOLITION SUMMIT
    A look at the 10th anniversary of the World Demolition Awards
  • OPINION – RICHARD VANN
    Exactly how important is stakeholder engagement in demolition?
  • EQUIPMENT
    Demarec and Hammer to merge; Liebherr lightens the load for Dowideit Recycling in Germany; Costello Dismantling boosts volumes with Genesis bucket crushers; Sandvik introduces nextgeneration impact crusher
  • EDA NEWS
    All set for Think Tank 2019;Industry Report on its way

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