Big growth for Terex Materials Processing

Premium Content

14 February 2018

Terex Corporation’s Materials Processing (MP) segment has reported growth of nearly 20% in the fourth quarter of 2017 in a strong contribution to total sales of more than US$1 billion, or 9% up on 2016.

Kieran hegarty web

Terex Materials Processing president Kieran Hegarty

For the full year, revenues were up by almost 14% whereas Terex Corporation reported a fall in net sales of 1.8% due to the sale of non-core businesses and softening of its mobile cranes business.

MP also reported an order backlog of 47% with growth in crushing and screening, environmental equipment and its range of Fuchs material handlers.

“We enter 2018 with strength in many of the markets we serve,” said Terex MP president Kieran Hegarty.

“We are investing in innovation and will continue to launch new products and services designed to improve our customers’ return on investment over the course of the year.”

For Terex Corporation, president and CEO John L Garrison said: “The fourth quarter marked an excellent finish to an important year for Terex with profitability increasing significantly.

John garrison web

Terex Corporation president and CEO John L Garrison

“We continued to simplify the company to enhance efficiency and make it easier for our customers to do business with us. We reduced administrative expenses while increasing investment in innovation, strategic sourcing, and commercial excellence.”

Latest News
Crane Institute of America appoints L.D. Stutes as GM
Stutes enters this newly created position with 37 years of experience.
Navigating new immigration policies in the construction industry
Joel Dandrea discusses what construction contractors need to know.
Link-Belt veteran William “Skeeter” Collins announces retirement
Collins, a cornerstone of Link-Belt Cranes’ sales team for over 50 years, will retire in February 2025