Sales grow at Terex MP
06 November 2019
Terex Materials Processing (MP), which includes the corporation’s crushing and screening product range, grew net year on year sales by 12% in the third quarter of 2019 – while the Terex group results fell by 4.7% during the same period.
Sales for MP during the quarter were US$339 million, driven by global demand for its products. The global backlog totaled $264 million while bookings in the quarter were $236 million. Sales for Terex Corporation during the quarter were $1 billion.
Kieran Hegarty, president of Terex MP, said: “We had an excellent quarter, thanks to strong operational execution across our businesses.
“Looking ahead, our bookings and backlog levels are pointing to softening demand in our global end markets. Throughout the cycle, we will continue to invest in product and service innovation and geographic expansion that will enable us to serve more customers globally.
“Our manufacturing capacity investments in Northern Ireland and India remain on track. These facilities will enable even more growth in the expanding Environmental sector and position us to continue to grow in India and the broader Asian markets as customers adopt our mobile processing technology. I am encouraged by our consistently strong execution and long-term prospects for growth across our MP businesses.”