Yes, the construction equipment sector is challenging at present, but Terex is celebrating 50 years of its Genie business and is looking ahead with enthusiasm
Terex has this week staged a breaking ground ceremony on the site of what will be a new assembly and fabrication facility for Genie aerial work platforms in Changzhou, eastern China.
Kieran Hegarty, president of Terex Materials Processing (Terex MP), and Colin Clements, Powerscreen global product line director, attended the event – marking the latest stage of ambitious Terex’s Chinese market development.
Powerscreen, the major Terex MP global quarrying equipment manufacturer, who offer a full product line
Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
Terex Corporation chairman and CEO Ron DeFeo is predicting strong growth over the next three years, with the aim of US$10bn revenues by 2015, up from $7.3bn in 2012. However, unlike so often in the past, he is not looking for acquisition but to develop the existing business. Indeed, the company has recently sold off much of its road construction business, as it was struggling to expand that division.
The organisers of the INTERMAT 2015 event in Paris are bullish about the potential success of the show, with more than 1,000 brands already registered as exhibitors. Those present at the exhibition include 38 out of the top 50 leaders in the construction equipment market worldwide. These include: CNH Industrial, Doosan, Hitachi Construction Machinery, Hyundai Heavy Industries, JLG, John Deere, Kobelco Construction Machinery, Komatsu, Kubota, Liebherr, Liugong, Sany, Shantui, Terex, Volvo Construction Equipm
