Tag: Terex: Page 8

Business

Terex to merge with Finnish manufacturer Konecranes

Cranes and heavy equipment manufacturer Terex will merge with Finnish competitor Konecranes in an all-share deal, the companies announced in a joint release Tuesday. The new company will be called Konecranes Terex and will be based out of Finland. It is expected to bring in $10 billion in revenues and allow both companies to fight […]

August 11, 2015

Construction Equipment

The choice between a low-spec backhoe and high-end siblings isn’t as clear-cut as you might think

Backhoe loaders of 14-foot-and-greater dig depth have split into two markets: rental and contractor. As more standard features were added to backhoes and prices crept up accordingly, customers for lower-cost, lower-spec’d units got left behind. Manufacturers are intent on offering machines for customers at both ends of the spectrum, which for many has meant rebuilding […]

August 11, 2015

Business

Terex sales drop 9% as 1Q results in a loss

In its earnings report for fiscal year 2014 in which the company reported a big 27-percent profit increase, Terex cautioned investors that it expected a drop in sales during a more challenging 2015. The change is already taking hold. During the first quarter of 2015, the company reports a 9-percent drop in sales to $1.5 […]

May 4, 2015

Business

KHL: Construction equipment revenues down as manufacturers trade places in top 10 rankings

Caterpillar and Komatsu remain the no. 1 and no. 2 construction equipment manufacturers in the world, respectively, to no surprise according to the latest edition of KHL’s annual Yellow Table study. However, four manufacturers traded places in the top 10. Volvo and Hitachi swapped, as did Terex and Liebherr though the publication does not note exactly […]

April 2, 2015

Construction Equipment

Terex intros rental ready TLB840R backhoe; and yes, it does come in blue (also white) [PHOTOS]

[imagebrowser id=203] “The TLB840R is the crown jewel of our show,” said Aron Sweeney, marketing manager, North America for Terex Construction, speaking from the company’s booth at The Rental Show this week. When rental customers asked for a low acquisition cost backhoe, Terex took their TLB840 model, and using the same chassis and basic structure […]

February 26, 2015

Construction Equipment

Terex begins manufacturing Genie telehandlers in Oklahoma City

Terex has announced that it is now manufacturing Genie telehandlers at its Oklahoma City facility. The 700,000-square-foot facility employs 260 people and Terex has begun hiring to fill new positions. The company says the OKC plant could produce more types of Genie machines should demand require it. “We have made a a long-term strategic shift to our […]

February 10, 2015

Construction Equipment

Terex, Manitex finalize skid steer/compact track loader joint venture

The joint venture between Terex and Manitex International has been completed, making Manitex the majority owner of ASV. Terex is selling 51 percent of ASV to Manitex. The joint venture will manufacture skid steers and compact track loaders. ASV will continue to sell its skid steers and compact track loaders under the Terex brand. Ron DeFeo, […]

December 23, 2014

Construction Equipment

JCB to supply Terex with engines for site dumpers

JCB has announced that it has been awarded a contract to build engines for Terex site dumpers. The $7 million (£4.5 million) contract will provide power to two Terex site dumpers: the TA6 and TA6S. Terex will be using JCB’s Ecomax 74-horsepower Tier 4 Final engines for the machines. The contract comes as JCB celebrates the […]

December 9, 2014

Business

Terex profit falls 30% in 3Q, reduces expectation for full-year earnings

Despite a slight sales boost, equipment manufacturer Terex saw earnings fall during the third quarter and has reduced its earnings forecast for the full year. Sales were up 3 percent over the same quarter last year to $1.8 billion, mainly due to the continued success of the company’s aerial work platforms (AWP) segment and a […]

November 2, 2014

Dealers

Case names Diamond Dealer winners; Liebherr continues restructuring; Bobcat, Terex add dealers in this week’s Dealer News Roundup

Welcome to the Dealer News Roundup, your one-stop shop for all the moves going on inside the heavy equipment distributor industry. This week’s edition includes expansions from several major manufacturers. Case names Diamond Dealer award winners Case Construction Equipment has recognized 13 dealers for excellence in sales and support as the 2014 Diamond Dealer recipients. […]

October 3, 2014

Roadbuilding

Terex Launches Next Generation of Skid Steers, CTLs

Featuring more than 100 enhancements from previous models, Terex has launched a line of skid steers and compact track loaders. The Terex Generation 2 machines are available in radial and vertical lift-path patterns with rated operating capacities ranging from 665 to 3,600 pounds. The enhancements on the machines were designed to increase machine performance with additional rated […]

September 10, 2014

Construction Equipment

Terex launches Generation 2 skid steers and compact track loaders with more than 100 upgrades

Featuring more than 100 enhancements from previous models, Terex has launched a new line of skid steers and compact track loaders. The Terex Generation 2 machines are available in radial and vertical lift-path patterns with rated operating capacities ranging from 665 to 3,600 pounds. The Terex Gen2 line currently includes eight models, ranging in size from 665 […]

September 3, 2014