Terex CEO Says Output May Rise 30% at Three Units This Year
Terex Corp., a U.S. manufacturer of heavy equipment, plans to increase production by 25 to 30 percent at three of its units this year.
The gains will be at its materials-processing, aerial work platform and construction units, Chief Executive Officer Ron DeFeo said in a telephone interview today.
“In all three businesses, we see significant bookings and backlog increases,” DeFeo said.
Production, measured in terms of units, won’t increase this year at the cranes business, the Westport, Connecticut-based company’s biggest by revenue, he said.
Terex said earlier its sales will increase as much as 23 percent to $5.4 billion in 2011.
To contact the reporter on this story: Shruti Date Singh in Chicago at firstname.lastname@example.org
To contact the editor responsible for this story: Simon Casey at email@example.com.