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terex corp (TXG) Snapshot

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52 Week High
02/28/14 - €32.62
52 Week Low
01/14/15 - €18.85
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terex corp (TXG) Details

Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, light towers, and bridge inspection equipment, as well as related components and replacement parts under the Terex and Genie brands. The company’s Construction segment offers compact construction equipment, including loader backhoes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders, and wheel loaders; and specialty equipment, such as material handlers, concrete mixer trucks, and concrete pavers. Its Cranes segment designs, manufactures, services, and markets mobile telescopic, tower, lattice boom crawler, lattice boom truck, truck-mounted cranes, and utility equipment, as well as related components and replacement parts. The company’s Material Handling & Port Solutions segment offers industrial cranes, such as universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems, and crane components; and port and rail equipment, including mobile harbor cranes, straddle and sprinter carriers, gantry cranes, reach stackers, empty and full container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles, terminal automation software, and related components and replacement parts. Its Materials Processing segment provides materials processing equipment, such as crushers, washing systems, screens, apron feeders, chippers, and related components and replacement parts under the Terex and Powerscreen brands. The company also provides financing solutions to assist customers in the rental, leasing, and acquisition of its products. It serves the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, energy, and utility industries worldwide. Terex Corporation was founded in 1925 and is based in Westport, Connecticut.

20,500 Employees
Last Reported Date: 02/25/14
Founded in 1925

terex corp (TXG) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $554.2K
Chief Executive Officer of Terex Material Han...
Total Annual Compensation: $551.0K
President of Terex Cranes
Total Annual Compensation: $577.8K
President of Terex China
Total Annual Compensation: $348.3K
Compensation as of Fiscal Year 2013.

terex corp (TXG) Key Developments

Terex Introduces New Fiberglass 4th Section for its General 80 Digger Derricks

Terex is offering an insulated, retractable 4th section on its popular General 80 digger derricks. The new 4th section from Terex is made from fiberglass, replacing a non-insulated, steel 4th section on previous models, is designed to meet the industry's demand for increased insulated digger derrick reach heights. With the insulated 4th section, crews are able to set poles and perform line work with an 80-ft digger derrick. The new 4th section is designed to enable operators to extend and retract in minutes using the winch line. Terex engineered it to balance on a series of boom extension rollers. This design allows it to be rolled in and out easily. The ability to retract the 4th section fully into the other boom protects the new 4th section from potential damage when it is not in use.

Manitex International, Inc. Announces Closing of ASV, Inc. Joint Venture with Terex Corporation

Manitex International, Inc. announced that it has successfully completed the formation of its Joint Venture with Terex Corporation and has become the majority owner of ASV, effective December 19, 2014. As a result of the transaction, Manitex now owns 51% of ADV and Terex owns 49% of ASV. The consideration for Manitex's majority share in ASV was $25 Million, consisting of a $20 million investment by Terex in MNTX common stock and debt securities, and $5 million in cash. The joint venture had borrowings of approximately $44 million at closing which is non-recourse to Manitex and Terex.

Terex Corporation Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 01:30 PM

Terex Corporation Presents at Bank of America Merrill Lynch 2014 Leveraged Finance Conference, Dec-03-2014 01:30 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Thomas Gelston, Vice President of Investor Relations.


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