Terex's tower and rough terrain cranes join materials processing segment
Alignment of cranes into MP completes transformation of Terex into two-segment organization
Terex Corporation's Tower and Rough Terrain Cranes businesses have become part of the Materials Processing (MP) segment.
Last summer, Terex announced plans to align all of its business operations within two business segments, Aerial Work Platforms based in Redmond, Washington and Materials Processing based in Dungannon, Northern Ireland. The alignment of the Tower and Rough Terrain Cranes into MP completes the transformation of Terex into a two-segment organization.
"Consistent with our Focus, Simplify, and Execute to Win strategy, all of our businesses are now aligned with the potential for long-term profitable growth," Mr. Garrison said. "These crane businesses will be an excellent fit within the diverse MP portfolio of equipment businesses."
Tower Cranes is an efficiently operated participant in the worldwide tower cranes market. The business has launched five new products in the past two years along with a crane elevator (T-Lift) and new telematics features (T-Link). The Rough Terrain Crane business launched four new products in 2019, while expanding its engineering team and its global sales and service teams.
