Terex Cranes flat in Q3
02 November 2018
Crane sales at Terex were flat in the third quarter of 2018 but the corporation as a whole posted an 11 per cent increase.
Sales in the crane segment were US$301 million in the third quarter 2018 and $301.9 million in Q3 2017. Terex said overall demand for cranes is stable with pockets of growth. The order backlog was up 20 % versus 2017.
Steve Filipov, President Terex Cranes commented, “Our new products, including the Demag line of all terrain cranes are selling well - our customers want the product. Our Utilities business is consistently meeting customer needs in a relatively stable market and our Tower Cranes business continues to grow and execute well with new products and customer-focused solutions. We have a strong order book and remain committed to improving Cranes performance and meeting the needs of our customers.”
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.