Continued growth for Terex MP

Terex Materials Processing (MP) has reported net sales of US$365 million in its second quarter 2019 results.

A 9% increase on the same period in 2018, Terex MP said the rise was driven by global demand for its services and products.

An order backlog of US$364 million positions the segment well as it heads into the second half of 2019.

John L Garrison, Terex Chairman and CEO, said: “Terex continued to grow in the second quarter. Global demand for our leading products and services remained generally stable at a healthy level, and we continued to meet the needs of our diverse customer base.”

Terex Corporation reported an overall net sales figure of USS1.3 billion for the quarter, which equals a 4% increase on the same period last year, or 8% excluding the impact of foreign exchange rates.

Kieran Hegarty, Terex MP president, said: “We had an excellent quarter, thanks to strong global sales and execution across our business. Our global team is committed to meeting the needs of our customers, and that manifests in our consistently strong operating results.”