{"id":369,"date":"2016-04-13T13:47:45","date_gmt":"2016-04-13T13:47:45","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=369"},"modified":"2016-04-13T13:47:45","modified_gmt":"2016-04-13T13:47:45","slug":"terexs-bright-past-better-future","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/terexs-bright-past-better-future\/","title":{"rendered":"Terex\u2019s bright past, better future"},"content":{"rendered":"
\"Terex

Garrison: no information yet on Zoomlion bid<\/p><\/div>\n

John Garrison, Terex\u00a0<\/span>Corporation CEO, has said that as soon as further information is available on\u00a0Zoomlion<\/a><\/span>\u2019s unsolicited cash bid for the company there will be an announcement.<\/p>\n

The Chinese construction equipment manufacturer is understood to have increased its offer for Terex in the estimated $3.4 billion bid. Meanwhile, Terex <\/a>has an existing merger agreement with Finnish company Konecranes.<\/p>\n

\u201cThe board of directors has not changed its recommendation for the Konecranes<\/a>\u2019 merger,\u201d Garrison told a press conference at bauma 2016. \u201cWe cannot comment on how long this is going to take. As soon as we have something to say we will make an announcement. Since I became CEO in November, 2015, it has been a very exciting and dynamic first couple of months. I must emphasize that in this company safety is the most important thing we do.\u201d<\/p>\n

The company is using the theme Bright Past, Better Future. \u201cFor example, this year our Genie brand<\/a> is celebrating 50 years,\u201d he said. \u201cWe are reintroducing the Demag brand to our cranes, and Powerscreen<\/span> is also 50 years. There is a tremendous amount at Terex to be proud of, particularly with our 20,000 team members. But we can\u2019t rest on our laurels.\u201d<\/p>\n

Plans are in hand to reintroduce the City Crane under the Demag name, but Ken Lousberg, president of Terex Cranes, said he could not give a date as yet.<\/p>\n

\u201cI think it will be a short development time,\u201d he said.<\/p>\n

Kieran Hegarty, president of Terex Materials Processing, said, \u201cOur customers are telling us they want real-time diagnostics on their machines to maximise their efficiency. You are seeing a big focus on advanced telematics.\u201d<\/p>\n

\n
First published<\/span>bauma<\/span> <\/span><\/div>\n<\/div>\n
\n
2016<\/span> <\/span><\/div>\n<\/div>\n
\n
Daily News<\/span><\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

John Garrison, Terex\u00a0Corporation CEO, has said that as soon as further information is available on\u00a0Zoomlion\u2019s unsolicited cash bid for the company there will be an announcement. The Chinese construction equipment manufacturer is understood to have increased its offer for Terex in the estimated $3.4 billion bid. Meanwhile, Terex has an existing merger agreement with Finnish […]<\/p>\n","protected":false},"author":1,"featured_media":371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8],"tags":[],"yoast_head":"\nTerex\u2019s bright past, better future - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/terexs-bright-past-better-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terex\u2019s bright past, better future - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"John Garrison, Terex\u00a0Corporation CEO, has said that as soon as further information is available on\u00a0Zoomlion\u2019s unsolicited cash bid for the company there will be an announcement. 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