Terex Cranes flat in Q3

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.”