Terex Realigns Product Groups
November 10, 2004—Starting in third quarter 2004, Terex Corp.,
The Materials Processing Group, formerly part of the Roadbuilding, Utility Products and Other Segment, is now consolidated with the Terex Mining Group under the Terex Materials Processing & Mining Segment. The Terex Light Construction and Load King businesses, formerly part of the Roadbuilding, Utility Products and Other Segment, are now part of the Aerial Work Platforms Segment.
This realignment is in an effort to strengthen the company's ability to service customers and to recognize certain organizational efficiencies. In addition, Terex has revised certain historical segment results for the three month and nine month periods ended September 30, 2003 as previously presented in its press release dated October 27, 2004 reporting its results of the third quarter of 2004. These revisions correct the allocation of certain items among the segments, and they do not impact Terex's consolidated financial results for the three month and nine month periods ended September 30, 2004.
