Terex bets on the Latin American market
International Mining attended the M&T Expo in Sao Paulo, Brazil in early June and reports over the coming days from those meetings, beginning with Terex which expects “emerging markets should represent 40% of revenue in five years.” In 2008, company sales reached $9.9 billion. Currently, the US and Canada represent 34% of global sales, followed by Western Europe with 32%, Emerging Markets (including BRIC countries) with 23% and Australia, New Zealand and Japan with 11%. Emerging countries have been presenting greatest market growth for Terex, according to Steve Filipov, Company President for Developing Markets. These countries currently represent 23% of the company’s global revenue, a value equivalent to $2 billion.(more…)
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