Monday, February 25, 2013   VOLUME 9 ISSUE 8  
FREE SUBSCRIPTION!
Back to the Newsletter
Newsletter Sponsored by Afton Chemical
Newsletter Sponsored by Afton Chemical
Newsletter Sponsored by Vanderbilt Chemicals
 Newsletter Sponsored by Vanderbilt Chemicals
Newsletter Sponsored by UNITI
 Newsletter Sponsored by UNITI
Newsletter Sponsored by BLM
Newsletter Sponsored by BLM
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Subscribe, Unsubscribe or Change Your Options
Click Here to Subscribe, Unsubscribe or Change Your Options
Terex Divesting Roadbuilding Equipment Manufacturing in Oklahoma City, OK and Porto Allegre, Brazil

Terex Corporation announced recently that it has entered into a contract to divest its Roadbuilding operations in Brazil and certain mobile roadbuilding product lines in the U.S. to the Fayat Group (Bomag and Marini). Product lines being divested include asphalt plants and pavers manufactured in Porto Allegre, Brazil, and assets for the asphalt paver, reclaimer stabilizer and material transfer product lines which are currently manufactured in Oklahoma City. The transaction is anticipated to close during the first quarter.

Terex has determined that it will be exiting the remaining roadbuilding product lines that it manufactures in Oklahoma City, and has taken charges in connection with the business assets being sold and the remaining Oklahoma City roadbuilding assets to reflect the likely realizable value in a transaction. The amount of these charges that will impact the fourth quarter 2012 results, when reported, is approximately $15 million. Terex will continue manufacturing operations in Oklahoma City for its product lines not affected by this transaction.

Ron DeFeo, Terex Chairman and Chief Executive Officer, commented “The decision to exit most of our roadbuilding product lines is another step in the repositioning of Terex. We continue to focus on improving our Construction segment performance as well as the Company’s overall returns on invested capital, and this transaction is part of that process.”


[PRINTER FRIENDLY VERSION]
Newsletter Sponsored by Lubrizol
 Newsletter Sponsored by Lubrizol
Reference Center

Global Lube Base Oil Specifications

API Group I
API Group II
API Group III
API Group IV
API Group V

Archive
February 18, 2013
February 11, 2013
February 4, 2013

[MORE]
Classifieds

Interested in posting a job position within your company to a targeted audience?


Circulation Audited by BPA Worldwide 

Please send all comments and correspondence to lubritec@aol.com.

Published by Lubrication Technologies, Inc.
Copyright © 2013 Lubrication Technologies, Inc.. All rights reserved.
FORWARD TO A COLLEAGUE
Privacy Policy
Powered by IMN