With the growing demand for U.S.-made heavy equipment, the machinery industry in the U.S. is likely to gain. Terex (TEX) is one of the companies from the industry that is taking advantage of the growing demand. The company is anticipating various revenue growth opportunities in the upcoming years.
Terex is a U.S.-based manufacturer of a wide range of heavy equipment for various industries like construction, mining, transportation, shipping and refining. The company's five major business segments include:
· Cranes: This segment contributes 27% to the total revenue of the company and offers products for all weather conditions, like all-terrain cranes, truck-mounted cranes and city cranes.
· Construction: The company manufactures construction equipment like concrete...
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