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Terex expects Chinese sales growth despite shrinking industry

Sep. 21, 2015 8:04 AM ETTerex Corporation (TEX) StockTEXBy: Yoel Minkoff, SA News Editor
  • Terex's (NYSE:TEX) China president is optimistic about the long-term outlook for the Chinese construction market, although he expects to see half of existing mainland machinery makers close amid a four-year market downturn.
  • China is estimated to contribute 10%-15% of Terex's global sales by 2018, up from 5%-10% currently, Ken Lousberg told Reuters.

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