On Aug 18, we issued an updated research report on Terex CorporationTEX , a global equipment manufacturer. The company is set to benefit from progress on capital allocation strategy. Also its focus on portfolio restructuring and cost-saving initiatives is likely to boost results in the near term.
Notably, Terex fulfilled its commitment to focus on three core segments and continues to simplify the company by implementing footprint and cost-restructuring plans. In fact, it has already closed the sales of its loader backhoe business in the United Kingdom and India.
Furthermore, the company simplified manufacturing footprint by completing the closure of its Cranes facility in Jinan, China. In Germany, Terex si…
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