As you know, Terex us one if the finest names in the world when it comes to making constructing equipment. You would be glad to know that the company has launched a couple of new models in its range of the backhoe loaders in the last few months. These two models are known as the TLB850 and the TLB990. The former is in the budget end while the latter is in the top end. According to Terex, the TLB850 which is cost effective equipment is more if a backhoe loader that is of the entry level. The primary aim of this equipment is apparently at hire markets. The base weight of the equipment is about 8230 kg. The machine is a bit beefy when compared to the 840 that weighs 7210kg. It comes with a newly designed hydraulic system with valves of central control that is closed. The new model also comes with an engine of 70Kw Perkins. The dimensions are more or less same as the previous version for this model. The digging depth of the model is about 5.39 meters. According to Terex, due to the new hydraulic system makes the operation of the dipper, boom, the bucket and the extender quite smooth.
The second version that has been designed by Terex is known as the Terex TLB 990. The operating weight of this machine is about 8248 kg. The weight of this version is not very different from the former version but the engine is of 74.5kw Perkins. The digging depth of the equipment is also about 5.64 meters. The 970 has been upgraded to build the new 990. Therefore, it comes with maximum torque which in turn makes the road and the loading performance of the machine much more improved. There has been a six percent increase in the break out force of the dipper. Operating the machine has become very easy after the simplification of the control panels. If you go for the servo models you will be able to get more foot space as the auxiliary operation models are not present.
Jon Beckley who is the product manager of the Terrex backhoe loader says that the key requirements of customers were productivity, versatility and comfort of the operator according to the research for the design of the new equipment. According to him, the designs of the new models will enable to meet all the above mentioned requirements that have surfaced at the time of the research. According to him, the breakout forces, the pushing power and the turning circle makes the new model a very productive and versatile option in the construction world. The general manager of Terex, Neal Nowick says that the 990 has been designed with new technologies and technical advances. He also says that it is one of the most significant developments as far as backhoes are in concern. Therefore, if you are considering new digging machines, these two models from Terex can prove to be an excellent option for you.
The year 2014 may have not been so pleasant for many but some companies just know how to make fortune out of nothing. The overall construction segment has seen a decline in the year 2014. Right from heavy equipment manufacturing companies to the big construction houses, most of them have suffered losses. In general, it has not been the year that passed away pleasantly. It indeed gave lot of losses to big as well as small companies. Many companies saw a sharp decline in the sale of heavy equipment, something that was not experienced by many for the last many years. However, this was the year when almost all the companies have experienced the same issue and are struggling hard to get over it.
Some companies found 2014 to be more difficult because they did not foresee the issue in advance. They relied more on domestic markets giving less importance to other global emerging markets. They were of the opinion that it may be difficult for them to conduct business in other countries and they may lose their share of hold in the domestic markets. Therefore, they paid less attention on international markets where there were more opportunities and took a hit on their sales. Simultaneously, there were few companies like Terex that made a smart call and took the plunge to overseas markets. They made some real big plans for countries like China. They have planned to increase their annual revenue to $1 billion from $300 million in the next 3 to 5 years. This means that they have taken far better calculated risk which is likely to pay huge dividends to them in the future. Ron DeFeo, the chairman and the chief executive officer of Terex feels that China plays a significant role in making Terex a $10 billion revenue company by the end of 2015. The CEO sees China as an important player that has plenty of demand. Terex in return has a lot to offer to China. They see immense business opportunity in that country and also in other South East and Middle East countries.
According to the CEO, in the year 2014, China has single handedly contributed around 8 percent of the $4.4 billion revenue generation in the year 2014 and they forecast that it is expected to enhance its contribution to 20 percent. They see immense investment opportunities in China. Terex will be working on their aerial work platform and agrees that the government in China gives a lot of importance to safety and efficiency. The company will therefore pay a lot of attention to the safety and efficiency part and ensure that it abides by the rules and regulations of the country. Slowly and steadily, they may work to create a safety aerial work which will not be restricted only to the business but will be relevant to the whole society. They are in talks with the government to make something of this kind possible.
Terex sees the overseas market as the market with potential and feels confident in doing business away from home.