Stevenson Crane Service has nine new Terex rough terrain cranes available for nationwide rental as of Tuesday, Jan. 27. The new additions include three 30-ton Terex RT 230s, two 55-ton RT 555s, two 70-ton RT 670s and two 80-ton RT 780s.
The new equipment will provide enhanced performance and allow for increased availability to better serve contractors and users in need of the most advanced lifting equipment.
Terex Cranes UK held a customer open day at its premises in Long Crendon today where four 160 tonne Explorer 5600 All Terrain cranes were on display.
The open day, which also took place yesterday, offered customers a chance to tour the company’s premises and view a range of Terex cranes on display.
Of particular interest were the first four Explorer 5600 All Terrain cranes in the UK, which have been ordered by Southern Cranes & Access, ABA Crane Hire, King Lifting and Sangwin Crane Hire. Due for delivery in the next couple of weeks, Southern Cranes is scheduled to take the first unit.
The five-axle 5600 features a seven section 68 metre main boom and a 21 metre bi-fold swingaway with a 12 metre straight insert, offering a maximum tip height of 94.6 metres. Features include a single engine concept, a newly designed cab, start/stop function, wireless remote control, and Terex’s IC-1 control system. Lifts requiring the full 46 tonnes of counterweight and rigging also only require a single additional transport vehicle.
Other cranes on display included a 40 tonne AC40/2L city crane for King Lifting, two 60 tonne Challenger 3180s ordered by AB2000 and Sparrow Crane Hire and a 220 tonne Explorer 5800 for HTC Plant. A 75 tonne Quadstar 1075 Rough Terrain crane was also on show, as well as a number of second-hand cranes.
Julian Dyer, Terex Cranes senior manager UK/Ireland, said: “With four customer Explorer 5600s present the open house was an ideal opportunity for the UK launch. The new 5500 is due for UK delivery in March which takes the five axle Explorer range up to three machines.”
Eslohe-based cranes service provider Blüggel Krane has taken delivery of the first 160 tonne Terex Explorer 5600 All Terrain crane in Germany.
Its first job was to lift a 17 tonne bridge, measuring 29 metres in length, on to a heavy haulage vehicle at a radius of approximately 20 metres. Once the bridge was taken to the new location, the crane then lifted it and set it down on top of its concrete piles.
The five-axle 5600 features a seven section 68 metre main boom with a bi-fold swingaway and a 12 metre straight insert, offering a maximum tip height of 95 metres. Features include a single engine concept, start/stop function, wireless remote control, and Terex’s IC-1 control system.
Company owner Friedrich Blüggel said: “One of the main reasons why I decided on the Explorer 5600 was the fact that it could work in tight spaces, as was the case with this project on the Ruhr: It has a width of only 2.75 metres, which makes it as compact as the AC 120 we already had, but it also delivers much greater performance – it’s an enormous leap forward in terms of technology.”
“This project was our chance to put our new Explorer 5600 to the test. Before starting the project, Jens Röttger (a Terex technician) taught us everything there was to know about the machine for three days and then, on site in Olsberg, provided us with invaluable advice regarding the crane’s configuration.”
Gilley Crane and Jack Daniel’s recently came together when Gilley Crane was tasked with lifting two boilers weighing more than 100,000 pounds each at the Jack Daniel’s Distillery in Lynchburg, TN. The plan required each boiler to be lifted twice at a 28-foot radius in a confined space.
“At one end of the lift, we had to work around a fenced-in lot nearby other equipment, while at the other end we had to work around rebar sticking up around the boiler base,” explains Gilley Crane Owner, Robert Gilley.
Working in the confined area, Gilley Crane’s crew needed a compact crane with good maneuverability. Having only a two-day window to complete the project, the company needed a crane that offered fast mobilization, quick setup and efficient operation.
Gilley Crane selected their new Terex Explorer 5800 all-terrain crane, purchased from its Terex Crane distributor in Cleveland, Renegar-Driggers Machinery Co, Inc. Gilley Crane’s four-man crew quickly roaded the Explorer 5800 crane plus full counterweight the 30 miles from its Manchester yard to Lynchburg. It required four additional transports to move the crane’s 154,800 pounds of counterweights to the project site.
Powered by a 12.7-liter, 550-hp Tier 4F (Euromot Stage IV) engine, the crane has the power to quickly make it to the jobsite at speeds reaching 53 mph. Once on-site, engine speed and power is reduced to 1600 RPM and 275 hp respectively, providing ample capacity for proper crane operation while reducing fuel consumption.
In total, the project required eight lifts to move and place the two boilers and bases. The 20-foot-tall by 25-foot-long boilers and 10,000-pound bases were first placed onto trailers and moved approximately 200 yards to their final location. Working with 55.4 feet of main boom at a 28-foot radius, the Explorer 5800 delivered more than enough capacity to lift and position the boilers and bases.
Shares of Terex (NYSE:TEX) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the stock, AmericanBankingNews.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.53.
In other Terex news, Director David A. Sachs bought 5,000 shares of the company’s stock on the open market in a transaction dated Friday, December 12th. The stock was purchased at an average price of $26.41 per share, with a total value of $132,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Terex (NYSE:TEX) traded up 2.07% during mid-day trading on Tuesday, hitting $26.69. 795,118 shares of the company’s stock traded hands. Terex has a 52-week low of $25.40 and a 52-week high of $45.46. The stock has a 50-day moving average of $28.42 and a 200-day moving average of $33.95. The company has a market cap of $2.893 billion and a price-to-earnings ratio of 9.36.
Terex (NYSE:TEX) last released its earnings data on Wednesday, October 29th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Terex will post $2.30 EPS for the current fiscal year.
A number of research firms have recently commented on TEX. Analysts at Deutsche Bank cut their price target on shares of Terex from $35.00 to $33.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. They now have a $35.00 price target on the stock, up previously from $30.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Terex in a research note on Monday, November 3rd. They now have a $32.00 price target on the stock, down previously from $36.00.
Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.
Dunagep, one of Hungary’s largest crane rental specialists, has taken delivery of a Terex AC500-2,
Dunagep, (Danubian Building Machines Servicing Corporation), one of Hungary’s largest crane rental specialists, has taken delivery of an eight axle 500 tonne Terex AC500-2, its largest All Terrain crane to date. The new crane has a 56 metre main boom plus luffing jib and Superlift attachment, maximum system length it 145.8 metres.
The company which is celebrating its 25th anniversary this year, is based in Budapest with subsidiaries in Slovakia and Croatia. It mainly serves the steel, refinery and petrochemical industries, and the crane will make its lifting debut working in an Hungarian power plant.
Dunagep chairman Laszlo Szecsenfalvi said: “This is a great crane and we had no hesitation in choosing it in preference to other makes. Good transport logistics, quick set-up, long reach and reliability are just some of its many features. It has added a whole new dimension to our product line-up.”
Terex sales manager, Andreas Schramm added: “The AC 500-2 crane will enable Dunagep to accept and undertake work that previously would have necessitated working in conjunction with industry partners. Now they will be in a position to complete these larger projects themselves.”
