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Terex posts US$132 million loss

MINING equipment manufacturer Terex Corp has reported a loss of US$132.5 million for last year after adopting new accounting standards.

Rebecca Keenan

Before special items were accounted for Terex posted an income of US$46.8 million, an increase over 2001 of $40.1 million before special items. The special items for 2002 included net charges of $179.3...

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