For our new business the material handling and port solutions segment, the market environment is generally improving, but perhaps a bit softer than was previously thought particularly because of Europe. We do see improving trends in North America, India and the Middle East for port equipment and services. The domination in profit and loss transfer agreement that process continues in Germany. The vote at the Annual Shareholders Meeting on this will be in March.Lastly, our material processing business continues to supply large capacity machines worldwide most notably to Australia and South Africa, as small mining customers continue to look to our largest mobile equipment as a solutions provider for some of their needs. Our dealers are a bit more optimistic in general than a few months ago; finally we're excited about the many new products that this business will be introducing in 2012.
Terex's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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