Terex

-5.24%

Terex Corporation is a diversified global manufacturer of heavy equipment and machinery used in various industries, including construction, mining, transportation, energy, and utilities. Established in 1925, the company is headquartered in Westport, Connecticut, and operates in over 50 countries with over 50 manufacturing facilities.
Terex has a broad portfolio of equipment, including cranes, aerial work platforms, construction and materials processing equipment, and utilities equipment. The company also offers financial services to support its customers' equipment purchases.
In 2019, Terex generated over $4 billion in revenue and employed around 11,000 people worldwide.
Terex upholds a commitment to sustainability and corporate responsibility by implementing environmentally-friendly practices, promoting diversity and inclusion, and supporting local communities through various initiatives.
Overall, Terex is a leading global manufacturer of heavy equipment with a strong focus on innovation, sustainability, and customer service.

1. Diverse Product Range: Terex is a global manufacturer that offers a wide range of products including construction, mining, and material handling equipment, cranes, aerial work platforms, and road building machinery.
2. Global Reach: Terex has a global presence with operations in over 50 countries and a dealer network spanning across more than 100 countries. This extensive reach allows the company to serve a diverse range of customers and markets.
3. Innovative Technology: Terex is known for its continuous focus on research and development, resulting in innovative products and solutions. The company invests heavily in advanced technology to improve the safety, productivity, and efficiency of its equipment.
4. Strong Brand Portfolio: Terex has a strong brand portfolio that includes well-known names such as Genie, Terex Finlay, Terex Minerals Processing Systems, and Demag Cranes. These brands have a long-standing reputation for quality and reliability.
5. Customer-Centric Approach: The company is committed to providing excellent and personalized customer service. This customer-centric approach has helped Terex establish long-term relationships with its customers and build a loyal customer base.
6. Commitment to Sustainability: Terex is committed to sustainability and has set ambitious environmental goals and strategies to reduce its carbon footprint and promote sustainable practices in its operations.
7. Employee Development: Terex places a strong emphasis on employee development and well-being. The company offers training programs and career development opportunities to enhance employee skills and promote career growth.
8. Strong Financial Performance: Despite being a relatively young company, Terex has achieved consistent financial growth and profitability. This solid financial performance is a testament to the company's strong management and market leadership.
9. Corporate Social Responsibility: Terex is dedicated to providing support and resources to the communities in which it operates. The company's corporate social responsibility initiatives focus on promoting education, health, and safety in these communities.
10. Award-Winning: Terex has received numerous awards and recognition for its products, services, and commitment to excellence. These include several Industry Awards, Design Awards, and Innovation Awards.

The Terex company's business model is primarily focused on manufacturing and selling equipment for industries such as construction, mining, and transportation. This includes a wide range of products such as cranes, aerial work platforms, utility trucks, material handling equipment, and crushing and screening machinery.
In addition, Terex also offers aftermarket support services such as parts, service, and financing to its customers. The company's business model is based on providing high-quality, reliable products and services to its global customer base, while also continuously investing in technological innovation and expanding its product portfolio to meet evolving market demands.
Terex operates through five business segments: Aerial Work Platforms, Material Processing, Cranes, Utilities, and Concrete. The company's diversified business operations allow it to serve a variety of industries and customers around the world, providing stability and growth opportunities.
Terex also emphasizes sustainable and ethical business practices, including a focus on environmental responsibility, health and safety, and social responsibility. These values are integrated into the company's operations and decision-making processes, reinforcing its commitment to long-term success and positive impact.

- The company was originally named Euclid Road Machinery Company, but was founded in 1934 as a division of General Motors to produce Euclid trucks.
- In 1956, the company relocated to the city of Terex in Northern Scotland, and changed its name to Terex Corporation.
- Terex Corporation was acquired by General Motors in 1968 and became part of its Ingersoll Rand division.
- In 1992, the company underwent a major restructuring and began divesting its non-core businesses, focusing solely on construction and mining equipment.
- In 2001, the company acquired heavy equipment manufacturer Demag Mobile Cranes, expanding its product line to include cranes and material handling equipment.
- The company’s logo is a stylized version of a three-wheeled road roller, which was the company’s first product.
- Terex Corporation has a history of making acquisitions and increasing its global presence. As of 2021, the company had operations in over 50 countries and annual revenues of over $9 billion.
- In 2008, the company was ranked as the 59th largest corporation in the world by Forbes Global 2000.
- Terex Corporation has a strong focus on sustainability, implementing environmentally friendly practices in its manufacturing processes and offering equipment with lower emissions.
- The company’s name is derived from the Latin word terra, meaning earth, and the letter x, which is often used to represent an unknown quantity or variable. The combination is meant to symbolize the company’s versatility and adaptability in the construction industry.
See Company Due Diligence: