Terex Corporation operates as a lifting and material handling solutions company. The company focuses on delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy, and utility industries. Business Strategy The company’s strategy is to exceed the performance of competitors in providing equipment that goes to work and stays at work, backed by world-class parts and service support; and focused in specific geographies, but most operate in global industries that require global presence. Segments The company reports in five business segments, including Aerial Work Platforms (AWP); Cranes; Material Handling & Port Solutions (MHPS); Materials Processing (MP); and Construction. AWP This segment designs, manufactures, services and markets AWP equipment, telehandlers and light towers. Products include portable material lifts, portable AWP, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers and trailer-mounted light towers, as well as their related components and replacement parts. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a range of infrastructure projects. The company markets AWP products principally under the Terex and Genie brand names. AWP: The company’s portable material lifts are used primarily indoors in the construction, industrial and theatrical markets; portable AWP are used primarily indoors in various markets to perform overhead maintenance; and trailer-mounted articulating booms are used both indoors and outdoors. The company’s articulating booms are primarily used in construction and industrial applications, both indoors and outdoors; telescopic booms are used outdoors in commercial and industrial construction, as well as highway and bridge maintenance projects; and scissor lifts are used in outdoor and indoor applications in various construction, industrial and commercial settings. Telehandlers: Telehandlers move and place materials on residential and commercial construction sites and are used in the energy and infrastructure industries. Light Towers: Trailer-mounted light towers are used primarily to light work areas for construction, entertainment, emergency assistance and security during nighttime or low light applications. Cranes This segment designs, manufactures, services, refurbishes and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, utility equipment and truck-mounted cranes (boom trucks), as well as their related components and replacement parts. Customers use these products primarily for construction, repair and maintenance of commercial buildings, manufacturing facilities, energy related projects, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications and a range of infrastructure projects. The company markets its Cranes products principally under the Terex brand name. The company has a minority interest in a Chinese company, which manufactures truck cranes and truck-mounted cranes in China. The company also provides service and support for industrial cranes and aerial products in North America and refurbishes aerial products in facilities located in Waco, Texas and Stockton, California. Mobile Telescopic Cranes: Mobile telescopic cranes are used primarily for industrial applications, in commercial and public works construction, and in maintenance applications to lift equipment or material. The company offers a line of mobile telescopic cranes, including rough terrain cranes, truck cranes, all terrain cranes and pick and carry cranes. Rough terrain cranes move materials and equipment on rugged or uneven terrain and are often located on a single construction or work site for long periods. Rough terrain cranes cannot be driven on highways and accordingly must be transported by truck to the work site. Truck cranes have two cabs and c
terex corp (TXG:Berlin)
200 Nyala Farm Road
Westport, CT 06880
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