Terex Corp (Terex) is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. The company designs, manufactures, and supports products used in maintenance, manufacturing, energy, waste and recycling, minerals and materials management, construction, and the entertainment industry. Terex provides lifecycle support through its global parts and services network and offers complementary digital solutions. The company engages with customers throughout the product lifecycle, from initial equipment specification and acquisition support to parts, service, maintenance, and refurbishment. Its products are manufactured across North America, Europe, and Asia Pacific and are sold worldwide.

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The company’s research, development, and engineering efforts focus on expanding existing product lines, creating new applications, improving product performance, reducing manufacturing costs, and meeting evolving customer requirements. R&D activities are aligned with customer-responsive innovation, growth in developing markets, regulatory compliance, and lean manufacturing initiatives. Terex also develops technologies tailored for emerging markets through engineering teams in India and China that adapt proven equipment designs to local customer needs and operating conditions. The company is actively developing alternative power solutions across its equipment portfolio, including battery-electric, fuel-electric hybrid, and plug-in hybrid technologies. Terex also collaborates with technology companies and universities to evaluate future low-carbon and zero carbon energy solutions. Innovations include all-electric utility bucket trucks, electric and hybrid Genie aerial lifts, electrically powered crushers and sceens, and hybrid utility aerial devices and mixer trucks. The company owns numerous patents and proprietary technologies used throughout its products, although management notes that no single patent portfolio is material to overall business performance. Terex trademarks include Terex, Genie, Powerscreen, Fuchs, and Heil. In FY2025, the company incurred expenses of US$39 million on R&D, which as a percentage stood at 0.7%.