Terex Corp - Company Profile
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Business Description
Terex Corp (Terex) manufacturer of materials processing machinery and aerial work platforms. The company designs, builds, and supports products used in maintenance, manufacturing, minerals and materials management, energy, recycling, and construction applications. It assists customers through all stages of the product lifecycle, from initial specification and financing to parts and service support.
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R&D Overview
The R&D arm focuses on engineering products for developing markets by translating equipment technology from developed markets. The company has established competency centers that support entire segments from single locations in fields such as control systems. The engineering center in India supports global engineering teams through new product design, existing product design improvement, and development of products for local markets. The company focuses on delivering customer-responsive solutions, growing in developing markets, complying with evolving regulatory standards, and applying lean manufacturing principles. In FY2024, the company incurred expenses of US$25 million on R&D, which as a percentage stood at 0.5%.
Business Segments
- Aerial Work Platforms (AWP)
- Materials Processing (MP)
- Aerial Work Platforms (AWPr)
- Environmental Solution Group (ESG)
Performance
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Overview
Designs, manufactures, and markets materials processing and specialty equipment. Offers crushers, screens, material handlers, trommels, apron feeders, washing systems, cranes, wood processing, biomass and recycling equipment, conveyors, concrete mixer trucks and concrete pavers, and replacement parts. Its products are used in construction, quarrying and mining applications, infrastructure and recycling projects, landscaping and biomass production industries, material handling applications, and maintenance applications. Markets products under Terex, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, Powerscreen, Fuchs, EvoQuip, ZenRobotics, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, MARCO, Terex Washing Systems, Terex MPS, and Terex Recycling Systems brand names.
Performance
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Overview
Designs, manufactures, and markets aerial work platform equipment, utility equipment and telehandlers. Product portfolio includes utility products equipment, self-propelled articulating, portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, telehandlers, and telescopic booms, scissor lifts, and trailer-mounted light towers. Markets products under Terex and Genie brands. Customers use these products to construct and maintain industrial, institutional, commercial, and residential buildings and facilities, and in infrastructure projects.
Overview
Designs, manufactures, services and markets waste and recycling equipment and solutions, including refuse collection bodies, hydraulic cart lifters, automated carry cans, compaction, balers and recycling equipment, cameras with integrated smart technology, as well as related components and replacement parts, and waste hauler software solutions.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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