Terex Corp was incorporated in Delaware in October 1986 as Terex U.S.A., Inc. The Company is a lifting and material handling solutions company. It is engaged in delivering reliable, customer-driven solutions for a range of commercial applications including construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. It has five business segments Aerial Work Platforms; Construction; Cranes; Material Handling & Port Solutions; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers, light towers and bridge inspection equipment. Products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers, trailer-mounted light towers and bridge inspection equipment as well as their related components and replacement parts. The Construction segment designs, manufactures and markets two categories of construction equipment and their related components and replacement parts: Compact construction equipment, including loader backhoes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders and wheel loaders; and specialty equipment, including material handlers, concrete mixer trucks and concrete pavers. Customers use these products in construction and infrastructure projects, in building roads, bridges, homes, industrial sites and for material handling applications. The Cranes segment designs, manufactures, services 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 for construction, repair and maintenance of commercial buildings, manufacturing facilities, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications and a wide range of infrastructure projects including in the energy sector. The Materials Processing segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, chippers and related components and replacement parts. Customers use its MP products in construction, infrastructure and recycling projects, in various quarrying and mining applications, as well as in landscaping and biomass production industries. The Company competes with other manufacturers based on factors, particularly price, performance and product reliability. It uses several trademarks and trade names, notably the Terex, Genie, Demag and Powerscreen trademarks. It is subject to federal, state, local and foreign environmental laws and regulations.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.