Terex Corporation's asset
Terex Corporation

@terex.com

Global manufacturer of lifting and material processing products and services delivering lifecycle solutions that maximize customer return on investment.

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About

Description

Terex Corporation is a multinational company based in the United States that specializes in manufacturing and selling heavy machinery. The company was founded in 1933 as a small machinery repair shop in Minnesota. Over the years, it has grown to become a global player in the construction, infrastructure, mining, and transportation industries.


The company's headquarters is located in Westport, Connecticut. The Terex corporate campus spans over 50 acres and serves as the hub for the company's global operations. It houses administration, research and development, engineering, and other support functions.


Terex Corporation offers a wide range of products and services to its global customers. Its main product lines include cranes, aerial work platforms, material handling solutions, and crushing and screening equipment. The company's equipment is used in various applications, such as construction projects, infrastructure development, industrial processes, and mining operations.


On a global scale, Terex Corporation operates through numerous subsidiaries, joint ventures, and partnerships. Some of its noteworthy subsidiaries include Genie, a leading manufacturer of aerial work platforms, and Powerscreen, a renowned brand in the crushing and screening industry. These subsidiaries help Terex expand its product offerings and capture market share in different regions.


In terms of market position, Terex Corporation is a prominent player in the heavy machinery industry. The company has a strong global presence and has established a reputation for providing high-quality equipment. It competes with industry giants such as Caterpillar, Komatsu, and Liebherr.


Despite fierce competition, Terex has managed to maintain its market share by offering innovative products and excellent customer service. Throughout its history, Terex Corporation has experienced significant events and achievements. In 1995, the company became publicly traded on the New York Stock Exchange.


It has also made several strategic acquisitions and divestitures to strengthen its product portfolio and streamline operations. As of the latest available information, Terex Corporation continues to be a leading player in the heavy machinery industry. The company focuses on innovation, sustainability, and customer satisfaction to maintain its market position.


By constantly adapting to the changing market demands, Terex Corporation remains a trusted name in the global heavy machinery market

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1933

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