Full Description

Terex Corporation (Terex), incorporated in October 1986, is a diversified global manufacturer of capital equipment focused on delivering reliable, customer relevant solutions for the construction, infrastructure, quarrying, surface mining, shipping, transportation, refining and utility industries. The Company operates in five segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining and Terex Roadbuilding, Utility Products and Other. On March 3, 2008, the Company completed the acquisition of ASV Inc. In July 2009, Terex completed the acquisition of the port equipment businesses of Fantuzzi Industries S.a.r.l and Noell Crane.

Terex Aerial Work Platforms

Terex Aerial Work Platforms segment designs, manufactures and markets aerial work platform equipment, telehandlers, light construction equipment and construction trailers. Products include material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers, construction trailers, trailer-mounted light towers, concrete finishing equipment, power buggies, generators, related components and replacement parts, and other products. The Company markets its Aerial Work Platforms products principally under the Terex and Genie brand names and the Terex name in conjunction name in conjunction with certain historic brand names.

Aerial Work Platforms has four manufacturing operations: Aerial work platform equipment is manufactured in Redmond and Moses Lake, Washington; Construction trailers are manufactured in Elk Point, South Dakota; Telehandlers are manufactured in Baraga, Michigan; Redmond, Washington and Perugia, Italy, and Trailer-mounted light towers, concrete finishing equipment, power buggies and generators are manufactured in Rock Hill, South Carolina. The Company has aerial work platform refurbishment facilities located in Waco, Texas and Modesto, California.

The Company competes with Oshkosh (JLG), Haulotte, Linamar (Skyjack), Tanfield (Snorkel and Upright), Aichi, Trail King, Talbert, Fontaine, Rogers, Etnyre, Ranco, Clement, CPS, Oshkosh (JLG, Skytrak, Caterpillar, Gradall and Lull brands), JCB, CNH, Merlo and Manitou (Gehl), Allmand Bros., Magnum and Doosan (Ingersoll-Rand), Multiquip and Stone, Doosan (Ingersoll-Rand), Multiquip, Magnum, Wacker and Caterpillar.

Terex Construction

The Company’s Construction segment designs, manufactures and markets two primary categories of construction equipment and their related components and replacement parts, which include heavy construction equipment, including off-highway trucks, scrapers, hydraulic excavators, large wheel loaders, material handlers and compact construction equipment, including loader backhoes, truck-mounted articulated hydraulic cranes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders and wheel loaders. Construction, forestry, rental, mining, industrial and government customers use these products in construction and infrastructure projects and in coal, minerals, sand and gravel operations.

The Company competes with Volvo, Caterpillar, Moxy, John Deere, Bell, Komatsu, HIAB, HMF, Effer, Fassi, Liebherr, Sennebogen, Kubota, Kawasaki, Liebherr, JCB, Doosan (Ingersoll-Rand), Bomag, Amman, Dynapac, Hamm, Doosan (Bobcat), Takeuchi, IHI, CNH, Neuson, Kubota, Hitachi, Yanmar, Thwaites and AUSA.

Terex Cranes

The Company’s Cranes segment designs, manufactures and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, truck mounted cranes (boom trucks) and telescopic container stackers, as well as their related replacement parts and components. These products are used primarily for construction, repair and maintenance of infrastructure, building and manufacturing facilities. The Company markets its Cranes products principally under the Terex brand name and the TEREX name in conjunction with certain historic brand names.

The Company competes with Liebherr, Manitowoc (Grove) , Tadano-Faun, Sumitomo Link-Belt, Kato, XCMG, Sany, Liebherr Manitowoc , (Potain) Comansa, MAN Wolff, Manitowoc, Hitachi, Kobelco, Manitowoc (National Crane), Palfinger, Hiab, Altec, Fassi, Manitex, PM, Kalmar, SMV, CVS Ferrari, Fantuzzi and Linde.

Terex Materials Processing & Minning

The Company’s Materials Processing & Mining segment designs, manufactures and markets materials processing equipment , (including crushers, impactors, washing systems and feeders), hydraulic mining excavators, highwall mining equipment, high capacity surface mining trucks, drilling equipment, related components and replacement parts, and other products. Construction, mining, quarrying and government customers use these products in construction and commodity mining. The Company markets its Materials Processing & Mining products principally under the Terex and Powerscreen brand names and the TEREXname in conjunction with certain historic brand names.

The Company owns a controlling 50% interest in Terex NHL Equipment Co., Ltd., a company, which was formed to provide manufacturing capability for surface mining trucks in China. The Company also participates in joint ventures in China under the names Wieland International Trading (Shanghai) Co. Ltd. and Shanghai Wieland Engineering Co. Ltd., which manufacture replacement and wear parts for crushing equipment.

The Company competes with Hitachi,Komatsu, Liebherr, Caterpillar, Euclid/Hitachi, Sandvik, ICG Addcar Systems, American Highwall Systems, Atlas Copco, Furukawa, Altec, Metso, Astec Industries, Sandvik, Komatsu, Deister Machine, and McClusky Brothers.

Terex Roadbuilding, Utility Products and Other

The Company’s Roadbuilding, Utility Products and Other segment designs, manufactures and markets asphalt and concrete equipment (including pavers, transfer devices, plants, mixers, reclaimers, stabilizers, placers and cold planers), landfill compactors, and utility equipment (including digger derricks, aerial devices and cable placers), as well as related components and replacement parts. Government, utility, infrastructure and construction customers use these products to build roads and bridges, construct and maintain utility lines, trim trees, and for other commercial operations. It markets its Roadbuilding, Utility Products and Other products principally under the Terex brand name and Terex name in conjunction with certain historic brand names.

The Company also owns much of the North American distribution channel for the utility products group. These operations sell, service and rent its utility aerial devices and digger derricks as well as other products that service the utility industry. They also provide parts and service support for a variety of other Terex products, including concrete mixers and aerial devices. It also operates a fleet of rental utility products in the United States and Canada. It also assist customers in their rental, leasing and acquisition its products. It facilitates loans and leases between its customers and various financial institutions under the name Terex Financial Services (TFS) in the United States, Europe and elsewhere.

The Company competes with Volvo (Blaw-Knox), Fayat (Bomag), Caterpillar, Wirtgen (Ciber), Atlas Copco (Dynapac), Astec (Roadtec) and Wirtgen (Vogele), Astec Industries, Gencor Corporation, All-Mix, Ciber, ADM, Moog USA and Barin, Con-E-Co, Erie Strayer, Helco, Hagen, Stephens, Gomaco, Wirtgen, Power Curbers, Guntert, Zimmerman, McNeilus, Oshkosh, London, Continental Manufacturing, Al-Jon, Altec and Time Manufacturing.