Profile: Terex Corp (TEX.N)

TEX.N on New York Stock Exchange

23.11USD
2 Jul 2015
Change (% chg)

$0.56 (+2.48%)
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$22.55
Open
$23.10
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$23.73
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$22.90
Volume
504,443
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418,994
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$42.50
52-wk Low
$22.01

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Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.

Aerial Work Platforms

The Company’s Aerial Work Platforms (AWP) segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. The products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers and trailer-mounted light towers, as well as their related components and replacement parts. Its customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a range of infrastructure projects. It markets aerial work platform products under the Terex and Genie brand names.

AWP has manufacturing operations, including aerial work platform equipment, which is manufactured in Redmond and Moses Lake, Washington, Rock Hill, South Carolina, Umbertide, Italy, Coventry, England and Changzhou, China; telehandlers, which are manufactured in Moses Lake, Washington, Oklahoma City, Oklahoma and Umbertide, Italy, and trailer-mounted light towers, which are manufactured in Rock Hill, South Carolina. It has parts and logistics center located in North Bend, Washington for its aerial work platform equipment. Additionally, a portion of its aerial work platform parts business is conducted at a shared Terex facility in Southaven, Mississippi. Its European parts and logistics operations are conducted through an out-sourced facility in Roosendaal, The Netherlands.

Construction

The Company’s Construction segment designs, manufactures and markets two primary categories of construction equipment and their related components and replacement parts. The customers use these products in construction and infrastructure projects, in building roads, bridges, residential and commercial buildings, industrial sites and for material handling applications. It markets its Construction products under the Terex brand name, and for certain products, the Terex name in conjunction with certain brand names.

Construction has manufacturing operations, including compact construction equipment and specialty equipment. The compact construction equipment includes Site dumpers, compaction rollers and loader backhoes, as well as certain products for its AWP segment, are manufactured in Coventry, England; a range of wheel loaders, wheeled excavators and mini, mobile, and midi excavators are manufactured in Crailsheim, Germany and loader backhoes and skid steer loaders are manufactured in Greater Noida, Uttar Pradesh, India for markets in India and neighboring countries. The specialty equipment includes material handlers are manufactured in Bad Schönborn, Germany; concrete pavers are manufactured in Canton, South Dakota and Front and rear discharge concrete mixer trucks are manufactured in Fort Wayne, Indiana. The Construction’s Americas distribution center is in Southaven, Mississippi and serves as a machine and parts center for Construction and other Terex operations.

Cranes

The Company’s Cranes segment designs, manufactures, services, refurbishes 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. The customers use these products primarily 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 range of infrastructure projects. It markets its Cranes products under the Terex brand name.

Cranes has manufacturing operations, including rough terrain cranes are manufactured in Crespellano, Italy and Waverly, Iowa; all-terrain cranes are manufactured in Montceau-les-Mines, France, Zweibrücken and Bierbach-Homburg, Germany; truck cranes are manufactured in Montceau-les-Mines, France and Waverly, Iowa; truck-mounted cranes are manufactured in Montceau-les-Mines, France and Waverly, Iowa; tower cranes are manufactured in Fontanafredda, Italy; lattice boom crawler cranes are manufactured in Oklahoma City, Oklahoma, Jinan, China, Zweibrücken and Bierbach-Homburg, Germany; pick and carry cranes are manufactured in Brisbane, Australia; lattice boom truck cranes are manufactured in Zweibrücken and Bierbach-Homburg, Germany; steel assemblies for cranes are manufactured in Bierbach-Homburg, Germany and Pecs, Hungary, and utility products are manufactured in Watertown and Huron, South Dakota, Fort Wayne, Indiana, Betim, Brazil and Jinan, China. It also provides service and support for industrial cranes and aerial products in North America and refurbish aerial products in facilities located in Waco, Texas and Stockton, California.

Material Handling & Port Solutions

The Company’s Material Handling & Port Solutions (MHPS) segment designs, manufactures, services and markets industrial cranes, including universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components, as well as a portfolio of port and rail equipment, including mobile harbor cranes, straddle and sprinter carriers, rubber tired gantry cranes, rail mounted gantry cranes, ship-to-shore gantry cranes, reach stackers, empty container handlers, full container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles and terminal automation technology, including software, as well as their related components and replacement parts. The customers use these products for lifting and material handling at manufacturing, port and rail facilities. Its MHPS segment also operates sales and service network. It markets its MHPS products under the Terex and Demag brand names and the Terex name in conjunction with the Gottwald brand name.

MHPS has manufacturing operations, including Universal cranes are manufactured in Luisenthal, Germany, Banbury, the United Kingdom, Milan, Italy, Solon, Ohio, Cotia, Brazil, Boksburg, South Africa, Chakan, India and Shanghai, China; process cranes are manufactured in Slany, Czech Republic, Banbury, UK, Solon, Ohio, Boksburg, South Africa, Chakan, India, Shanghai, China and Cotia, Brazil; rope and chain hoists are manufactured in Wetter an der Ruhr, Germany, Shanghai, China, Milan, Italy and Cotia, Brazil; electric motors are manufactured in Uslar, Germany; light crane systems are manufactured in Shanghai, China, Cotia, Brazil, Chakan, India and Wetter an der Ruhr, Germany; mobile harbor cranes are manufactured in Düsseldorf, Germany and Xiamen, China; automated stacking cranes and automated guided vehicles are manufactured in Düsseldorf, Germany; rubber tired gantry cranes, rail mounted gantry cranes, ship-to-shore gantry cranes, reach stackers, empty container handlers and other material handling equipment are manufactured in Xiamen, China; reach stackers are manufactured in Montceau-les-Mines, France; straddle and sprinter carriers are manufactured in Würzburg, Germany and empty container handlers, full container handlers and general cargo lift trucks are manufactured in Lentigione, Italy. It offers a range of services for cranes and lifting equipment, port management software and logistics solutions.

Materials Processing

The Company’s Materials Processing (MP) segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, biomass and hand-fed chippers and their related components and replacement parts. The customers use these products in construction, infrastructure and recycling projects, in various quarrying and mining applications, as well as in landscaping and biomass production industries. It markets its MP products under the Terex and Powerscreen brand names and the Terex name in conjunction with certain brand names.

MP has manufacturing operations, including mobile crushers, mobile screens and washing systems are manufactured in Omagh and Dungannon, Northern Ireland; mobile crushers, mobile screens, base crushers, base screens and washing systems are manufactured in Hosur, India, primarily for the Indian market; base crushers and base screens are manufactured in Subang Jaya, Malaysia and Oklahoma City, Oklahoma; screening equipment is manufactured in Durand, Michigan; base crushers are manufactured in Coalville, England and hand-fed chippers and drum-style trailer-mounted and tracked biomass chippers are manufactured in Farwell, Michigan. It has a North American distribution center in Louisville, Kentucky and service centers in Australia, Thailand and Turkey.

The Company competes with Oshkosh, Vestil, Sumner, Wesco, Haulotte, Linamar, Xtreme/Tanfield, Aichi, Manitou, JCB, CNH, Merlo, Allmand Bros., Generac, Wacker Neuson, Doosan, Liebherr, Sennebogen, Linkbelt, Exodus, Caterpillar, Volvo, Kubota, Kawasaki, John Deere, Komatsu, Hitachi, Mahindra, Yanmar, Takeuchi, IHI, Thwaites, AUSA, Bomag, Hamm, Ammann, Gomaco, Wirtgen, Power Curbers, Guntert & Zimmerman, Kimble, Continental Manufacturing, Manitowoc, Tadano-Faun, Sumitomo, XCMG, Kato, Zoomlion, Sany, Comansa, Jaso, Wolffkran, Kobelco, Fushun, Altec, Time Manufacturing, Konecranes, Columbus McKinnon, ABUS, Kito, GH, OMIS, Cargotec, Zhenua Port Machinery, Künz, Hyster, Taylor, Dalian, CVS Ferrari, Hyundai, Mitsui Engineering & Shipbuilding, Samsung, Linde, Svetruck, Metso, Astec Industries, Sandvik, McCloskey, Kleemann, McLanahan, CDE Global, GreyStone, Vermeer, Bandit and Morbark.

Company Address

Terex Corp

200 Nyala Farms Rd
WESTPORT   CT   06880-6265
P: +1203.2227170
F: +1203.2227976

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