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United States

Profile: Terex Corp (TEX.N)

TEX.N on New York Stock Exchange

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29 Jul 2016
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Terex Corporation, incorporated on October 30, 1986, is a lifting and material handling solutions company. The Company is focused on 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 through five segments: Aerial Work Platforms (AWP), Construction, Cranes, Material Handling & Port Solutions (MHPS), and Materials Processing (MP). Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world.

Aerial Work Platforms

The Company's 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.

The AWP segment 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 outsourced facilities.

The Company competes with Oshkosh, Vestil, Sumner, Wesco, Haulotte, Linamar, Xtreme/Tanfield, Aichi, Manitou, JCB, CNH, Merlo, Allmand Bros., Generac, Wacker Neuson and Doosan.

Construction

The Company's Construction segment designs, manufactures and markets over two primary categories of construction equipment and their related components, and replacement parts: compact construction equipment, including loader backhoes, mini and midi excavators, wheeled excavators, site dumpers, compaction rollers and wheel loaders, and specialty equipment, including material handlers, concrete mixer trucks and concrete pavers. 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 historic brand names.

The Construction segment 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, which are manufactured in Coventry, England; a range of wheel loaders, wheeled excavators and mini, mobile, and midi excavators, which are manufactured in Crailsheim, Germany, and loader backhoes and skid steer loaders, which are manufactured in Greater Noida, Uttar Pradesh, India for markets in India and neighboring countries. The specialty equipment includes material handlers, which are manufactured in Bad Schonborn, Germany; concrete pavers, which are manufactured in Canton, South Dakota, and Front and rear discharge concrete mixer trucks, which are manufactured in Fort Wayne, Indiana. The Construction segment's Americas distribution center is in Southaven, Mississippi and serves as a machine and parts center for Construction and other Terex operations.

The Competes with Liebherr, Sennebogen, Linkbelt, Exodus, Caterpillar, Volvo, Kubota, Kawasaki, John Deere, Komatsu, Hitachi, CNH, Doosan, JCB, Mahindra, Yanmar, Takeuchi, IHI, Neuson, Wacker Neuson, Thwaites, AUSA, Bomag, Hamm, Ammann, Gomaco, Wirtgen, Power Curbers, Guntert & Zimmerman, Oshkosh, Kimble and Continental Manufacturing.

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.

The Cranes segment has manufacturing operations, including rough terrain cranes, which are manufactured in Crespellano, Italy and Waverly, Iowa; all-terrain cranes, which are manufactured in Montceau-les-Mines, France, Zweibrucken and Bierbach-Homburg, Germany; truck cranes, which are manufactured in Waverly, Iowa; truck-mounted cranes are manufactured in Waverly, Iowa; tower cranes, which are manufactured in Fontanafredda, Italy; lattice boom crawler cranes, which are manufactured in Oklahoma City, Oklahoma, Jinan, China, Zweibrucken and Bierbach-Homburg, Germany; pick and carry cranes are manufactured in Brisbane, Australia; lattice boom truck cranes, which are manufactured in Zweibrucken and Bierbach-Homburg, Germany; steel assemblies for cranes, which are manufactured in Bierbach-Homburg, Germany and Pecs, Hungary, and utility products, which 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 refurbishes aerial products in facilities located in Waco, Texas and Stockton, California.

The Company competes with Liebherr, Manitowoc, Tadano-Faun, Sumitomo, XCMG, Kato, Zoomlion, Sany, Comansa, Jaso, Wolffkran, Hitachi, Kobelco, Fushun, Altec and Time Manufacturing.

Material Handling & Port Solutions

The Company's 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.

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

The Company competes with Konecranes, Columbus McKinnon, ABUS, Kito, GH, OMIS, Liebherr, Konecranes, Cargotec, Zhenhua Port Machinery, Kunz, Hyster, Taylor, Dalian, CVS Ferrari, Sany, Zhenhua Port Machinery, Doosan, Hyundai, Mitsui Engineering & Shipbuilding, Samsung, Linde and Svetruck.

Materials Processing

The Company's 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 Powerscreen and CBI brand names and the Terex name in conjunction with certain brand names.

The MP segment has manufacturing operations, including mobile crushers, mobile screens and washing systems, which are manufactured in Omagh and Dungannon, Northern Ireland; mobile crushers, mobile screens, base crushers, base screens and washing systems, which are manufactured in Hosur, India, primarily for the Indian market; base crushers and base screens, which are manufactured in Subang Jaya, Malaysia and Oklahoma City, Oklahoma; screening equipment, which is manufactured in Durand, Michigan; base crushers are manufactured in Coalville, England, and wood processing, biomass and recycling equipment systems, which are manufactured in Newton, New Hampshire, Haid bei, Austria and Dungannon, Northern Ireland. It has a North American distribution center in Louisville, Kentucky and service centers in Australia, Thailand and Turkey.

The Company competes with Metso, Astec Industries, Sandvik, McCloskey, Komatsu, Kleemann, McLanahan, CDE Global, Vermeer, Bandit, Doppstadt, Komptech and Hammell.

Company Address

Terex Corp

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

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