TEREX CORPORATION - company history
Terex Corporation is a diversified global manufacturer with four commercial segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing. Terex Corporation manufactures a wide range of equipment used in a variety of industries, including construction, infrastructure, quarrying, mining, shipping, transportation, energy, processing, and utilities. The five main segments of the construction market that Terex covers are Terex Aerial Work Platforms, Terex Construction, Terex Cranes, Terex Materials Processing & Mining, Road Construction and appliances (Terex Roadbuilding), household equipment (Utility Products).
The first Terex hydraulic excavator was produced in 1961.
It should be noted that Terex is a franchised brand. This means that many of the franchisees' trademarks are converted to the Terex brand under the freicance agreement. In some cases, during a transition period, the franchisee's brand may be combined with the Terex brand when product labeling occurs. Currently, products are manufactured primarily under the Terex brand, as well as under the following brands: Genie, Terex Cedarapids, Terex Jaques, Loegering, Terex Comedil, Terex Peiner, Powerscreen, Terex Demag, Terex PPM, Terex American, Terex Finlay, Terex Roadbuilding, Terex Bendini, Terex Franna, Terex Simplicity, Terex Bid-Well, Terex Fuchs, Terex Telelect, Terex Canica, Terex Hydra Platforms.
Historic Terex brands include Terex Advance, Terex American Truck Company, Terex Amida, Terex ASV, Terex Atlas, Terex Bartell, Terex Benford, Terex Cifali, Terex CMI, Terex Fermec, Terex Halco, Terex Johnson-Ross, Terex Load King, Terex Morrison, Terex Muller, Terex O&K, Terex Reedrill, Terex Schaeff, Terex SHM, Terex Unit Rig, Terex | Standard Havens.
During the global financial crisis that began in late 2008, Terex management announced that it was diversifying its operations and moving beyond the construction machinery segment. In early 2010, the Terex Atlas line of construction equipment was sold to Atlas Maschinen GmbH, and the mining equipment division (including Terex mining excavators) to Bucyrus.