Terex is a diversified global manufacturer of capital equipment focused on
delivering reliable, customer relevant solutions for the construction, infrastructure,
quarry, mining, shipping, transportation, refining and utility industries. The
Company operates in five business segments: (I) Terex Construction, (II) Terex
Cranes, (III) Terex Aerial Work Platforms, (IV) Terex Materials Processing &
Mining and (V) Terex Roadbuilding, Utility Products and Other. The Company remains
focused on delivering products that are reliable and cost-effective and producing
equipment that improves its customers’ return on invested capital. The
Company’s products are manufactured at plants in North America, Europe,
Australia, Asia and South America, and are sold primarily through dealers and
distributors worldwide.
The Company was originally incorporated in Delaware in October 1986 as Terex
U.S.A., Inc. The Company has grown a tremendous amount in this time. Historically,
much of this growth was achieved through acquisitions. More recently, most of
this growth has been achieved organically.
The Company continues to focus on integrating the various companies it has
acquired over the past ten years. In the past, the Company has operated in a
decentralized manner. However, the Company has increasingly coordinated its
operations in an effort to position itself to improve and streamline its business.
Terex is moving towards a unified operating company, one which combines the
strengths of many different people, products and technology under one global
umbrella. The Company has concentrated on improving its financial reporting
and will continue to focus on integrating other aspects of the Company’s
business as well.
TEREX CONSTRUCTION
HEAVY CONSTRUCTION EQUIPMENT. Terex Construction manufactures and/or markets
off-highway trucks, scrapers, excavators and wheel loaders used in earthmoving
applications, loading machines and truck mounted articulated hydraulic cranes.
Articulated off-highway trucks are three-axle, six-wheel drive machines with
a capacity range of 25 to 40 tons. An oscillating connection between the cab
and body allows the cab and body to move independently, enabling all six tires
to maintain ground contact for traction on rough terrain. This allows the truck
to move effectively through extremely rough or muddy off-road conditions. Articulated
off-highway trucks are typically used together with an excavator or wheel loader
to move dirt in connection with road, tunnel or other infrastructure construction
and commercial, industrial or major residential construction projects. Terex
articulated off-highway trucks are manufactured in Motherwell, Scotland, under
the brand name TEREX.
Rigid off-highway trucks are two-axle machines which generally have larger
capacities than articulated off-highway trucks, but can operate only on improved
or graded surfaces. The capacities of rigid off-highway trucks range from 35
to 100 tons, and are used in large construction or infrastructure projects,
aggregates and smaller surface mines. Terex’s rigid trucks are manufactured
in Motherwell, Scotland, under the TEREX brand name.
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Scrapers move dirt by elevating it from the ground to a bowl located between
the two axles of the machine. Scrapers are used most often in relatively dry,
flat terrains. Terex scrapers are manufactured in Motherwell, Scotland, under
the TEREX brand name.
Excavators are used for a wide variety of construction applications, including
non-residential construction (such as commercial sites and road construction)
and residential construction. These machines are crawler type excavators ranging
in size from 13 to 36 tons and wheeled type excavators ranging in size from
13.4 to 22.5 tons. Terex excavators are manufactured in Ganderkesee, Germany
and sold under the TEREX and TEREX|ATLAS brand names in Europe and are also
manufactured in China and sold under the TEREX and TEREX|ATLAS brand names in
Asia. Terex also markets excavators manufactured for Terex in South Korea that
are sold under the TEREX brand name in North America.
Wheel Loaders are used for loading and unloading materials. Applications include
mining and quarrying, non-residential construction, airport and industrial snow
removal, waste management and general construction. These machines range in
size from three to five cubic yards capacity, and are manufactured in Vechta,
Germany and are sold under the TEREX brand name in Europe. Terex also markets
wheel loaders manufactured for Terex in South Korea that are sold under the
TEREX brand name in North America.
Truck mounted articulated hydraulic cranes are available in two product categories,
each with a maximum reach of approximately 100 feet. The “knuckle boom”
crane can be mounted either on the front or the rear of commercial trucks which
are folded within the width of the truck while in transport. The “V-boom”
crane is also mounted on the front or the rear of the truck and spans the length
of the truck while folded. These machines are manufactured in Delmenhorst, Germany
under the TEREX and TEREX|ATLAS brand names.
Loading machines are designed for handling logs, scrap and other bulky materials
with clamshell, magnet or grapple attachments. There are stationary and mobile
models for loading barges and various operations in scrap, manufacturing and
materials handling. Terex produces loading machines ranging from 11 to 66 tons
at its facilities in Bad Schoenborn and Ganderkesee, Germany, under the TEREX,
TEREX|FUCHS and TEREX|ATLAS brand names.
COMPACT CONSTRUCTION EQUIPMENT. Terex Construction manufactures a wide variety
of compact construction equipment used primarily in the construction and rental
industries. Products include loader backhoes, compaction equipment, excavators,
loading machines, site dumpers, European telehandlers and wheel loaders.
Loader backhoes incorporate a front-end loader and rear excavator arm. They
are used for loading, excavating and lifting in many construction and agricultural
related applications. Terex offers four models of loader backhoes, ranging from
69 to 90 horsepower. Terex loader backhoes are currently manufactured under
the TEREX and TEREX|FERMEC brand names in Coventry, England.
Compaction equipment manufactured by Terex ranges from small portable plates
to heavy duty ride-on rollers. Single and reversible direction plates are used
in the compaction of trench backfill material, paths and driveways. A range
of tandem rollers from 1.5 to 10 tons covers larger applications, including
road formation, construction and asphalt surfacing. Self-propelled rollers from
6 to 12 tons are used in landfill site construction and on soil and sub-base
materials. Included in the range are sophisticated infrared trench compactors
that enable the operator to use the machine at a distance. Terex compaction
equipment is currently manufactured in Coventry, England, under the TEREX and
TEREX|BENFORD brand names.
Site dumpers are used to move smaller quantities of materials from one location
to another, and are primarily used for landscaping and concrete applications.
Terex offers a variety of two-wheel and four-wheel drive models. Site dumpers
are manufactured in Coventry, England, under the TEREX and TEREX|BENFORD brand
names.
Excavators in the compact equipment category include mini and midi excavators
used in the general construction, landscaping and rental businesses. Mini excavators
are crawler type excavators ranging in size from 1.5 to 5.5 tons. These machines
are equipped with either rubber or steel tracks. Midi excavators are manufactured
in a mobile (wheeled) version in the 6 to 11 ton sizes for the world market.
These excavators are commonly used for excavation and lifting in confined areas
in communities and rental businesses. Midi excavators are also manufactured
as crawler excavators in sizes between 5.5 and 12.5 tons. In the 6 to 12 ton
sizes, Terex offers standard steel tracks and optional rubber tracks. These
excavators are manufactured in Germany and China under the TEREX, TEREX|SCHAEFF
and TEREX|ATLAS brand names.
Wheel Loaders are used for loading and unloading materials. Due to the large
variety of attachments, these machines are also multi-equipment carriers used
not only in the field of construction but also in industrial, rental and landscaping
business. Terex wheel loaders are manufactured under the brand names of TEREX
and TEREX|SCHAEFF at its facilities in Crailsheim, Germany and Tianjin, China.
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Telehandlers are used to move and place materials on new residential and commercial
job sites. Terex Construction manufactures telehandlers with load capacities
of up to 13,200 pounds and with a maximum extended reach of up to 71 feet and
lift capabilities of up to 82 feet. Terex Construction also manufactures 360-degree
boom rotating telehandlers. These telehandlers are manufactured and marketed
under the TEREX and GENIE brand names at its facility in Perugia, Italy. For
information concerning the realignment of Terex’s European telehandlers
business effective January 1, 2006, see “Subsequent Segment Events”
above.
CRUSHING AND SCREENING EQUIPMENT. Crushing and screening equipment offered
by Terex Construction is used in the quarry, demolition and recycling industries.
Crushing and screening plants can be either stationary or portable. Portable
crushing and screening plants are configured with a variety of components to
provide easy site-to-site mobility, application versatility, flexible on-demand
finished product and reduced set-up time. For information concerning the realignment
of Terex’s crushing and screening group effective January 1, 2006, see
“Subsequent Segment Events” above.
Terex Construction manufactures a range of track-mounted jaw, impactor and
cone crushers as well as base crushers for integration within static plants
under the TEREX|PEGSON brand name in Coalville, England.
Jaw crushers are used mostly for primary applications at the quarry face or
on recycling duties. Models offered provide a range of capabilities from 100
- 500 tons per hour. Impactor crushers are used in quarries for primary and
secondary applications as well as on recycling. Generally they are more suitable
for larger reduction on materials with low to medium abrasiveness.
Cone crushers are used in secondary and tertiary applications to reduce a number
of materials, including quarry rock and riverbed gravel. High production, low
maintenance and enhanced final material cubicle shape are the principal features
of these compression-type roller bearing crushers.
Terex Construction manufactures screening equipment in Dungannon, Northern
Ireland and Omagh, Northern Ireland under the brand names POWERSCREEN and TEREX|FINLAY.
Dry screening is used to process materials such as sand, gravel, quarry rock,
coal, construction and demolition waste, soil, compost and wood chips.
Washing screens are used to separate, wash, scrub, dewater and stockpile sand
and gravel. Products manufactured by Terex Construction include a completely
mobile single chassis washing plant incorporating separation, washing, dewatering
and stockpiling, mobile and stationary screening rinsers, bucket-wheel dewaterers,
scrubbing devices for aggregate, a mobile cyclone for maximum retention of sand
particles, silt extraction systems, stockpiling conveyors and a sand screw system
as an alternative option to the bucket-wheel dewaterers.
Trommels are used in the recycling of construction and demolition waste materials,
as well as soil, compost and wood chips. Trommels incorporate conveyors and
variable speed fingertip control of the belts and rotating drum to separate
the various materials. Terex Construction manufactures a range of trommel and
soil shredding equipment. Trommels also are used to process construction and
demolition waste, as well as decasing, segmenting and processing empty bottles.
The soil shredding units are used mainly by landscape contractors and provide
a high specification end product.
TEREX CRANES
Terex Cranes offers a wide variety of cranes, including mobile telescopic cranes,
tower cranes, lattice boom crawler cranes, boom trucks and telescopic container
stackers.
MOBILE TELESCOPIC CRANES. Mobile telescopic cranes are used primarily for industrial
applications, in commercial and public works construction and in maintenance
applications, to lift equipment or material to heights in excess of 490 feet.
Terex Cranes offers a complete line of mobile telescopic cranes, including rough
terrain cranes, truck cranes, all terrain cranes, and lift and carry cranes.
Rough terrain cranes move materials and equipment on rough or uneven terrain,
and are often located on a single construction or work site such as a building
site, a highway or a utility project for long periods of time. Rough terrain
cranes cannot be driven on highways and accordingly must be transported by truck
to the work site. Terex offers rough terrain cranes with lifting capacities
ranging from 20 to 100 tons and maximum tip heights of up to 195 feet. Terex
manufactures its rough terrain cranes at its facilities located in Waverly,
Iowa, and Crespellano, Italy, under the brand names TEREX and TEREX|BENDINI.
Truck cranes have two cabs and can travel rapidly from job site to job site
at highway speeds. Truck cranes are often used for multiple local jobs, primarily
in urban or suburban areas. Truck cranes manufactured by Terex have maximum
lifting capacities of up to 90 tons and maximum tip heights of up to 202 feet.
Terex manufactures truck cranes at its Waverly, Iowa, facility under the brand
name TEREX.
All terrain cranes were developed in Europe as a cross between rough terrain
and truck cranes, and are designed to travel across both rough terrain and highways.
All terrain cranes manufactured by Terex have lifting capacities of up to 800
tons and maximum tip heights of up to 490 feet. Terex manufactures all terrain
cranes at its Montceau-les-Mines, France, and Zweibruecken and Wallerscheid,
Germany, facilities under the brand names TEREX, TEREX|PPM and TEREX|DEMAG.
Lift and carry cranes are designed primarily for site work, such as at mine
sites, big fabrication yards and building and construction sites. Terex offers
five models of lift and carry cranes with lifting capacities ranging from 11
to 22 tons. Lift and carry cranes are manufactured in Terex’s Brisbane,
Australia, facility under the brand name TEREX|FRANNA.
TOWER CRANES. Tower cranes are often used in urban areas where space is constrained
and in long-term or very high building sites. Tower cranes lift construction
material and place the material at the point where it is being used. They include
a vertical tower with a horizontal jib with a counterweight at the top (except
for self-erecting tower cranes where the counter weight is at the bottom and
the entire tower rotates). On the jib is a trolley through which runs a load
carrying cable and moves the load along the jib length. On larger cranes, the
operator is located above the work site where the tower and jib meet, providing
superior visibility. The jib also rotates 360 degrees, creating a large working
area equal to twice the jib length. Tower cranes are currently produced by Terex
in Fontanafredda and Milan, Italy, under the TEREX and TEREX|COMEDIL brand names
and in Zweibruecken, Germany and Wilmington, North Carolina, under the TEREX
and TEREX|PEINER brand names. Terex produces the following types of tower cranes:
Self-erecting tower cranes are trailer-mounted and unfold from four sections
(two for the tower and two for the jib); certain larger models have a telescopic
tower and folding jib. These cranes can be assembled on site in a few hours.
Applications include residential and small commercial construction. Crane heights
range from 58 to 106 feet and jib lengths from 52 to 131 feet.
Hammerhead tower cranes have a tower and a horizontal jib assembled from sections.
The tower extends above the jib to which suspension cables supporting the jib
are attached. These cranes are assembled on-site in one to three days depending
on height, and can increase in height with the project. They have a maximum
free-standing height of 250 to 300 feet and a maximum jib length of 240 feet.
Flat top tower cranes have a tower and a horizontal jib assembled from sections.
There is no A-frame above the jib, which reduces cost and facilities assembly.
The jib is self-supporting and consists of reinforced jib sections. These cranes
are assembled on site in one to two days, and can increase in height with the
project. They have a maximum freestanding height of 346 feet and a maximum jib
length of 279 feet.
Luffing jib tower cranes have a tower and an angled jib assembled from sections.
There is one A-frame above the jib to which suspension cables supporting the
jib are attached. Unlike other tower cranes, there is no trolley to control
lateral movement of the load, which is accomplished by changing the jib angle.
These cranes are assembled on site in two to three days, and can increase in
height with the project. They have a maximum freestanding height of 185 feet
and a maximum jib length of 200 feet. Luffing jib tower cranes operate like
a traditional lattice boom crane mounted on a tower.
LATTICE BOOM CRAWLER CRANES. Lattice boom crawler cranes are designed to lift
material on rough terrain and can maneuver while bearing a load. The boom is
made of tubular steel sections, which are transported to and erected, together
with the base unit, at a construction site.
Hydraulic lattice boom crawler cranes manufactured in Wilmington, North Carolina,
under the TEREX and AMERICAN brand names have lifting capacities from 50 to
275 tons. Larger crawler cranes manufactured in Zweibruecken, Germany, under
the TEREX and TEREX|DEMAG brand names have lifting capacities ranging from 300
to 1,750 tons.
TRUCK MOUNTED CRANES (BOOM TRUCKS). Terex Cranes manufactures telescopic boom
cranes for mounting on commercial truck chassis. Truck mounted cranes are used
primarily in the construction industry to lift equipment or materials to various
heights. Boom trucks are generally lighter and have less lifting capacity than
truck cranes, and are used for many of the same applications when lower lifting
capabilities are required. An advantage of a boom truck is that the equipment
or material to be lifted by the crane can be transported by the truck, which
can travel at highway speeds. Applications include the installation of air conditioners
and other roof equipment.
Telescopic truck mounted cranes enable an operator to reach heights of up to
163 feet and have a maximum lifting capacity of up to 35 tons. Terex manufactures
its telescopic truck mounted cranes at its Waverly, Iowa facility under the
brand name TEREX.
TELESCOPIC CONTAINER STACKERS. Telescopic container stackers are used to pick
up and stack containers at dock and terminal facilities. At the end of a telescopic
container stacker’s boom is a spreader which enables it to attach to containers
of varying lengths and weights and to rotate the container up to 280 (+95/-185)
degrees.
Telescopic container stackers manufactured by Terex have lifting capacities
up to 49.5 tons, can stack up to five full containers and are able to maneuver
through very narrow areas. Terex manufactures its telescopic container stackers
under the brand names TEREX and TEREX|PPM at its Montceau-les-Mines, France,
facility.
TEREX AERIAL WORK PLATFORMS
AERIAL WORK PLATFORMS. Aerial work platform equipment position workers and
materials easily and quickly to elevated work areas. These products have developed
over the past twenty years as alternatives to scaffolding and ladders. Terex
offers a variety of aerial lifts that are categorized into six product families:
material lifts; portable aerial work platforms; trailer-mounted articulating
booms; self-propelled articulating booms; and self-propelled telescopic booms;
and scissor lifts. All of these aerial lifts are manufactured under the brand
name GENIE in Redmond and Moses Lake, Washington.
Material lifts are used primarily indoors in the construction, industrial,
theatrical and home owner markets. They safely and easily lift up to 1,000 pounds
from ground level to heights of up to 26 feet.
Portable aerial work platforms are used primarily indoors in a variety of markets
to perform overhead maintenance. These aerial work platforms lift one or two
people to working heights of up to 46 feet. Most models will roll through a
standard doorway and can be transported in the back of a pick-up truck. Some
models are drivable when fully elevated.
Trailer-mounted articulating booms are used both indoors and outdoors, provide
versatile reach, and have the ability to be towed between job sites. Terex Aerial
Work Platforms trailer-mounted articulating booms have rated capacities of 500
pounds and a working height of up to 56 feet.
Self-propelled articulating booms are primarily used in construction and industrial
applications, both indoors and out. They feature lifting versatility with up,
out and over position capabilities to access difficult to reach overhead areas
that typically cannot be reached with a scissor lift or telescopic boom. Many
options are available, including: two- and four-wheel drive; rough terrain models;
narrow access models that roll through standard double doorways; gas/LPG, diesel,
electric, and hybrid capabilities. Models have working heights from 36 to 141
feet and horizontal reach up to 70 feet.
Self-propelled telescopic booms are used outdoors in commercial and industrial
construction and highway and bridge maintenance projects. Terex Aerial Work
Platforms telescopic booms offer working heights from 46 to 131 feet, articulated
jibs on some models, and options including two- and four-wheel drive, rough
terrain packages and multi-power capabilities.
Scissor lifts are used in outdoor and indoor applications in a variety of construction,
industrial and commercial settings. Terex Aerial Work Platforms scissor lifts
are offered in slab or rough terrain models. Some of their features are narrow
access capability, slide-out platform extension, quiet electric drives, rough
terrain models, and working heights from 21 to 59 feet.
CONSTRUCTION TRAILERS. Terex produces construction trailers at its facility
in Elk Point, South Dakota under the TEREX|LOAD KING brand name.
Construction trailers manufactured by Terex are used in the construction industry
to haul materials and equipment. Bottom dump material trailers are used to transport
raw aggregates, crushed aggregates and finished hot mix asphalt paving material.
Lowbed trailers have capacities from 25 to 100 tons and are designed with several
gooseneck systems and are used primarily to transport construction equipment.
TELEHANDLERS. The Terex Aerial Work Platforms segment also markets telehandlers
under the TEREX and GENIE brand names manufactured at its facilities in Baraga,
Michigan and Redmond, Washington. The Terex Aerial Work Platforms segment also
markets telehandlers manufactured by TerexLift in Italy. For information concerning
the realignment of Terex’s European telehandlers business effective January
1, 2006, see “Subsequent Segment Events” above.
Telehandlers are used to move and place materials on residential and commercial
job sites and are also used in the landscaping, recycling and agricultural industries.
Terex Aerial Work Platforms manufactures telehandlers with load capacities of
up to 10,000 pounds and lift capabilities of up to 56 feet.
LIGHT CONSTRUCTION EQUIPMENT. Light construction equipment produced by Terex
includes trailer-mounted light towers, concrete finishing equipment, power buggies,
generators and traffic control products.
Trailer-mounted light towers are used primarily to light work areas for night
construction activity. They are towed to the work-site where the telescopic
tower is extended and outriggers are deployed for stability. They are diesel
powered and provide lighting for construction activity for a radius of approximately
300 feet from the tower. Light towers are manufactured under the TEREX, GENIE
and TEREX|AMIDA brand names in Rock Hill, South Carolina and Redmond, Washington.
Concrete finishing equipment, which includes power trowels, screeds and surface
grinders, are primarily used to provide a smooth finish on concrete surfaces.
Power trowels are used on soft cement as the concrete hardens and are manufactured
as walk-behind and ride-on models. Power trowels are typically used in conjunction
with other products manufactured by Terex, including light towers, power buggies,
screeds, and material spreaders. Concrete finishing equipment is manufactured
under the TEREX and TEREX|BARTELL brand names in Brampton, Ontario, Canada.
Power buggies are used primarily to transport concrete from the mixer to the
pouring site. Terex power buggies have dump capacities from 16 to 21 cubic feet.
Terex manufactures power buggies under the TEREX, TEREX|AMIDA and TEREX|MORRISON
brand names in Rock Hill, South Carolina.
Generators are used to provide electric power on construction sites and other
remote locations. Generators up to 225 kilowatts are manufactured under the
TEREX brand name in Rock Hill, South Carolina.
Traffic control products (arrow boards or detour lights) are used to direct
traffic around road construction sites. They are primarily solar powered, with
solar panels continuously recharging batteries which provide power during night
hours. Terex traffic control products include 15 and 25 light configurations,
and are manufactured under the TEREX and TEREX|AMIDA brand names in Rock Hill,
South Carolina.
TEREX MATERIALS PROCESSING & MINING
MINING EQUIPMENT. Terex Materials Processing & Mining offers high capacity
surface mining trucks and hydraulic mining excavators used in the surface mining
industry.
Hydraulic mining excavators in shovel or backhoe versions are primarily used
to dig overburden and minerals and load them into trucks. These excavators are
utilized in surface mines, quarries and large construction sites around the
world. Terex excavators have operating weights ranging from 90 to 1,100 tons
and bucket sizes ranging from 7 to 65 cubic yards. They are manufactured under
the TEREX and TEREX|O&K brand names in Dortmund, Germany.
High capacity surface mining trucks are off-road dump trucks with capacities
in excess of 120 tons. They are powered by a diesel engine driving an electric
alternator that provides power to individual electric motors in each of the
rear wheels. Terex’s product line consists of a series of rear dump trucks
with payload capabilities ranging from 120 to 360 tons, and bottom dump trucks
with payload capacities ranging from 180 to 300 tons. Terex’s high capacity
surface mining trucks are manufactured under the TEREX and TEREX|UNIT RIG brand
names in Acuña, Mexico.
DRILLING EQUIPMENT. Terex Materials Processing & Mining offers a wide selection
of drilling equipment and tools for surface and underground mining, quarrying,
construction, and utility applications. Terex Materials Processing & Mining
manufactures drilling equipment under the TEREX|REEDRILL brand name in Denison,
Texas.
Terex drilling equipment includes jumbo drills used in underground hard rock
mining and tunneling, hydraulic track drills for quarrying, construction, and
mining, rotary drills for open pit mining and auger drills used in construction
and foundation. Drilling tools also include a broad line of auger tools. For
information concerning the Company’s acquisition of Halco on January 24,
2006, including the products Halco manufactures, see “Subsequent Segment
Events” above.
CRUSHING AND SCREENING EQUIPMENT. Crushing and screening equipment is used
in processing aggregate materials for roadbuilding materials. Typical crushing
and screening operations utilize a combination of components in reducing virgin
aggregate materials to required product sizes for final usage in road building
and related applications. Terex Materials Processing & Mining manufactures
crushing equipment under the TEREX, TEREX|CEDARAPIDS, TEREX|ELJAY, TEREX|CANICA
and TEREX|JAQUES brand names in Cedar Rapids, Iowa; Durand, Michigan; Melbourne,
Australia; and Subang Jaya, Malaysia.
Jaw crushers are primary crushers with reduction ratios of 6:1 for crushing
larger rock. Applications include hard rock, sand and gravel and recycled materials.
Models offered yield a range of production capacities: up to 265 tons per hour
for the smallest unit, and up to 1,700 tons per hour for the largest.
Horizontal shaft impactors are primary and secondary crushers which utilize
rotor impact bars and breaker plates to achieve high production tonnages and
improved aggregate particle shape. They are typically applied to reduce soft
to medium hard materials, as well as recycled materials.
Vertical shaft impactors are secondary and tertiary crushers which reduce material
utilizing various rotor configurations and are highly adaptable to any application.
Vertical shaft impactors can be customized to material conditions and desired
product size/shape. A full range of models provides customers with increased
tonnages, better circuit balance and screen efficiency.
Cone crushers are used in secondary and tertiary applications to reduce a number
of materials, including quarry rock and riverbed gravel. High production, low
maintenance and enhanced final material cubicle shape are the principal features
of these compression-type roller bearing crushers.
Terex Materials Processing & Mining manufactures screening equipment in
Durand, Michigan; Cedar Rapids, Iowa; Melbourne, Australia; Subang Jaya, Malaysia;
and Chomburi, Thailand, under the brand names TEREX, TEREX|SIMPLICITY, TEREX|CEDARAPIDS,
TEREX|ELJAY and TEREX|JAQUES.
Heavy duty inclined screens and feeders are found in high tonnage applications.
These units are typically custom designed to meet the needs of each customer.
Although primarily found in stationary installations, Terex supplies a variety
of screens and feeders for use on heavy duty portable crushing and screening
spreads.
Inclined screens are used in all phases of plant design from handling quarried
material to fine screening. Capable of handling much larger capacity than a
flat screen, inclined screens are most commonly found in large stationary installations
where maximum output is required. This requires the ability to custom design
and manufacture units that meet both the engineering and application requirements
of the end user.
Feeders are generally situated at the primary end of the processing facility,
requiring rugged design in order to handle the impact of the material being
fed from front end loaders and excavators. The feeder moves material to the
crushing and screening equipment in a controlled fashion.
Horizontal screens combine high efficiency with the capacity, bearing life
and low maintenance of an inclined screen. They are adaptable for heavy scalping,
standard duty and fine screening applications and are engineered for durability
and user friendliness.
TEREX ROADBUILDING, UTILITY PRODUCTS AND OTHER
Terex offers a diverse range of products for the roadbuilding, utility and
construction industries and governments. Products in this group include asphalt
and concrete equipment, utility equipment and on/off road heavy-duty vehicles.
ASPHALT AND CONCRETE EQUIPMENT. Terex Roadbuilding manufactures asphalt pavers,
asphalt plants, concrete production plants, concrete mixers, concrete pavers,
pavement profilers, stabilizers and reclaimers at its facilities in Oklahoma
City, Oklahoma; Fort Wayne, Indiana; Canton, South Dakota; Cachoeirinha, Brazil;
and Cedar Rapids, Iowa.
Asphalt pavers are available in rubber tire and steel or rubber track designs.
Terex sells asphalt pavers with maximum widths from 18 to 30 feet. The smaller
units have a maximum paving width of 18 feet and are used for commercial work
such as parking lots, development streets and construction overlay projects.
Mid-sized pavers are used for mainline and commercial projects and have maximum
paving widths ranging from 24 to 28 feet. High production pavers are engineered
and built for heavy-duty, mainline paving and are capable of 30 foot maximum
paving widths. All of the above feature direct hydrostatic drive for maximum
uptime, patented frame raise for maneuverability and three-point suspension
for smooth, uniform mats. Terex asphalt pavers are manufactured under the TEREX|CEDARAPIDS
brand name in Cedar Rapids, Iowa, and under the TEREX|CMI brand name in Cachoeirinha,
Brazil.
Asphalt plants are used by road construction companies to produce hot mix asphalt.
The asphalt plants are available in portable, relocatable and stationary configurations.
Associated plant components and control systems are manufactured to offer customers
a wide variety of equipment to meet individual production requirements. Asphalt
plants are manufactured under the TEREX|CMI and TEREX|CEDARAPIDS brand names
in Oklahoma City, Oklahoma, and under the TEREX|CMI brand name in Cachoeirinha,
Brazil.
Concrete production plants are used in residential, commercial, highway, airport
and other markets. Terex products include a full range of portable and stationary
transit mix and central mix production facilities. They are manufactured in
Oklahoma City, Oklahoma, and sold worldwide under the TEREX|JOHNSON-ROSS brand
name.
Concrete mixers are machines with a large revolving drum in which cement is
mixed with other materials to make concrete. Terex offers models mounted on
trucks with three, four, five, six or seven axles and other front and rear discharge
models. They are manufactured in Fort Wayne, Indiana, under the brand name TEREX|ADVANCE
.
Concrete pavers produced by Terex are used by paving contractors to place and
finish concrete streets, highways and airport surfaces. Terex manufactures slipform
pavers, which pave widths ranging from 2 to 35 feet in a single pass. Terex
also produces concrete pavers which require paving forms, usually metal, to
contain the paving material. These pavers are used on bridge decks, elevated
highways and for general conduction paving needs. Concrete pavers are manufactured
under the TEREX|CMI and BID-WELL brand names in Oklahoma City, Oklahoma; Canton,
South Dakota and Opglabbeek, Belgium.
Pavement profilers mill and reclaim deteriorated asphalt pavement, leaving
a level, textured surface upon which new paving material is placed. The process
is less costly than complete removal, and produces a by-product, RAP (Recycled
Asphalt Product), that can be processed through Terex hot mix asphalt plants
to produce lower cost paving materials. Terex produces pavement profilers in
Oklahoma City, Oklahoma, under the TEREX|CMI brand name.
Reclaimers/Stabilizers produced by Terex are used to add load-bearing strength
to the base structures of new highways and new building sites. They are also
used for in-place reclaiming of deteriorated asphalt pavement. Terex’s
reclaimers/stabilizers are manufactured in Oklahoma City, Oklahoma, under the
TEREX|CMI brand name.
Landfill compactors produced by Terex are used to compact garbage and refuse
at landfill sites. Terex’s landfill compactors are manufactured in Oklahoma
City, Oklahoma, under the TEREX brand name.
UTILITY EQUIPMENT. Terex utility products include digger derricks, aerial devices
and cable placers. These products are used by electric utilities, tree care
companies, telecommunications companies and the electric construction industry,
as well as by government organizations. The products are primarily mounted on
commercial truck chassis. Digger derricks and aerial devices are primarily used
for the construction and maintenance of electric utility lines.
Digger derricks are used to dig holes and set utility poles. They include a
telescopic boom with an auger mounted on the boom, which digs the hole, and
a winch and devices to lift, maneuver and set the pole. Digger derricks available
from Terex have sheave heights up to 95 feet and lifting capacities up to 48,000
pounds. Terex digger derricks are manufactured in Watertown, South Dakota, under
the brand name TEREX|TELELECT.
Aerial devices are used to elevate workers and material to work areas at the
top of utility poles, transmission lines and for trimming trees away from electrical
lines, as well as for miscellaneous purposes such as sign maintenance. Aerial
devices available from Terex include telescopic, non-overcenter and overcenter
models that range in working heights from 34 to 167 feet and material handling
capacity up to 2,000 pounds. Terex aerial devices are manufactured at the Watertown,
South Dakota, facility under the brand names TEREX|TELELECT and TEREX|HI-RANGER.
Cable placers are used to install fiber optic, copper and strand telephone
and cable lines. The cable placer includes a man basket with working height
of 37 feet. They are manufactured in Watertown, South Dakota, under the brand
name TEREX|TELELECT.
ON/OFF ROAD HEAVY DUTY VEHICLES. Terex produces, through its majority ownership
of Tatra, a range of 4x4 to 12x12 heavy duty on and off-road vehicles for military
and commercial applications at its facility in Koprivnice, Czech Republic under
the TATRA brand name. ATC manufactures vehicles based on the Tatra design and
technology incorporating U.S. components at the Company’s Terex Advance
Mixer facility in Fort Wayne, Indiana under the brand names TEREX, AMERICAN
TRUCK COMPANY and ATC.
On/off road heavy duty vehicles are produced for military and commercial use
with axle configurations of 4x4 up to 12x12. The main features of the vehicle
design include an air or water cooled diesel engine, manual or automatic transmission,
a sturdy central load-carrying tube and a swinging half axle design that controls
the independent movement of each wheel. The kinematics of the axles, together
with the backbone tube, provides a stable base to which a military or commercial
body can be mounted. This unique design permits heavy payloads to be carried
across rough terrain at high speeds.
COMPETITION
The Company faces a competitive global manufacturing market for each of its
products. The Company competes with other manufacturers based on many factors,
in particular the price, performance and reliability of its products. The Company
generally operates under a best value strategy, where it attempts to offer its
customers lower cost products or products that have enhanced performance characteristics
to improve the customer’s return on invested capital. However, in some
instances, customers may prefer the pricing, performance or reliability aspects
of a competitor’s product despite the Company’s product pricing
or performance.
3.67% 
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