Terex Corporation  (TEX)
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What are Terex's Business Segments?


The Terex Construction segment designs, manufactures and markets three primary categories of construction equipment and their related components and replacement parts:

• Heavy construction equipment, including off-highway trucks, scrapers, hydraulic excavators, large wheel loaders, loading machines and truck mounted articulated hydraulic cranes;

• Compact construction equipment, including loader backhoes, compaction equipment, mini and midi excavators, site dumpers, telehandlers and wheel loaders; and

• Mobile crushing and screening equipment, including jaw crushers, cone crushers, washing systems, screens and trommels.

These products are primarily used by construction, logging, mining, industrial and government customers in construction and infrastructure projects and supplying coal, minerals, sand and gravel. Terex Construction products are currently marketed principally under the TEREX brand name and the TEREX name in conjunction with these historic brand names: Atlas, Benford, Fermec, Finlay, Fuchs, Pegson, Powerscreen, Schaeff and TerexLift. Effective January 1, 2006, the mobile crushing and screening equipment group became a part of the Terex Materials Processing & Mining Segment and the European telehandlers business became part of the Terex Aerial Work Platforms Segment.

Terex Construction has 17 significant manufacturing operations:

Heavy Construction Equipment

• Off-highway rigid haul trucks and articulated haul trucks, having capacities ranging from 25 to 100 tons, and scrapers are manufactured in Motherwell, Scotland;

• Excavators, wheel loaders and truck mounted articulated hydraulic cranes are manufactured in Delmenhorst, Ganderkesee and Vechta, Germany; and

• Loading machines are manufactured in Bad Schoenborn, Germany.

Compact Construction Equipment

• Site dumpers, compaction equipment, material handlers and loader backhoes are manufactured in Coventry, England;

• Small and midsized wheel loaders, mini excavators and midi excavators are manufactured in Langenburg, Gerabronn, Rothenburg, Crailsheim and Clausnitz, Germany; and Sanhe and Tianjin, China; and

• Rough terrain telescopic material handlers (also known as telehandlers) are manufactured near Perugia, Italy.

Mobile Crushing and Screening Equipment

• Crushers, washing systems, screens and trommels are manufactured in Coalville, England; Omagh, Northern Ireland; and Dungannon, Northern Ireland.

Terex Construction’s North American distribution center is in Southaven, Mississippi and also serves as a parts center for Terex Construction and other Terex operations.


The Terex 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. Terex Cranes products are currently marketed principally under the TEREX brand name and the TEREX name in conjunction with these historic brand names: American, Bendini, Comedil, Demag, Franna, P&H, Peiner and PPM.

Terex Cranes has 11 significant manufacturing operations:

• Rough terrain cranes are manufactured in Crespellano, Italy;

• All terrain cranes and telescopic container stackers are manufactured in Montceau-les-Mines, France;

• Rough terrain cranes, truck cranes and truck mounted cranes are manufactured in Waverly, Iowa;

• Lift and carry cranes are manufactured in Brisbane, Australia;

• Tower cranes are manufactured in Fontanafredda and Milan, Italy and Wilmington, North Carolina;

• Lattice boom crawler cranes are manufactured in Wilmington, North Carolina; and

• Lattice boom crawler cranes, all terrain cranes and large tower cranes are manufactured in Zweibruecken, Wallerscheid and Bierbach, Germany, and Pecs, Hungary.


The Terex Aerial Work Platforms segment was formed upon the completion of the acquisition of Genie Holdings, Inc. and its affiliates (“Genie”) on September 18, 2002. The 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, traffic control products, related components and replacement parts, and other products. These products are used primarily by customers in the construction and building maintenance industries to build and/or maintain large physical assets and structures. Terex Aerial Work Platforms products are currently marketed principally under the TEREX and GENIE brand names and the TEREX name in conjunction with these historic brand names: Amida, Bartell, Benford, Load King and Morrison.

Terex Aerial Work Platforms has six significant 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 and Redmond, Washington; and

• Trailer-mounted light towers, concrete finishing equipment, power buggies, generators and traffic control products are manufactured in Rock Hill, South Carolina, and Brampton, Ontario, Canada.


The Terex Materials Processing & Mining segment designs, manufactures and markets crushing and screening equipment (including crushers, impactors, screens and feeders), hydraulic mining excavators, high capacity surface mining trucks, drilling equipment, related components and replacement parts, and other products. These products are used primarily by construction, mining, quarrying and government customers in construction and commodity mining. Terex Materials Processing & Mining products are currently marketed principally under the TEREX brand name and the TEREX name in conjunction with these historic brand names: Canica, Cedarapids, ELJay, Jaques, O&K, Reedrill, Simplicity and Unit Rig.

Terex Materials Processing & Mining has eight significant manufacturing operations:

• Hydraulic mining excavators are manufactured in Dortmund, Germany;

• Drilling equipment is manufactured in Denison, Texas;

• High capacity surface mining trucks are manufactured, and components for other Terex businesses are fabricated, in Acuña, Mexico;

• Crushing and screening equipment is manufactured, assembled, sold and serviced in Melbourne, Australia; Subang Jaya, Malaysia; Chomburi, Thailand; and Durand, Michigan; and

• Crushing and screening equipment, along with asphalt pavers for the Terex Roadbuilding, Utility Products and Other segment, is manufactured in Cedar Rapids, Iowa.


Our Material Handling & Port Solutions (“MHPS”) segment designs, manufactures, refurbishes, services and markets industrial cranes, including standard cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components and port equipment such as mobile harbor cranes, automated stacking cranes, automated guided vehicles as well as terminal automation technology, including software. Customers use these products for material handling at manufacturing and port facilities. Our MHPS segment also operates an extensive global sales and service network. We market our MHPS products under the Demag® and Gottwald® brand names.

MHPS has the following significant manufacturing operations:

• Standard cranes are manufactured in Luisenthal, Germany, Banbury, UK, Madrid, Spain, Milan, Italy, Solon, Ohio, Cotia, Brazil, Boksburg, South Africa, Chakan, India, Shanghai, China, and Sydney, Australia;

• Process cranes are manufactured in Slany, Czech Republic, 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;

• Mobile harbor cranes, automated stacking cranes and automated guided vehicles are manufactured in Düsseldorf, Germany; and

• Light crane systems are manufactured in Shanghai, China, Cotia, Brazil, Chakan, India and Wetter an der Ruhr, Germany.

We offer a range of services for cranes and lifting equipment consisting of field service, refurbishment and spare parts, as well as consultancy and training services to help optimize the use of our crane systems. These services are provided by more than 220 service centers worldwide. Our services are provided on our own industrial crane products and also on third-party products and related equipment.


As discussed in Note J - “Investment in Joint Venture” in the Notes to the Consolidated Financial Statements, the Company has a 40% ownership interest in a joint venture, Terex Financial Services Holding B.V. (“TFSH B.V.”). The other 60% of TFSH B.V. is owned by De Lage Landen International B.V. (“DLL”), a wholly-owned subsidiary of Rabobank. TFSH B.V. was originally established to provide customers the option to finance Genie’s products sold in Europe by offering loans and leases to purchasers of Genie products and on January 1, 2004, as part of the joint venture’s reorganization, the scope of TFSH B.V.’s operations was broadened, as it was provided with the opportunity to facilitate the financing of all of the Company’s products sold in Europe. TFSH B.V. is a direct lender and makes its loans with funds obtained from equity contributions made by DLL and the Company and a debt facility made available to TFSH B.V. by DLL and Rabobank.

The Company has an interest in a joint venture in India under the name Terex Vectra Equipment Pvt. Ltd., which manufactures and markets compact construction equipment.

Terex has a minority interest in Inner Mongolia North Hauler Joint Stock Company Limited (“North Hauler”), a company incorporated under the laws of China, which manufactures rigid and articulated haulers in China. Trucks manufactured by North Hauler, which is located in Baotou, Inner Mongolia, are principally used in the People’s Republic of China under the Terex brand name. Terex also has a minority interest in Atlas Construction Machinery Company Ltd., a company incorporated under the laws of China, which manufactures excavators in China.

Terex 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.


Terex Tax Rate Companies within the Construction & Mining Machinery Industry

Terex Corporation Segments

   25.08 % of total Revenue
   10.97 % of total Revenue
Material Handling and Port Solutions
   22.34 % of total Revenue
Aerial Work Platforms
   34.96 % of total Revenue
   9.68 % of total Revenue
   -3.04 % of total Revenue

Business Segments (Sep. 30, 2015)
(in millions $)
III. Quarter
(of total Revenues)
(Sep. 30, 2015)
(in millions $)
III. Quarter
(Profit Margin)
411.70 25.08 % 12.40 3.01 %
180.10 10.97 % 2.70 1.5 %
Material Handling and Port Solutions
366.70 22.34 % 10.30 2.81 %
Aerial Work Platforms
573.80 34.96 % 79.40 13.84 %
158.90 9.68 % 13.90 8.75 %
-49.90 -3.04 % -6.80 -
1,641.30 100 % 111.90 6.82 %

• Terex Income Statement • Terex supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (Sep. 30, 2015)
Y/Y Revenue
III. Quarter
Q/Q Revenue
(Sep. 30, 2015)
Y/Y Income
III. Quarter
Q/Q Income
-1.91 % -11.23 % -43.12 % -84.22 %
-13.12 % -1.96 % 68.75 % -87.78 %
Material Handling and Port Solutions
-21.68 % -0.14 % -41.48 % -86.88 %
Aerial Work Platforms
-4.16 % -15.26 % 16.08 % -50.03 %
2.12 % -5.3 % 59.77 % -68.05 %
- - - -
-9.31 % -11.74 % -4.2 % -70.68 %

• Terex Growth Comparisons Terex Profile • Terex Market Share

To get more information on Terex's Cranes, Construction, Material Handling and Port Solutions, Aerial Work Platforms, Mining, Other, Total segment. Select each division with the arrow.


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