Terex is an American manufacturer of machinery for the construction, recycling, quarrying, energy, mining and shipping industries, among others. The company’s wide range of products includes concrete mixer trucks, cranes, material handlers, washing systems, telehandlers, tracked conveyors and utility vehicles.
Terex began in 1933 as the Euclid Company, specializing in the production of haul trucks. In 1953 it was acquired by General Motors, which created a “Euclid Division” that supplied more than half of the off-highway dump trucks in the United States.
In 1970 the company’s name was changed to Terex, whereupon it began manufacturing crawlers, front-end loaders and scrapers.
Terex was bought and sold a number of times, finally becoming Terex Corporation in 1988. At the turn of the century, Terex entered the compact equipment market as well as the roadbuilding market.
In 2007 Terex was ranked as the Number 4 best performing company on the 2007 Barron’s 500 survey and #314 on the Fortune 500 list.
Terex skid steer loaders were included in Equipment Today magazine’s “Top Products of 2011.” As the company states on its website:
“Terex has changed significantly since its founding in 1986, achieving $7.1 billion of net sales in 2013. As we have expanded our operations, the business has become increasingly global in scope. Our products are manufactured in North and South America, Europe, Australia and Asia, and are sold worldwide.
“We are expanding our business globally, with an increased emphasis on developing markets, such as China, India, Brazil, Russia and the Middle East.”