Terex Corporation is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry.
The company designs, builds, and supports products used in maintenance, manufacturing, energy, waste and recycling, minerals and materials management, construction, and the entertainment industry.
Industries and Markets
Terex operates primarily in industries such as construction, maintenance, waste management, recycling, and utilities, serving various market segments including municipal, commercial, and residential sectors.
The company identifies its business in the following segments: Materials Processing (MP), Aerial Work Platforms (AWP), and Environmental Solutions Group (ESG).
Competitive Position
Terex's competitive advantages stem from its commitment to customer-responsive engineering, substantial product innovation, and the integration of lean manufacturing practices.
The company focuses on developing alternative power solutions, enhancing product lifecycles, and maintaining regulatory compliance, which reduces the carbon footprint for its products.
Geographic Presence
Terex operates globally, with significant manufacturing facilities located in North America, Europe, and Asia-Pacific. Notable locations include the U.S., United Kingdom, Mexico, China, and Australia.
The company engages with customers through all stages of the product life cycle and provides lifecycle support via a global parts and services organization.
Key Strategies
Sustainability is at the forefront of Terex's strategy, focusing on reducing greenhouse gas emissions and integrating electric and hybrid technologies into their products.
The company employs an 'Execute, Innovate, Grow' operating framework that emphasizes product innovation, efficiency improvements, and customer satisfaction across all its business segments.
Target Customers
Terex serves a diverse customer base that includes enterprises in construction, municipalities, and industries requiring material processing and recycling solutions.
The majority of its products cater to sectors involved in energy, waste management, mining, and infrastructure development.
Partnerships and Dependencies
Terex relies on a network of suppliers for materials and services essential for production. The company faces risks associated with supplier consolidation, which can impact pricing and availability of components.
Consolidation of customers and suppliers may create pressure on pricing and profit margins, which could affect operational efficiency.
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TEREX CORP
2024
10 K
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