Terex Corporation is a global manufacturer of industrial machinery and equipment, serving various industries such as construction, infrastructure, mining, transportation, and utilities. The company was founded in 1933 as the Euclid Company in the United States. It started as a manufacturer of off-road trucks for the mining industry and gradually expanded its product offerings through acquisitions and organic growth.
Over the years, Terex diversified its portfolio and now produces a wide range of equipment, including cranes, aerial work platforms, material handlers, crushers, and other heavy machinery used in construction and material handling applications. The company's products are known for their reliability, durability, and efficiency, making them popular choices in the industries they serve.
In its history, Terex has gone through various transformations and strategic changes. It has acquired several companies to expand its product lines and geographical reach. However, the company has also faced challenges, including economic downturns and fluctuations in demand for its products due to changes in the industries it serves.
Despite the challenges, Terex remains committed to providing innovative solutions and equipment to its customers. It continues to invest in research and development to stay at the forefront of technology and deliver products that meet the evolving needs of its clients in the global marketplace.