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Terex history
Terex company history timeline
Clark Materials Handling continued to build forklifts in Korea--in a partnership formed with Samsung in 1986--to serve the Asian market.
Northwest Engineering exercised that option in 1987.
By 1988, Industry Week reported that BCP held a 40 percent share of the market in which its products were sold.
The next move for Northwest Engineering came in 1988 when it bought Unit Rig and Equipment Company which was also involved in bankruptcy proceedings.
By September, the wholly owned subsidiary was doing well enough for Terex to pre-pay $19 million in debt, and in 1990, Terex opened a new 100,000 square foot manufacturing facility in Indianola, Iowa, to build foam-insulated refrigerated vans.
Terex added Mark Industries to its Heavy Equipment Group in 1991.
At the end of 1991, Terex had long-term debt of $189.3 million.
Terex posted another loss of $61.1 million on revenues of $1.01 billion in 1992, a year in which the company teetered on the brink of bankruptcy.
1997: Crane operations are bolstered through acquisitions of Simon Engineering plc's Simon Access division and Baraga Products Inc.
The purchase of Holland Lift International B.V. in May 1998 added another manufacturer of aerial work platforms, while the July 1998 purchase of the American Crane Corporation brought Terex a maker of lattice boom cranes.
1998: O & K Mining GmbH, a German maker of large hydraulic mining shovels, is acquired.
In July 1999 the company acquired Powerscreen International plc, a maker of crushing and screening equipment for the quarrying, construction, and demolition industries based in Dungannon, Northern Ireland.
During 2000 Terex sold its truck-mounted forklift businesses, most of which had been acquired only the previous year, to Partek Corporation of Finland for $144 million.
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Terex competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Caterpillar | 1925 | $64.8B | 97,300 | 763 |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 710 |
| Dover | 1955 | $7.7B | 23,000 | 493 |
| Eaton | 1911 | $24.9B | 92,000 | 2,125 |
| Bucyrus | 1880 | $500.0M | 5,000 | - |
| PACCAR | 1905 | $31.6B | 27,000 | 89 |
| JLG Industries | 1969 | $2.1B | 4,993 | 5 |
| MTD Products | 1946 | $2.0B | 6,800 | - |
| John Deere | 1837 | $51.7B | 69,600 | 178 |
| SPX | 1912 | $2.0B | 6,000 | 133 |
Terex history FAQs
Zippia gives an in-depth look into the details of Terex, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Terex. The employee data is based on information from people who have self-reported their past or current employments at Terex. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Terex. The data presented on this page does not represent the view of Terex and its employees or that of Zippia.
Terex may also be known as or be related to Terex, Terex Corp. and Terex Corporation.