Terex’s sustained strategic investments in product electrification and other parts of its business have left the off-highway equipment giant in a strong position to grow and capitalise on big market trends, such as the growing importance of digitalised production to customer operations.
“Electrification started three years ago, but it’s picking up steam everywhere. Around 60% of our Terex Materials Processing business’s products are offered in some form of hybrid or electric form. That train is leaving the station, and it is accelerating as we go forward,” said John Garrison, Terex CEO and president, during the company’s CONEXPO/CON-AGG 2023 press conference. “The world is digitising, and we are not immune to that. We have to figure out how we utilise digitalisation to be successful.”
The Terex Materials Processing (Terex MP) business division of Terex includes, among other brands, Powerscreen, Finlay, EvoQuip, Terex Materials Processing Systems (Terex MPS), Terex Washing Systems (TWS), Ecotec, and MDS.
Garrison continued: “We are trying to grow as a company and improve our customer’s product lifetime experience. I am delighted with the great work that our MP business segment has done in expanding the addressable markets and expanding into new spaces with new products and distribution channels.”
Among many recently introduced Terex MP brand products are Powerscreen’s Gladiator MT1150SR wheeled crushing and screening plant and Titan 2300 screener, Finlay’s C-1550+ tracked cone crusher, Terex Washing Systems’ FM Pentium washing solution, EvoQuip’s Cobra 230R impact crusher, and Terex MPS’s Cedarapids CRC1350S portable cone crusher and Simplicity ESX620 ‘Extra Clearance’ horizontal screen.
Kieran Hegarty, Terex MP president, said Terex MP sees itself as a diversified and specialised manufacturer for customers in industries including, among others, construction, quarrying, and environmental management.
“In the last three years, we have continued to evolve and grow. For example, in March 2021, we bought a factory in China with a view to manufacturing crushing, screening and environmental equipment, primarily for the Chinese market. That’s been a really good long-term investment in a very large market.”
