Terex Material Handling and Port Solutions, a segment of Terex Corp., is currently celebrating 50 years of business excellence with the Demag cranes brand in North America. Demag is one of the oldest, and most trusted names in the international cranes business, having manufactured the Telescopic Boom All Terrain, as well as Truck and Crawler Cranes.
(image via Demag Cranes site.)
The Terex Material Handling and Port Solutions segment can trace back its roots to Wetter, Germany in 1819, where it was formerly known as the Mechanische Werkstätten Harkort & Co. It first established a North American home base 50 years ago, September 1965, in Detroit, Michigan. The headquarters shifted to Solon, Ohio shortly after.
Demag became a part of Terex Corp. in 2011, when they gained a majority share of Demag Cranes Group, helping to create Terex Corp.’s fifth segment -- Material Handling and Port Solutions. At that time, Aloysius Rauen, president of the segment, called the integration "a strategic gain for everybody.” Today, the segment has revenues of nearly $2 billion annually, combining a number of crane services under a single banner.
Terrell Material Handling and Port Solutions joined Terex Corp.’s other successful segments, including Aerial Work Platforms, Construction, Cranes (both mobile and tower cranes), and Materials Processing (both crushing and screening equipment).
"We would like to thank our customers and partners for the successes that we have achieved in the past 50 years,” offered John Paxton, Terex Material Handling North America’s vice president and general manager.
"This milestone is a testament to the quality of our people, products, and unmatched commitment to our customers’ and partners’ success. We look forward to continuing to support North American manufacturers for the next 50 years,” he said.
For decades, Demag has been synonymous with quality and innovation, pushing the industry to innovate, and meet the needs of a rapidly changing world that continues to demand more from the broad range of equipment Demag and Terex offers.
From developing lifting equipment for local coal mines and the steel industry in 1890, to the introduction of the CC8800, a crane capable of lifting 1,250 tons in 2002, a developmental history of the industry is very clear when one examines the timeline of Demag and Terex Corp.’s accomplishments. This is also apparent when one looks at their many other achievements, including the development of the first telescopic boom crane, with the ability to lift 2.5 tons, and in their 1979 development of the strongest lattice-boom truck crane in the world, with the ability to lift 800 tons. As this performance makes clear, Demag and Terex Corp. has continued to build upon their previous innovations, striving to achieve more both then and now.
Larry Collier Crane Parts and Services congratulates Terex on the golden anniversary of Demag in North America. It's a milestone that has not gone unnoticed in the industry.
Larry Collier Crane Parts and Services proudly sells factory stocked Demag and Terex parts, and also offers crane repair services on both Terex and Demag products.