15/09/2015 - 20:04 pm

Terex Material Handling & Port Solutions Celebrates 50 Years in North America

Terex Material Handling & Port Solutions is celebrating 50 years of business as a producer of North American overhead cranes, hoists, and material handling components. 

The present-day Terex Material Handling & Port Solutions segment was founded in 1819 under the name Mechanische Werkstätten Harkort & Co. in Wetter, Germany. The company then established its North American headquarters in Sept. 1965 in Detroit, Mich., and moved to Solon, Ohio. shortly thereafter.

In 2011, Terex Corp. gained a majority share in the company and integrated it into Terex as a fifth business segment. Today, Terex Material Handling & Port Solutions has revenues of nearly $2 billion. Under the Demag brand, it has one of the world's largest installed base of overhead cranes and hoists.

“We would like to thank our customers and partners for the successes that we have achieved in the past 50 years,” said John Paxton, vice president and general manager, Terex Material Handling North America. “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.”

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