Seven years after taking over Motherwell-based Terex Trucks, Volvo Group has rebranded the business as Rokbak.
Rokbak鈥檚 origins date back to 1934 when the Euclid Company of Ohio created the world鈥檚 first true off-highway rear dump truck, the Model 1Z. Manufacturing at the Motherwell factory in Scotland began in 1950 when the Euclid Great Britain subsidiary was formed. Within just four years it made 1,000 off-highway trucks in Scotland.
In 1970 Euclid鈥檚 then owner General Motors (GM) rebranded the business as Terex. 聽In 1981 GM sold Terex to IBH Holdings in Germany. Two years later, IBH went bankrupt and ownership of Terex reverted to GM.
GM sold Terex again in 1986/87 to Randolph Lenz (US interests in 1986; Motherwell in 1987). The haulage truck business was a mainstay of the expanding Terex Corporation over the next 20 years but recession forced Terex to consolidate its operations. In December 2013 Volvo Group agreed to pay US$160m for Terex Trucks.
鈥淥ur company has an incredible history and a proud heritage,鈥� said managing director Paul Douglas. 鈥淪even years ago, we became a member of the Volvo Group, which allowed us to make major improvements in every part of our business. Millions of pounds have been invested in improving our products, modernising our facilities, expanding our network, and developing our people. It has been a process of continual evolution. That鈥檚 why we feel it鈥檚 right to recognize this evolution with a new brand name to launch an exciting new chapter in our history. And we鈥檒l keep investing to further improve our machines for our customers.鈥�
Melker Jernberg, president of Volvo Construction Equipment, added: 鈥淲e are proud and excited to have the modernized Rokbak brand continue as a fundamental part of our organization,鈥� said. 鈥淲e believe in a sustainable future, innovation and the power of our people and we see that all encapsulated in Rokbak. At the same time, the company has its own personality, heritage and loyal customer base and it will be exciting to see the brand evolve further as it sets out on this new stage of its journey.鈥�
Got a story? Email news@theconstructionindex.co.uk
