History of the Tver Excavator Plant (TVEX) began in 1943 with the release of consumer goods, spare parts and units for excavators. After the war the plant assembled the first in the country pneumatic excavator with suspension cable (model E-255). In the 70s the company started to produce hydraulic wheel and crawler excavators.
In 2011, within the framework of partnership with the company Terex, TVEX started to produce backhoe loaders TLB series . Today, the plant specializes in the production of wheeled and crawler excavators, backhoe loaders, forklift trucks. Machines can be produced in different variants using both domestic and imported components.