Fri December 07, 2001
Manitowoc Performs Well in Third Quarter
Manitowoc performed well in the third quarter despite challenges. It generated significant cash flow, gained market share in all segments, and reported improvements in revenue and earnings. The cash flow enabled the company to reduce debt by more than $16 million more than the required levels....
Wed November 21, 2001
Manitowoc, Potain Finish Asia-Pacific Region Integration
Manitowoc Crane Group’s transition to a factory-direct sales and distribution hub serving the Asia-Pacific region is now complete after concluding a transaction with Coastal Equipment, Manitowoc’s former distributor in Hong Kong, Indonesia, Malaysia, Singapore and China....
Fri November 16, 2001
Potain Purchase Helps Boost Manitowoc’s Third Quarter Results
The Manitowoc Company Inc. has reported increased revenues and earnings, healthy margins, and strong cash flow for the third quarter ended Sept. 30, 2001.
Net sales increased 40.3 percent to $301 million, from $214.5 million for the same period in 2000.
Earnings for the quarter were $12.4 million, or 51 cents per diluted share, compared with $12.3 million, or 50 cents per diluted share in the third quarter of 2000....
Mon September 10, 2001
Manitowoc Completes Potain Acquisition
The future of the new globe-circling Manitowoc Crane Group is emerging first in Asia, as the plans for Manitowoc Potain Singapore PTE Ltd. have been unveiled.
The Manitowoc Potain Singapore business operation will be the first to combine the sales and services structures of the two leading crane makers in one market....
Tue July 24, 2001
Manitowoc Announces Second-Quarter Financial Results
The Manitowoc Company Inc. recently reported financial results for the second quarter ended June 30, 2001.
Net sales increased 22.4 percent to $298.2 million for the second quarter of 2001, from $243.6 million for the same period in 2000....
Thu May 10, 2001
Manitowoc Completes Acquisition of Potain
The Manitowoc Company Inc., a worldwide manufacturer of high-capacity, lattice-boom crawler cranes, announced that it has completed the acquisition of Potain, a worldwide manufacturer of tower cranes.
The final purchase price of the acquisition was $307.1 million....
Mon March 26, 2001
Manitowoc Announces Preliminary Results for the First Quarter 2001
The Manitowoc Company Inc. announced preliminary financial results for the first quarter ending March 31, 2001. The company anticipates that reported net sales for the first quarter will be in the range of $215 million to $225 million compared with the $202.0 million reported in the first quarter of 2000....
Mon March 12, 2001
Manitowoc Issues Binding Offer to Acquire Potain Cranes
The Manitowoc Company Inc. has issued a binding offer to acquire the Potain cranes subsidiary of Groupe Legris Industries SA. The offer is contingent upon certain events, which include governmental and regulatory approval, as well as final acceptance of the offer by the seller....
Wed November 08, 2000
Manitowoc 2250 Supercharges Power Plant Construction
A Manitowoc 2250 crawler crane is playing a powerful role in the construction of an 800-MW co-generation power plant in Sayreville, NJ.
During the construction, the crane will lift components that weigh up to 300,000 lbs....
Wed November 22, 2000
Manitowoc’s MAX-ER Picks Up the Pace With Increased Travel Ability
Manitowoc Cranes Inc., Manitowoc, WI, has announced a new MAX-ER 2000 attachment that dramatically increases the lifting capability of its 300-ton (272 t) model 2250 crane and offers improved set-up time.
The new MAX-ER 2000 improves on the capacity and reach offered by its predecessor, the MAX-ER 225.
Other important features of the MAX-ER 2000 include increased luffing-jib capacities; improved set-up time; the ability to travel with any lifted load; modules that can be transported easily by truck; the versatility of several combinations of booms, fixed jibs, and luffing jibs with total lengths to 620 ft....
