19.01.2005

Manitowoc to build new plant in China

The Manitowoc Company, Inc. has announced that its Crane Group will “break ground” on a new manufacturing plant in Zhangjiagang city, China on February 16th. The new plant will replace the company's existing plant, which currently manufactures Potain tower cranes from 40 to 485 tonne/metres.

The New facility, which is scheduled for completion in early 2006, will be more than twice the size of the existing 120,000 square metre plant and will include upgraded manufacturing equipment and state-of-the-art machine tools.
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Overview of Manitowoc Crane Group's new facility in Zhangjiagang city

The New plant will not only take over all of the current manufacturing work, but will also produce additional tower crane models and components for other Manitowoc group companies including Manitowoc crawler cranes and Grove telescopic cranes.

The number of employees at the new plant is expected to reach 400 by 2008, compared to approximately 300 at the current plant.

"This new crane plant is part of our strategy to increase global crane sales and market penetration," said Terry D. Growcock, Manitowoc's chairman and chief executive officer. "It will strengthen our presence in Asia and enhance our abilities to truly serve the worldwide crane market. This project is precisely the sort of significant growth initiative we intend to fund with our recently completed equity offering."
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The New Manitowoc Plant planned for Zhangjiagang city

The Crane plant is not the only Manitowoc group facility in China, the company’s Foodservice business is also building a larger manufacturing and training facility near Hangzhou, China, building ice, beverage, and refrigeration equipment. Construction of the 50,000 square metre facility is due for completion and start-up at the end of this year.