26.10.2011

Manitex backlog up 58%

Boom truck and crane manufacturer Manitex has reported a strong improvement in its order book to $63.1 million, up 58 percent on the year and 25 percent on the quarter.

The company which acquired CVS Ferrari in Italy, earlier this year will report its full results in the second week of November.

Chief executive Andrew Rooke said: "During the third quarter we experienced not only an increase in demand for our specialised boom truck cranes, but also a broad-based increase in demand for our specialised niche products, both domestically and internationally. While non-US demand remained strong during the period, particularly in Canada, it was encouraging additionally to see an upturn in orders from domestic, US customers.”

“Responding to the steady increase in demand we are experiencing in 2011, we have selectively increased our output, and we are working with our supply chain to position ourselves for further expansion next year."