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Higher order intake for Manitex

20. April 2017 | Comments (0)

Manitex which also owns Oil&Steel Valla and PM Group has reported strong first quarter order intake for its crane divisions, leading to a backlog at the end of March of $60.5, up from $38.1 million at the end of December.

Order intake was particularly strong in North America thanks to new products, such as the 2085T and TC450 and PM loader cranes. As a result the company is planning to increase its production schedule in the second quarter.

Executive vice president sales and marketing Steve Kiefer said: “We continue to see order strength across our crane product groups. We are excited to see increasing orders for our PM and new Manitex products serving the construction industry, as well as a modest increase in order activity for larger-tonnage Manitex products serving the energy sector.”
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