Manitowoc sees drop in 3rd quarter cr...

Manitowoc sees drop in 3rd quarter crane sales

There are 8 comments on the Public Opinion story from Oct 29, 2010, titled Manitowoc sees drop in 3rd quarter crane sales. In it, Public Opinion reports that:

Manitowoc Co. reported a 8.5 percent decline in crane sales in the third quarter of 2010.

Join the discussion below, or Read more at Public Opinion.

Toby

Greencastle, PA

#1 Oct 29, 2010
Could this be due to their new plant in China?

“ONE LOVE...ONE HORSE”

Since: Dec 07

Location hidden

#2 Oct 29, 2010
http://www.cranestodaymagazine.com/story.asp...

Manitowoc will rotate teams of employees, and also move permanent staff to China to manage the business, Etchart said. It will export experts from its Shady Grove, USA facility, which is the Manitowoc truck crane center of excellence.
Grover

Waynesboro, PA

#3 Oct 29, 2010
For the past 2 months I have noticed an increase in production and some depts are working 7 days a week at the Shady Grove Facilty... Lets see what the 4th quarter brings and into 2011...I believe we are on an upward or busy trend. Don't forget Manitowoc is not only cranes but also in the foodservice business.
Shanghai Tide

United States

#4 Oct 29, 2010
Toby wrote:
Could this be due to their new plant in China?
Last I checked, JLG and Manitowoc were two different companies...
been lay-off

Chambersburg, PA

#6 Oct 30, 2010
Contrarian wrote:
How quickly we forget the massive layoffs and eventual bankruptcy of Grove!
That company had a long history of sodomizing its workers.
I agree. I liked it there, and miss some of my fellow workers. Would've taken the job back when they called, but who's to say I wouldn't get the boot again.
Toby

Greencastle, PA

#7 Oct 30, 2010
Shanghai Tide wrote:
<quoted text>
Last I checked, JLG and Manitowoc were two different companies...
Manitowoc buys into China's fourth largest mobile crane maker
12 March 2008

The US-based Manitowoc Crane Group has bought a 50% stake in Chinese mobile crane manufacturer Tai'an Dongyue Heavy Machinery. Terms of the deal were not disclosed.

Tai'an Dongyue employs 900 people in a new factory in Tai'an City, Shangdong Province, about 300 miles (350km) south of Chinese capital Beijing. The company was founded in 1972 and ranks beneath XCMG, Zoomlion, and arguably Terex Changjiang in mobile crane production volumes and sales.

"We are trying to manufacture as close as we can to the market, and China is the fastest-growing construction market in the world," Manitowoc Crane Group president Eric Etchart told Cranes Today in an interview after the announcement was made at a Manitowoc press conference at Las Vegas's ConExpo exhibition. "China is a key market for Manitowoc. Manufacturing there is central to this objective. Through this presence we will also have a better understanding of our Chinese competitors which in turn will help us on the global stage."

The acquisition is not the first involvement of foreign businesses in the mobile crane business, nor is it Manitowoc's first Chinese venture. In 2006, Terex bought a 50% stake in Chinese mobile crane manufacturer Changjiang Crane. And Manitowoc subsidiary Potain bought a stake, and then purchased the remainder, of a Zhangjiagang tower crane manufacturer, and has used it to manufacture Potain-brand tower cranes.

In the press conference, Etchart said: "We want to replicate the successful business model of Potain tower cranes. We invested in a Chinese company and gained significant market share."
SHATTERED

Greencastle, PA

#8 Oct 30, 2010
cONTRARIAN YOU SAID IT ALL-SODOMIZING PERFECT

Since: May 12

San Jose, CA

#10 Oct 31, 2012
For all the top crane motor maker, we give you a good opportunity to find cooperative partners.
http://www.ecvv.com/product_directory/crane-m...

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