Manitex Receives $5 Millions in New Crane Orders

Manitex International Inc.has announced that its Georgetown, Texas-based subsidiary, Manitex Inc,, received orders totaling $5 million for shipment during the third and fourth quarters of 2010.

These orders have been placed by Manitex dealers, North West Crane Ltd. and Cropac Equipment Inc. and are targeted for support services to the energy sector in western Canada as well as the general construction segment in eastern Canada. The boom trucks ordered are sized to include the higher-capacity cranes in the Manitex line and predominantly consist of the Manitex 45- and 50-ton platforms, several of which will incorporate the new 155-foot powered boom, which is the longest in the boom truck industry.

The orders by North West Crane represent the largest single purchase of such Manitex products to be delivered to western Canada in more than two years.

"More than half of these orders already have retail customers assigned to them,” said Randy Robertson, director of sales and marketing. “Additionally, Cropac continues its major presence in this market and has stock equipment available for the still strong markets in eastern Canada."

The company's willingness to continue and accelerate development efforts during the current economic downturn, positions Manitex with product to serve this sector, said Scott Rolston, senior vice president of sales and marketing. “We are optimistic these recent orders signal the start of a continued upturn in western Canada, and show continued strength in the eastern Canada market."