Manitowoc Files Anti-dumping Duty Petition in the U.S.

MILWAUKEE--(BUSINESS WIRE)-- The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, filed an anti-dumping petition with the U.S. International Trade Commission and U.S. Department of Commerce alleging predatory dumping by producers of lattice-boom crawler cranes from Japan.

Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc., stated, "Our action today clearly indicates that Kobelco’s behaviors have harmed our U.S. lattice-boom crawler crane operations. We trust that the U.S. Government will swiftly take action to level the playing field in support of our hardworking U.S. employees.”

Please review the Company’s filing at the following link: ACCESS.

About The Manitowoc Company, Inc.

The Manitowoc Company was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused products and support services to its markets. Manitowoc is one of the world's leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names.

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Ion Warner

SVP, Marketing and Investor Relations

+1 414-760-4805

ion.warner@manitowoc.com

Source: The Manitowoc Company, Inc.

FAQ

What action has Manitowoc (MTW) taken against Japanese crane manufacturers?

Manitowoc has filed an anti-dumping petition with U.S. authorities against Japanese lattice-boom crawler crane producers, particularly Kobelco, alleging predatory dumping practices.

How are Kobelco's actions affecting Manitowoc's (MTW) U.S. operations?

According to Manitowoc's CEO, Kobelco's behaviors have caused harm to the company's U.S. lattice-boom crawler crane operations.

Which regulatory bodies is Manitowoc (MTW) petitioning regarding Japanese dumping?

Manitowoc has filed petitions with both the U.S. International Trade Commission and U.S. Department of Commerce.

What type of cranes are involved in Manitowoc's (MTW) anti-dumping petition?

The petition specifically concerns lattice-boom crawler cranes manufactured by Japanese producers.