The Manitowoc Company, Inc. (NYSE: MTW) announced today that members of the VDMA Materials Handling and Intralogistics Association have filed a complaint to the European Commission concerning the influx of mobile cranes from China into the European Union. They have requested an urgent investigation into imports of Chinese mobile cranes marketed at conditions that result in unfair competition for European producers. VDMA’s press release can be accessed here.

The companies named in the complaint, collectively represent approximately 92% of the EU industry, and include: Manitowoc, Liebherr, Sennebogen, and Tadano.

The current trade complaint focuses on mobile cranes designed for the lifting and moving of materials on land, with a lifting capacity of at least 30 tons and mounted on self-propelled vehicles. Such mobile cranes are key to ensuring Europe’s strategic independence, particularly in relation to critical infrastructure, defense, and energy.

“We believe in fair competition and have urged the European Commission to address the material injury caused by the dumping tactics of Chinese exporting producers. We call on the Commission to restore a level playing field across the EU,” commented Aaron Ravenscroft, President & Chief Executive Officer, The Manitowoc Company, Inc.

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. 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, Shuttlelift, and Upfits by Aspen Equipment brand names.

About VDMA Materials Handling and Intralogistics Association

The VDMA Materials Handling and Intralogistics Association represents more than 250 German and European member companies from the fields of mobile robots, industrial trucks, cranes and hoists, intralogistic systems, and continuous conveyors. The Intralogistics-2X working group, which is part of the association, addresses both intralogistics providers and users in order to develop interface topics for intralogistics applications. The VDMA represents 3600 German and European mechanical and plant engineering companies. The industry stands for innovation, export orientation and SMEs. The companies employ around 3 million people in the EU-27, more than 1.2 million of them in Germany alone. This makes mechanical and plant engineering the largest employer among the capital goods industries, both in the EU-27 and in Germany. In the European Union, it represents a turnover volume of an estimated 870 billion euros. Around 80 percent of the machinery sold in the EU comes from a manufacturing plant in the domestic market.

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