U.S. Government Affirms Manitowoc’s Anti-Dumping Claim

The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global provider of engineered lifting solutions, today welcomed the unanimous and bipartisan affirmative decision from the U.S. International Trade Commission and U.S. Department of Commerce finding 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, "We are pleased by the U.S. Government's decision. This outcome helps restore fair competition in the marketplace and supports the long-term strength of our U.S. manufacturing operations and workforce.”

The new antidumping duties are set to go into effect this month. Please refer to the Federal Register at the following link here.

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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U.S. Government Affirms Manitowoc’s Anti-dumping Claim