News Release

February 6, 2006

Manitowoc Appoints New Global Product Manager

Raman Joshi, Global Product Manager for Manitowoc Cranes.

Manitowoc Crane Group has appointed Raman Joshi to its senior management team as global product manager for the Manitowoc range of crawler cranes. Raman reports directly to Larry Bryce, vice president of worldwide marketing, and is responsible for global strategic direction for the complete Manitowoc product line.

His duties include overseeing strategy, alliances, acquisitions, and financial performance, as well as tactical execution of business plans. Raman will be working closely with Manitowoc’s sales, marketing, engineering, and manufacturing locations around the world, and will be an important figure within the branded crawler crane product lines.       

Raman is based at the Manitowoc Crane Group facility in Manitowoc, Wisconsin, US. He brings with him over 13 years of engineering, sales, and marketing experience. He most recently served as US sales and marketing manager for the NSK Corporation - a US subsidiary of Japanese company, NSK Ltd. – one of the world’s largest bearing manufacturers. Prior to NSK, Raman spent four years working in Osaka, Japan as an overseas project manager for a machine tool manufacturing company.

“With such excellent credentials and a proven track record, Manitowoc Crane Group is delighted Raman is joining our industry-leading team,” said Larry Bryce.

“We need to protect our position at the top of the lifting industry by continuously developing our business,” Bryce explained. “Raman will play a key role by looking at all aspects of our Manitowoc product line and ensuring we execute our plans on time and on budget. He has excellent in-depth technical knowledge and experience from a wide range of manufacturing industries. The whole team is looking forward to working with Raman to drive Manitowoc on to even greater success.”

Raman holds Bachelor’s of Science and Masters degrees in mechanical engineering. He also has an MBA from University of Michigan, Ann Arbor, and is fluent in three languages, Hindi, English, and Japanese.