News Release

October 15, 2007

Ground broken on Manitowoc factory expansion

Manitowoc’s crane division has broken ground on a new 50,000 sq. ft. addition and expansion project at its crawler crane assembly facility in Manitowoc, Wisconsin.

The new addition is part of a $25 million renovation and modernization investment that the company is making in its Wisconsin-based manufacturing facilities. Manitowoc previously announced plans to expand its Port Washington, Wisconsin fabrication facility in late August.

Larry Weyers, executive vice president of the crane division’s Americas region, says the expansion is not only a sign of the strength of the crawler crane market worldwide, but also reinforces Manitowoc’s commitment to quality and innovation.

“The renovations will not only help us meet a growing demand for crawler cranes,” he said. “But it will also support future product development efforts.”

The Manitowoc facility expansion includes three new buildings and significant capital equipment expenditures. One of the new facilities is a 20,000 sq. ft. building that will be used for assembling Manitowoc’s larger crawler models, the Model 18000 and Model 21000. There is also a 33,000 sq ft. final assembly and paint addition. In this area, Manitowoc will add a paint booth and oven, a reassembly area as well as two additional loading bays. The final building addition is an employee services area which will include locker rooms, a lunch room and tool room.

Manitowoc will also invest in capital equipment, to include a burn table, a large machining center, various tooling and fixtures, a small parts paint booth and a large boring bar.

Steve Brahm, vice president of operations for Manitowoc’s crane division, says these expansion projects are part of an on-going re-investment strategy.

“The Manitowoc Company, our parent company, has continued to financially support crane manufacturing globally,” he said. “In addition to facility improvements, we’ve also been able to add nearly 300 new manufacturing jobs within the last two years in the US alone.”

About The Manitowoc Company
The Manitowoc Company, Inc. is one of the world's largest providers of lifting equipment for the global construction industry, including lattice-boom cranes,tower cranes, mobile telescopic cranes, and boom trucks. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of cold-focused equipment for the foodservice industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.

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For More Information Contact:

Tom CioniLeslie Shalabi
Manitowoc Crane GroupSE10 Creative
+1 920 683 6510+ 1 608 251 6280
tom.cioni@manitowoc.comshalabi@se10.com
©2008 The Manitowoc Company, Inc.