Nov 17, 2003
Kobelco Construction Machinery and Manitowoc Crane Group had signed crawler crane agreement
Kobelco Construction Machinery Co. of Japan and Manitowoc
Crane Group, a business entity of The Manitowoc Company, Inc.(NYSE:MTW)
had signed crawler crane agreement, under which Kobelco will
supply its lattice boom crawler crane models under 150 U.S.tons
on an OEM basis to Manitowoc Crane Group in the Americas region.
These Manitowoc -branded products will be introduced in the
second quarter of 2004 through the exsisting dealer network
of Manitowoc with having well differentiated features in comparison
to Kobelco's own product offering.
Kobelco will continue to market and distribute its own full-line
of lattice boom crawler cranes, from 55 U.S.tons to 250 U.S.tons,
and will support its products under its current distribution
system in the Americas.
Takashi Ishida, a president of Kobelco Construction Machinery
Co., said : "Manitowoc Crane Group has a magnificent
reputation around the world and offers a strong distribution
network in the Americas region. I am excited about this Two
Giants joining forces."
Ishida also says "We are happy to supply our products
to Manitowoc, most reliable partner we could ever find in
our industry. I believe that the two company share the same
philosophy that when approaching towards the market, we focus
closely on customers requirement with special care. As the
world's leading crane manufaturer on both end, our task is
to bring reliable products with high standard of quality assuring
About The Manitowoc Company, Inc.
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 foodservice equipment in the industry. In
addition, the company is a leading provider of shipbuilding,
ship repair, and conversion services for government, military,
and commercial customers throughout the maritime industry.
About Kobelco Construction Machinery Co.
Kobelco Construction Machinery Co. is one of Japan's largest
manufacturers of construction equipment. The company started
in 1930 as a division of Kobe Steel and produced the first
ever piece of construction machinery built in Japan, an electric
mining shovel. Today it manufactures a wide range of construction
machinery, which is sold worldwide, including a range of crawler
cranes from 39 U.S. tons to 882 U.S. tons capacity and a line
of rough-terrain mobile cranes. In 1999 the company was separated
from the main Kobe Steel group and today it operates as an
independent subsidiary, although Kobe Steel remains the majority