Posted in | News

Manitex’s Subsidiary to Supply Rough Terrain Forklifts to International Agency

Manitex International, Inc. (Nasdaq: MNTX), a leading provider of engineered lifting solutions including boom truck cranes, rough terrain forklifts and special mission oriented vehicles, today announced that the Company's Manitex Liftking material handling subsidiary had received a new three year contract, with an additional two year option, for the supply of specialized material handling equipment for an international agency. The total value of the contract, including the option, is approximately $10 million.

Mark Aldrovandi, responsible for military, government and international agency sales for Manitex Liftking commented, "This new contract for the supply of up to fifty of our rough terrain forklifts is a significant addition to the existing contract for our high tonnage specialized units that we secured in  2009. This contract, encompassing several different product configurations, is testament to the confidence our customer has gained over the last year from our performance, not only in terms of delivery and service, but also from some extremely tough, in the field, experience and validation with our units."

The new contract which is guaranteed for three years and has an additional two year option, includes requirements for four different capacity rough terrain forklifts to be supplied for service in international locations including Africa, Europe, Central America and the Middle and Far East. Initial deliveries are anticipated to commence in the first quarter of 2011. The contract requires supply of both new units and spare parts.

Andrew Rooke, President and Chief Operating Officer for Manitex International commented, "Manitex Liftking continues to demonstrate the strength of product, service and customer support required to succeed internationally. We are extremely pleased to be awarded this additional contract which we see as recognition of meeting and exceeding customer expectations on the original contract we received, as well as the strength and depth of our product line. We anticipate further opportunities to build on this success and secure additional orders in the future, as we look to further penetrate international growth markets, and diversify our revenue profile."

Source: http://www.manitexinternational.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.