European Mobile Crane Industry Launches Trade Complaint Against Unfair Imports of Chinese Mobile Cranes
Manitowoc Company, Inc. (The) (MTW)
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm
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Source: Business Wire
MILWAUKEE, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that members of the VDMA Materials Handling and Intralogistics Association have filed a complaint to the European Commission concerning the influx of mobile cranes from China into the European Union. They have requested an urgent investigation into imports of Chinese mobile cranes marketed at conditions that result in unfair competition for European producers. VDMA’s press release can be accessed here.The companies named in the complaint, collectively represent approximately 92% of the EU industry, and include: Manitowoc, Liebherr, Sennebogen, and Tadano.The current trade complaint focuses on mobile cranes designed for the lifting and moving of materials on land, with a lifting capacity of at least 30 tons and mounted on self-propelled vehicles. Such mobile cranes are key to ensuring Europe’s strategic independence, particularly in relation to critical infrastructure, defense, and energy.“We
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