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The Manitowoc Company Withdraws from CONEXPO

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MILWAUKEE, Wis., June 28, 2022--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW), (the "Company" or "Manitowoc") a leading global manufacturer of cranes and lifting solutions, today announced its withdrawal from the CONEXPO-CON/AGG 2023 trade show.

"Over the last 18 months, Manitowoc has taken a multitude of actions to manage inflation. Due to the several price increases that we’ve passed on to our customers, we do not believe it’s appropriate to invest in a second, large tradeshow at this time," said President and Chief Executive Officer, Aaron Ravenscroft. "We continue to invest heavily in new products and look forward to showing our latest developments at the upcoming bauma show in October 2022. As an alternative to CONEXPO, we intend to host a Crane Days event at our Shady Grove, Pennsylvania location at a later date."

About The Manitowoc Company, Inc.

The Manitowoc Company was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused products and support services to its markets. Manitowoc is one of the world's leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006029/en/

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Ion Warner
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