It was a surprised move by the new president and CEO, Barry Pennypacker to make a huge decision to move the production line in Manitowoc to Shady Grove.
The company has commented that the decisions will “optimise it manufacturing footprint, reduce cost and expand margins”. Furthermore, the initiative is expected to generate an annualised pre-tax cost saving of US$25 to 30 million. This initiative will also increase operational efficiency and allow the company to reallocate resources to invest in profitable growth.
The transition will being in the third quarter with completion estimated by the middle of 2017.
In 2015, Manitowoc began producing some of its crawler crane line in Shady Grove. The premises is a 300 acre (120 hectare) facility with capability in manufacturing a broad range of product lines, including rough terrain cranes, truck cranes, boom trucks, industrial cranes and lattice boom crawler crane.
The factory in Manitowoc, Wisconsin has been operating since 1925 and though production will be taken off the grid, it will maintain its crawler crane product engineering and related support functions in the Manitowoc.