Manitex boom truck backlog bulges
11 March 2011Manitex International has announced that its order book for this year already contains seven orders totaling $11.5m. The orders are scheduled for delivery in the second and third quarter of this year.
Principal among the orders was a $2m contract with Manitex subsidiary Liftking, for transporter systems which will be used by the US military in Latin America. Manitex acquired Toronto-based Liftking in November of 2006. The US military already owns machines by Liftking.
A large number of contracts were awarded by the energy sector, while other contracting industries included general construction, rental fleet additions and Mexican retail.
The sum of the orders has created a boom truck manufacturing backlog at Manitex at a level that it hasn’t seen since 2008, the company says.
Scott Rolston, senior vice president of sales and marketing for Manitex International, said: "These orders validate the market's continued confidence that Manitex supplies superior product, not only for the energy and military segments and other diverse niche markets, but also that it continues to recognize our growing international presence and capabilities.”
Rolston optimistically predicted that the orders signaled a recovery for the crane manufacturing market in 2011.
