02/22/22
Massive investment plan in the United States
This investment is to be spent on the extension of both sites, an innovation drive, and the development of new ranges. Through this program, the group reasserts its strong ambitions to achieve the targets set in its strategic plan New Horizons 2025.
Activity at a historic level
With an order book standing at an all-time high of over 3 billion euros, Manitou Group is investing amid a period of sustainable growth. This 70-million-euro plan will initially finance the extension of the production facilities of Yankton (articulated loaders and telehandlers) and Madison (skid steers and track loaders), and subsequently fund the modernization of industrial equipments.
We have an extremely promising outlook on our markets, which entirely substantiates these investments. These new developments will enable us to absorb peaks in demand, permanently increase our production capacities and increase the safety of our workers, in particular by optimizing flow management. Consequently, we expect to increase our output on these sites by more than 150% by 2026. These projects also fall within our low-carbon transition, through the development of new electric ranges.
Elisabeth Ausimour, President of the Product division
Included within the €460 million (US$530 million) global investment envelope in the New Horizons 2025 strategic plan, these projects will launch in the second quarter of 2022 and will continue through 2026.