Manitowoc Unveils Four New Crane Models at BAUMA 2001 Construction Equipment Trade Fair in Munich

Unprecedented New Product Introductions Extend Company's Leadership Position



Apr 03, 2001, 01:00 ET from The Manitowoc Company, Inc.

    MUNICH, Germany, April 3 /PRNewswire/ -- The Manitowoc Company, Inc.
 (NYSE:   MTW), a diversified manufacturing company with market-leading
 operations in lattice-boom cranes, foodservice equipment, and marine services,
 today unveiled four new lattice-boom crawler cranes at the BAUMA 2001
 international trade fair in Munich, Germany.  BAUMA, held once every three
 years, is the world's largest construction equipment trade fair.
     "Introducing four new crane platforms simultaneously is unprecedented in
 the industry and a tribute to the creativity and productivity of our
 employees," said Terry D. Growcock, Manitowoc's president and chief executive
 officer.  "Manitowoc has consistently lead the industry with its ability to
 rapidly design, engineer and produce leading-edge products that exceed
 customer expectations.  The BAUMA trade fair provides an ideal forum to
 introduce these exciting new products to the international crane community."
     "As with all our new products, extensive research on our customers' needs
 went into the design of the cranes, with each model incorporating our
 customers' most-wanted features," Growcock continued.  "With these new models,
 we are filling product voids for duty-cycle and foundation cranes and adding
 an innovative model that is ideally sized for high-capacity applications in
 the growing energy, petrochemical and infrastructure markets."
     The new crane platforms include the 110-ton Model 915 duty-cycle and Model
 1015 foundation cranes as well as the Model 555, a 150-ton limited duty-cycle
 liftcrane.  Manitowoc also introduced the Model 19000, a 500-ton high-capacity
 liftcrane.  Each model features the company's patented EPIC(R) controls and
 modular design for easy shipment.
     In addition to the new crane models, Manitowoc also unveiled a 78.5-ton
 luffing jib for the Model 999, the fastest-selling crane in the company's
 history.  The luffing jib will enable boom-and-jib combinations up to 480
 feet.
     Other highlights of Manitowoc's participation at BAUMA include a crane-
 operation simulator featuring the EPIC(R) control system from the company's
 popular 300-ton Model 2250 lattice-boom crawler crane.  The simulator's
 controls are connected to computerized video displays and motion systems that
 realistically simulate the feel of being in the operator's seat.
     "As the unquestioned leader in the lattice-boom crawler crane segment,
 Manitowoc has had a long history of creating and reinvigorating product
 categories by introducing new cranes," said Growcock.  "With the unveiling of
 these four cranes, as well as a new luffing jib for one of our most popular
 models, we have more than delivered on our strategic objective of introducing
 one new crane platform and major attachment per year.  We expect that these
 products will help further our position as the market and technology leader in
 the crane industry."
     The Manitowoc Company, Inc. is a leading manufacturer of ice-cube
 machines, ice/beverage dispensers, and commercial refrigeration equipment for
 the foodservice industry.  It is also a leading producer of lattice-boom
 cranes, boom trucks, and related products for the construction industry, and
 specializes in ship repair, conversion, and new construction services for the
 Great Lakes maritime industry.
     Any statements contained herein that are not historical facts are forward-
 looking statements within the meaning of the Private Securities Litigation
 Reform Act of 1995, and involve risks and uncertainties.  Potential factors
 could cause actual results to differ materially from those expressed or
 implied by such statements.  These statements may include, but are not limited
 to, those relating to customer acceptance of new products.  Information on the
 potential factors that could affect the company's actual results of operations
 is included in its filings with the Securities and Exchange Commission,
 including but not limited to its Annual Report on Form 10-K for the fiscal
 year ended December 31, 2000.
 
 

SOURCE The Manitowoc Company, Inc.
    MUNICH, Germany, April 3 /PRNewswire/ -- The Manitowoc Company, Inc.
 (NYSE:   MTW), a diversified manufacturing company with market-leading
 operations in lattice-boom cranes, foodservice equipment, and marine services,
 today unveiled four new lattice-boom crawler cranes at the BAUMA 2001
 international trade fair in Munich, Germany.  BAUMA, held once every three
 years, is the world's largest construction equipment trade fair.
     "Introducing four new crane platforms simultaneously is unprecedented in
 the industry and a tribute to the creativity and productivity of our
 employees," said Terry D. Growcock, Manitowoc's president and chief executive
 officer.  "Manitowoc has consistently lead the industry with its ability to
 rapidly design, engineer and produce leading-edge products that exceed
 customer expectations.  The BAUMA trade fair provides an ideal forum to
 introduce these exciting new products to the international crane community."
     "As with all our new products, extensive research on our customers' needs
 went into the design of the cranes, with each model incorporating our
 customers' most-wanted features," Growcock continued.  "With these new models,
 we are filling product voids for duty-cycle and foundation cranes and adding
 an innovative model that is ideally sized for high-capacity applications in
 the growing energy, petrochemical and infrastructure markets."
     The new crane platforms include the 110-ton Model 915 duty-cycle and Model
 1015 foundation cranes as well as the Model 555, a 150-ton limited duty-cycle
 liftcrane.  Manitowoc also introduced the Model 19000, a 500-ton high-capacity
 liftcrane.  Each model features the company's patented EPIC(R) controls and
 modular design for easy shipment.
     In addition to the new crane models, Manitowoc also unveiled a 78.5-ton
 luffing jib for the Model 999, the fastest-selling crane in the company's
 history.  The luffing jib will enable boom-and-jib combinations up to 480
 feet.
     Other highlights of Manitowoc's participation at BAUMA include a crane-
 operation simulator featuring the EPIC(R) control system from the company's
 popular 300-ton Model 2250 lattice-boom crawler crane.  The simulator's
 controls are connected to computerized video displays and motion systems that
 realistically simulate the feel of being in the operator's seat.
     "As the unquestioned leader in the lattice-boom crawler crane segment,
 Manitowoc has had a long history of creating and reinvigorating product
 categories by introducing new cranes," said Growcock.  "With the unveiling of
 these four cranes, as well as a new luffing jib for one of our most popular
 models, we have more than delivered on our strategic objective of introducing
 one new crane platform and major attachment per year.  We expect that these
 products will help further our position as the market and technology leader in
 the crane industry."
     The Manitowoc Company, Inc. is a leading manufacturer of ice-cube
 machines, ice/beverage dispensers, and commercial refrigeration equipment for
 the foodservice industry.  It is also a leading producer of lattice-boom
 cranes, boom trucks, and related products for the construction industry, and
 specializes in ship repair, conversion, and new construction services for the
 Great Lakes maritime industry.
     Any statements contained herein that are not historical facts are forward-
 looking statements within the meaning of the Private Securities Litigation
 Reform Act of 1995, and involve risks and uncertainties.  Potential factors
 could cause actual results to differ materially from those expressed or
 implied by such statements.  These statements may include, but are not limited
 to, those relating to customer acceptance of new products.  Information on the
 potential factors that could affect the company's actual results of operations
 is included in its filings with the Securities and Exchange Commission,
 including but not limited to its Annual Report on Form 10-K for the fiscal
 year ended December 31, 2000.
 
 SOURCE  The Manitowoc Company, Inc.