MILWAUKEE – The Manitowoc Company, Inc. (NYSE:MTW), a prominent player in the global crane manufacturing sector with a market capitalization of $265 million, has initiated a legal challenge by filing an anti-dumping petition. The claim, lodged with both the U.S. International Trade Commission and the U.S. Department of Commerce, accuses Japanese producers of engaging in predatory dumping practices concerning lattice-boom crawler cranes. The company’s stock has faced significant pressure, declining over 40% in the past year.

The President and CEO of Manitowoc, Aaron H. Ravenscroft, commented on the filing, stating that the actions of Kobelco, a specific Japanese competitor, have adversely affected Manitowoc’s operations within the U.S. market for lattice-boom crawler cranes. Ravenscroft expressed confidence in the U.S. Government to act promptly and establish fair competition to protect the interests of the company’s U.S. employees.

The Manitowoc Company, with a history dating back to 1902, is recognized as a leading provider of engineered lifting solutions. Its product range includes mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes, marketed under various brand names such as Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift.

The filing represents a significant move by Manitowoc to address what it perceives as unfair trade practices that could potentially impact the U.S. industry and workforce. The outcome of the petition could have implications for the broader market dynamics within the crane manufacturing industry.

The information in this article is based on a press release statement from