Compact Track Loaders Slated for 2016 Delivery

Manitex International, Inc., a leading international provider of cranes and specialized material and container handling equipment, today announced that ASV, its joint venture with Terex Corporation, has recently received $12.7 million in new orders, for delivery in 2016, to customers both domestically and abroad for retail and rental markets.

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Jim DiBiagio, General Manager of ASV, commented, “We are pleased to announce these new orders for our ASV products, which provide some visibility into our business and production planning heading into 2016.  We are among the key manufacturers in this market sector and the performance from our unique technology is highly sought after by a demanding and diverse customer base,spanning agricultural, forestry, commercial and residential construction markets, in North America and internationally.  Our ASV branded dealership count continues to grow at a healthy pace, and is expected to reach over 100 locations by year end.   We look forward to continuing to invest in the brand, diversify our company’s revenue streams and participate in new growth markets.”

Separately, the company is also pleased to announce that ASV has won Construction Equipment’s Top 100 New Products of 2015 Award, with its new RT Compact track loader series set to appear in the December 2015 issue.  The ASV RT Compact track loader was selected as a top product introduction among a field of several hundred during the year.