Manitou BF (FR:MTU) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Manitou Group has celebrated the 50th anniversary of its Yankton factory in South Dakota with the inauguration of a 7,000 m² expansion, aimed at bolstering the production of a new range of telescopic handlers for the North American market. An €18 million investment has equipped the site with high-tech industrial tools like laser cutting machines and a fully automated line, signaling strong growth and market demand. The company, which has already added 50 new employees due to the expansion, continues to contribute significantly to the local economy with more hires planned in line with market trends.
For further insights into FR:MTU stock, check out TipRanks’ Stock Analysis page.