Manitou BF (FR:MTU) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.