Manitou BF (FR:MTU) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Manitou Group has begun construction on a new €60 million mechanical welding plant for aerial work platforms, expected to commence production in early summer 2026. This strategic investment aims to internalize critical production processes, enhance production rates, and meet the growing demand in the European and international markets, particularly the United States. The facility will incorporate sustainable features like solar panel roofing and energy-efficient systems, reinforcing Manitou’s commitment to innovation and its strong presence in the Grand Ouest region of France.
For further insights into FR:MTU stock, check out TipRanks’ Stock Analysis page.