Manitex announces record $133 million backlog

Manitex International Inc. in Bridgeview said its consolidated order backlog was at a record $133 million as of March 31, an increase of 59 percent from December 31, 2011, a 179 percent over the one-year period.

The company said demand for its boom truck cranes continues to lead the backlog higher, and the company is also seeing continued strength in the demand for its other specialized products. Manitex made moves in the fourth quarter of 2011 to increase output at its key facilities in conjunction with its supply chain for further expansion in 2012 to support the growing demand. The current backlog calls for products to ship throughout 2012 and into early 2013.

“The order intake for the quarter was exceptionally strong and is being driven by demand for specialized products for the energy sector,” said Andrew Rooke, president and COO for Manitex. “While Manitex boom trucks represent the major part of this backlog, we have also been successful in securing increased orders in other parts of our portfolio.”

Manitex International is a manufacturer of engineered lifting solutions including cranes, reach stackers and associated container handling equipment, rough terrain forklifts, indoor electric forklifts and special mission oriented vehicles, including parts support.