MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that the European Commission launched an anti-dumping investigation into imports of mobile cranes from China following a complaint filed by leading European mobile crane manufacturers, represented by the VDMA Materials Handling and Intralogistics Association. VDMA's press release can be accessed here. The current trade complaint focuses on mobile cranes designed for the lifting and moving of materials on land, w. ...

Core Viewpoint - The Manitowoc Company, Inc. is facing potential challenges due to a complaint filed by the VDMA Materials Handling and Intralogistics Association regarding unfair competition from Chinese mobile cranes in the European Union [1] Group 1: Complaint Details - The VDMA has requested an urgent investigation by the European Commission into the influx of mobile cranes from China [1] - The complaint highlights that the marketing conditions of these Chinese mobile cranes result in unfair competition for European producers [1] Group 2: Industry Implications - The situation may lead to increased scrutiny and regulatory actions affecting the mobile crane market within the European Union [1] - The outcome of the investigation could impact pricing, market share, and competitive dynamics for companies operating in the mobile crane sector in Europe [1]