Le Lézard
Classified in: Mining industry, Transportation, Business
Subject: CON

Meritor® Announces Strategic Supply Agreement with Manitowoc Cranes


TROY, Mich., Dec. 6, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new strategic supply agreement with The Manitowoc Co., Inc., one of the world's largest providers of lifting equipment for the global construction industry, to deliver multiple drivetrain products and solutions including planetary axles to the manufacturer.  

Meritor products will be featured on several crane types across Manitowoc's extensive portfolio. "As the mobile crane market continues to strengthen, this agreement positions Meritor as a key supplier to support crane production under Manitowoc's Grovetm brand," said Joe Muscedere, vice president, Off Highway, Specialty & Defense, North America for Meritor. "It also reinforces our commitment to invest and expand our position in off-highway markets."

Steve Luepke, director, Off-Highway for Meritor, said, "Meritor's strength in manufacturing and vertical integration supports the reduced lead times required to be successful in growing markets. The agreement between Meritor and Manitowoc extends and solidifies a mutually beneficial relationship that will have long-term impact for both companies." 

About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. With more than a 100-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of approximately 8,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.

Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.) (PRNewsfoto/Meritor, Inc.)

 

SOURCE Meritor, Inc.


These press releases may also interest you

at 09:05
Global diversified manufacturing leader Milliken & Company today announced that it received an A- rating in the climate change category of the 2023 CDP, a comprehensive environmental disclosure platform....

at 09:00
DCK TOOLS (DongCheng company), a trusted supplier and innovator of professional power tools made its first appearance at the National Hardware Show (NHS) 2024 held in Las Vegas. NHS is a premier industry event that connects experts, customers and...

at 09:00
Highlander Silver Corp. (the "Company" or "Highlander Silver") announces that the closing of the share purchase agreement dated November 29, 2023 (the "Share Purchase Agreement") with SSR Mining Inc. ("SSR...

at 08:55
Reunion Gold Corporation (the "Company") is pleased to announce additional drill results from its ongoing infill and step out drill program at the Kairuni zone on its Oko West project in Guyana. Hole D-380, which is located in Block 6 (see Table 1...

at 08:47
The Fabricator Podcast, a product of Fabricators and Manufacturers Association (FMA) and The Fabricator, North America's leading magazine for the metal forming and fabricating industry, has been recognized as a two-time Gold winner for podcasting in...

at 08:35
First Quantum Minerals Ltd. ("First Quantum" or "the Company") will release first quarter 2024 financial and operating results on Tuesday, April 23, 2024 after the close of the Toronto Stock Exchange. The Company will host a conference call and...



News published on and distributed by: