The Manitowoc Company Celebrates 100 Years

Thursday, June 27, 2002
The Manitowoc Company, Inc., a diversified, multi-industry capital goods manufacturer headquartered in Manitowoc, Wisconsin, today will ring the closing bell at the New York Stock Exchange to celebrate its centennial anniversary. The company was founded on this date in 1902 as a ship-building and ship-repair operation serving the Great Lakes maritime industry. "Today, The Manitowoc Company celebrates a century of success thanks to our innovative products, strategic acquisitions, global expansion, and thousands of loyal employees," said Terry D. Growcock, president and chief executive officer. "Over the past ten decades, the diligent work ethic and inventiveness of our talented and resourceful employees have been a driving force in our remarkable growth from a modest lakeside shipyard to a vibrant multi-national organization. I am also proud to acknowledge the fact that our workforce includes hundreds of second and third-generation employees. Such loyalty will help Manitowoc continue to thrive in the years ahead." The Manitowoc Company was founded in 1902 by Elias Gunnell, Charles West, and Lynford Geer as a shipbuilding organization. As its reputation for quality grew through-out the maritime industry, Manitowoc became a major supplier of freighters to the U.S. Government during World War I. In 1925, the company leveraged its steel fabricating and welding expertise to manufacture cranes in addition to ships. And beginning in 1940, the company was awarded a series of contracts from the U.S. Navy to build 28 sub-marines and other vessels for World War II. To this day, Manitowoc holds the unique distinction of being the only inland shipyard to have ever built submarines for military service. When World War II ended, Manitowoc recognized an opportunity to refocus its war-time manufacturing resources on domestic and commercial refrigeration equipment. This eventually led to the ice machines it currently produces on three continents. Today, Manitowoc has grown into a $1.3-billion enterprise with more than 6,000 employees and 25 manufacturing facilities in six countries, while retaining its corporate headquarters and two of its flagship businesses in its namesake city.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Coast Guard Foundation to Honor USCG in Miami

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Maritime Broadband Opens Office in Greece

Maritime Broadband has expanded its worldwide footprint by opening an office, Maritime Broadband Hellas, in Athens, Greece. The new office addresses the growing

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Finance

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1902 sec (5 req/sec)