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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bouchard Vessels Honored by SCA

Forty-three Bouchard Transportation Co., Inc. vessels have been honored by The Chamber of Shipping America (CSA) with Certificates of Environmental Achievement.

Deepwater Semi-Sub COSL Prospector Delivered

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province.

Trelleborg Invests in High-Speed Fender Test Rig

Trelleborg’s marine operation is in the process of building and installing a custom-made high-speed test rig, capable of testing both rubber and foam fenders.   The

Finance

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Winch
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: 0.1378 sec (7 req/sec)