SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.1000.0%Dec 3 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: richardred who wrote (4665)12/11/2017 12:57:23 PM
From: robert b furman  Read Replies (1) of 6101
 
Hi Rick.

I live about 20 miles from the Manitowoc compound in Manitowoc - as it transforms into an empty excess facility loaction.

They have announced several years ago the shuttering of the home facility - moving to a south east non union location.

Towering over the facility is now only one super huge crane - over 100 million in cost.

These cranes were designed to be able to support the entire weight of a nuclear plant cooling tower.

Sadly an innovation that was being built just before the Fukushimo nuclear accident in Japan.

Now Manitowoc is a big company, but a couple of hundred million of your working capital being frozen for years is a hurdle I'm sure.

A very good friend of mine was an apprentice for welding at Manitowoc. He learned heavy welding at LTC a trade school that Manitowoc sponsored.

His skill is in high demand and he left even before the announcement of moving came.

I check to see if those cranes tower over the skyline every time I drive by.

Just a note of how huge these cranes are - they are assembled on a pad of concrete 12 feet thick!!

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext