# Manitou Group invests €70M to expand two South Dakota plants

Manitou Group announced a €70 million ($80 million) investment to expand its Yankton and Madison, South Dakota manufacturing facilities, aiming to increase output by over 150% by 2026 and hire 100 people by 2023.

- Type: Expansion
- Announced: 2022-02-22
- Where: Yankton and Madison, South Dakota, United States
- Value: $80.0M (70.0M EUR)
- Jobs: 100
- Starts operating: Q2 2022
- Status: announced
- Capacity: increase output by more than 150% by 2026
- Products: articulated loaders, telehandlers, skid steers, track loaders
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Manitou](https://endata.com/companies/17913.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/massive-investment-plan-in-the-united-states-301487511.html), 2022-02-22: "We expect to increase our output on these sites by more than 150% by 2026."
- [liftandaccess.com](https://www.liftandaccess.com/article/manitou-invest-80-million-us-operations), 2022-02-24: "We have an extremely promising outlook on our markets, which entirely substantiates these investments."
- [news.d1cm.com](https://news.d1cm.com/20220225136013.shtml), 2022-02-25: "We are very optimistic about the market outlook, which is why we need more investment."
- [m.chinaforklift.com](https://m.chinaforklift.com/news/detail/202203/78418.html), 2022-03-21: "These new developments will enable us to absorb demand peaks, permanently increase our production capacity and improve the safety of our workers."
- [opmachinery.com](https://www.opmachinery.com/blog/fuerte-inversion-de-manitou-en-ee-uu), 2022-04-01: "Elisabeth Ausimour, presidenta de la división de productos, afirma: “Tenemos una prometedora perspectiva en nuestros mercados, lo que justifica esta inversión en nuevos desarrollos que nos permitirá la optimización de la gestión de flujos y absorber picos de demanda, aumentando nuestras capacidades "

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.