{"id":796282,"date":"2024-12-19T12:52:10","date_gmt":"2024-12-19T17:52:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-manitowoc-company-reaches-agreement-to-settle-u-s-epa-matter-regarding-its-emissions-certification-and-compliance-process\/"},"modified":"2024-12-19T12:52:10","modified_gmt":"2024-12-19T17:52:10","slug":"the-manitowoc-company-reaches-agreement-to-settle-u-s-epa-matter-regarding-its-emissions-certification-and-compliance-process","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-manitowoc-company-reaches-agreement-to-settle-u-s-epa-matter-regarding-its-emissions-certification-and-compliance-process\/","title":{"rendered":"The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process<\/b><\/p>\n<p>MILWAUKEE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Manitowoc Company, Inc. (NYSE: MTW) (the \u201cCompany\u201d or \u201cManitowoc\u201d) today reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) regarding alleged violations of the Transition Program for Equipment Manufacturers (TPEM), a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6 million and complete an emissions mitigation project upgrading a short-line locomotive engine in Maryland. Completion of the terms in the Consent Decree settles this matter and releases the Company from civil claims under the Clean Air Act related to the Company\u2019s participation in the TPEM program.<\/p>\n<p>\nThis agreement concludes a matter announced in a press release dated January 17, 2022, in which Manitowoc announced that an internal investigation indicated the Company may not have met all requirements of the TPEM program for a portion of engines mounted on Manitowoc mobile cranes sold in the U.S. between 2014 and 2017. Manitowoc has booked a financial reserve for the settlement of this matter.<\/p>\n<p><b>The Manitowoc Company, Inc.<\/b><\/p>\n<p>\nThe Manitowoc Company was founded in 1902 and has over a 120-year tradition of providing high-quality, customer-focused products and support services to its markets. Headquartered in Milwaukee, Wisconsin, United States, Manitowoc is one of the world&#8217;s leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, distributes, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain, and Shuttlelift brand names.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241218883848r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218883848\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218883848\/en\/<\/a><\/span><\/p>\n<p>\nIon Warner<br \/>\n<br \/>SVP, Marketing and Investor Relations<br \/>\n<br \/>+1 414-760-4805<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ion.warner@manitowoc.com\">ion.warner@manitowoc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Wisconsin United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Nuclear Environmental, Social and Governance (ESG) Other Energy Environment Utilities Oil\/Gas Coal Machinery Energy Urban Planning Machine Tools, Metalworking &amp; Metallurgy Legal Environmental Policy Environmental Issues Architecture Professional Services Building Systems Other Manufacturing Other Construction &amp; Property Engineering Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218883848\/en\/582254\/3\/Manitowoc_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; The Manitowoc Company, Inc. (NYSE: MTW) (the \u201cCompany\u201d or \u201cManitowoc\u201d) today reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) regarding alleged violations of the Transition Program for Equipment Manufacturers (TPEM), a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6 million and complete an emissions mitigation project upgrading a short-line locomotive engine in Maryland. Completion of the terms in the Consent Decree settles this matter and releases the Company from civil claims &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-manitowoc-company-reaches-agreement-to-settle-u-s-epa-matter-regarding-its-emissions-certification-and-compliance-process\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796282","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-manitowoc-company-reaches-agreement-to-settle-u-s-epa-matter-regarding-its-emissions-certification-and-compliance-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process MILWAUKEE&#8211;(BUSINESS WIRE)&#8211; The Manitowoc Company, Inc. (NYSE: MTW) (the \u201cCompany\u201d or \u201cManitowoc\u201d) today reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice (DOJ) regarding alleged violations of the Transition Program for Equipment Manufacturers (TPEM), a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6 million and complete an emissions mitigation project upgrading a short-line locomotive engine in Maryland. 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