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Growing demand within the sector is driving expansion in product offering, services, depots and more for the Belgium-based crane provider

Manitex CEO Steve Filipov said the company is preparing for lower demand, exacerbated by the Covid-19 pandemic, which may persist throughout the year, particularly in the Manitex boom truck side of the business

Growth for 2020 drops from 3.1% to 0.5%, according to GlobalData