Terex to make CVS Ferrari tractors

News Story
- 21 Apr 2016 ( #766 ) - Roveleto di Cadeo, Italy
1 min read
Terex will manufacture CVS Ferrari Terminal and RoRo Tractors.
Terex will manufacture CVS Ferrari Terminal and RoRo Tractors.
Manitex International has entered into an agreement with Terex Port Solutions under which Manitex has transferred to TPS the intellectual property and manufacturing rights of the Terminal Tractor and RoRo Tractor Product Lines of its wholly owned CVS Ferrari operation.

The contract includes a private labelling agreement under which the Terminal and RoRo Tractors originally developed by CVS Ferrari will still be available for sale to CVS Ferrari and its distribution organisation around the world.

Stefano Mercati, general manager of CVS Ferrari, says the move follows the need for larger manufacturing volumes and economies of scale benefits that manufacturing of the tractor product line requires in order to stay competitive.

The transfer of production of the range to Terex Port Solutions will free needed production space at the CVS Ferrari Roveleto di Cadeo factory to accommodate an increase in production capacity of the reach stackers and lift trucks made by the Italian division of Manitex International.

CVS Ferrari will continue to support its existing Terminal and RoRo Tractors customers as well as the new CVS Ferrari-customised and -branded units through its own parts and service organisation.

US-based Manitex acquired CVS in 2011.
Manufacturer expands production line in Shanghai
Manufacturer expands production line in Shanghai 17 Apr 2025 - Shanghai, China - 1 min read
Noblelift’s Future Factory construction ahead of schedule
Noblelift’s Future Factory construction ahead of schedule 17 Apr 2025 - Shanghai, China - 1 min read
RoyPow opens dedicated production line
RoyPow opens dedicated production line 16 Jan 2025 - Guangdong, China - 1 min read
Previously about:
CVS Ferrari appoints UK distributor News Story - 10 Oct 2024 - Hull, United Kingdom - 1 min read
Taylor Group acquires controlling stake in CVS Ferrari News Story - 8 Feb 2024 - Louisville, MI, United States - 1 min read
CVS Ferrari sold News Story - 24 Nov 2016 - Conegliano, Italy - 1 min read
LANCO buys Liftking from Manitex News Story - 13 Oct 2016 - Toronto, ON, Canada - 2 min read
Manitex adds 20 T telescopic crane News Story - 28 Jul 2016 - Bridgeview, IL, United States - 1 min read
Manitex sells Load King business News Story - 21 Jan 2016 - Bridgeview, IL, United States - 1 min read
Movers & Shakers News Story - 28 Nov 2024 - 1 min read
Movers & Shakers News Story - 7 Mar 2024 - 3 min read
Terex posts strong 2023 results News Story - 15 Feb 2024 - Norwalk, CT, United States - 1 min read
Do you have materials handling news? Submit your news here

Showcased in the Virtual Expo

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager - Resonac Asia Pacific Pte Ltd.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!

Showcased in the Virtual Expo

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Use your high-impact banner on our high-traffic technical forum pages to promote your products, services, or career opportunities directly to forklift technicians and engineers.

Starting at just $396 (USD) for 100,000 impressions.

Since our launch in February 2005, Forkliftaction has been home to the leading global discussion forum for forklift technicians, attracting 98,000 visits every week.

Spaces are limited—contact us today!