Manitowoc agrees to settle U.S. EPA matter for $42.6M

The Manitowoc (MTW) Company reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency and the U.S. Department of Justice regarding alleged violations of the Transition Program for Equipment Manufacturers, a program under the U.S. Clean Air Act. Per the terms of the agreement, Manitowoc will pay a civil penalty of $42.6M 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’s participation in the TPEM program. This 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.