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Oshkosh Corporation Announces Grand Opening of Tianjin, China Plant

10/25/2010

OSHKOSH, Wis., Oct 25, 2010 (BUSINESS WIRE) -- Oshkosh Corporation (NYSE: OSK) announced today the grand opening of its new manufacturing plant in Tianjin, China. This state-of-the-art facility is producing JLG access equipment for China and other Asian markets. The new factory marks yet another milestone in the Oshkosh commitment to the important Far East markets and further enhances the Corporation's international presence.

"The completion of the Tianjin facility gives Oshkosh Corporation and JLG, our access equipment business and the world leader in aerial access equipment, a strategic advantage to better serve our Asian customers," said Charles L. Szews, Oshkosh Corporation president and chief operating officer. "It allows us to quickly respond to customer requirements in this very important market."

Construction on the Tianjin plant was completed in the spring of 2010. Since then, JLG has gradually introduced additional product models into the plant for local fabrication and assembly. The facility utilizes the latest in manufacturing, subassembly, fabrication and paint technologies.

"With the Tianjin plant, we have brought together the most advanced manufacturing processes to continue our long, proud tradition of building the best access equipment in the world," said Szews. "Producing in the region will allow rapid product delivery to customers, and complement our other manufacturing locations."

Oshkosh has a rich history in China. The Company first entered the Chinese market in 1982, when it began supplying Aircraft Rescue and Fire Fighting (ARFF) vehicles. In 2002, a JLG sales office was opened in Hong Kong, followed in 2006 with an Oshkosh corporate office in Beijing. In 2008, Oshkosh opened an additional corporate office in Shanghai, primarily dedicated to sourcing parts and components for the manufacturing of Oshkosh and JLG products. Tianjin is a municipality located in northeast China, two hours from Beijing.

Today, many different Oshkosh Corporation products are in use throughout China, including ARFF and snow removal vehicles, fire trucks, tow trucks, mobile communications vehicles and access equipment. JLG equipment is in use at some of the largest and busiest shipyards, construction, building maintenance, and aviation and aerospace sectors. More than 100 Oshkosh ARFF products are in operation at major airports such as Shanghai Pudong Airport, Hangzhou Airport, Quzhou Airport, Ningbo Airport, Beijing Capital International Airport and Tibet Lasha International Airport, the worlds' highest airport at 4,500 meters. In 2010, Pierce Manufacturing, a subsidiary of Oshkosh Corporation, received delivery orders for new fire trucks from the Nanjing, Jiangsu Province Fire Bureau.

In addition to China, Oshkosh has manufacturing operations in nine countries including Australia, Belgium, Brazil, Canada, France, Mexico, Netherlands, Romania and the United States. Sales and service centers are strategically located throughout the world.

About JLG Industries, Inc.

JLG Industries, Inc. is the world's leading designer, manufacturer and marketer of access equipment. The Company's diverse product portfolio includes leading brands such as JLG® aerial work platforms; JLG, SkyTrak® and Lull® telehandlers; and an array of complementary accessories that increase the versatility and efficiency of these products. JLG is an Oshkosh Corporation company [NYSE: OSK]. For more information about JLG Industries, Inc., visit http://www.jlg.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®,McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline(TM), SMIT(TM), CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit http://www.oshkoshcorporation.com.

®, (TM) All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this presentation, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the impact on revenues and margins of the projected decrease in M-ATV production rates; the cost of any warranty campaigns related to the Company's products; the Company's ability to start production under the FMTV contract at targeted margins; the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness and tight credit markets; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company's intangible assets and/or a slower recovery in the Company's cyclical businesses than equity market expectations; the expected level and timing of U.S. DoD procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the potential for the U.S. government to competitively bid the Company's Army and Marine Corps contracts; the consequences of financial leverage associated with the JLG acquisition, which could limit the Company's ability to pursue various opportunities; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; risks related to production delays as a result of the economy's impact on the Company's suppliers; the potential for commodity costs to rise sharply, particularly in a future economic recovery; risks related to costs and charges as a result of facilities consolidation and alignment; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; risks related to disruptions in the Company's distribution networks; and the potential for increased costs relating to compliance with changes in laws and regulations. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update such forward-looking statements.

SOURCE: Oshkosh Corporation

Oshkosh Corporation
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