MCNEILUS NEWS

SSAB Partners with McNeilus, Oshkosh to Build First Commercial Vehicles in U.S. with Fossil-Free Steel

McNeilus refuse collection vehicles chosen for first prototypes in manufacturing environmentally sustainable severe-duty vehicles.


Dodge Center, Minn. (Sept. 20, 2022) –  McNeilus Truck and Manufacturing, Inc, an Oshkosh Corporation (NYSE:OSK) company, is excited to announce a partnership with SSAB in fossil-free steel applications for severe-duty commercial vehicles. SSAB initiated this partnership with Oshkosh Corporation because of its reputation as a leading innovator of mission-critical vehicles and essential equipment, including McNeilus’ market-leading refuse collection vehicles.

The first use of this fossil-free steel will be to prototype advanced, environmentally sustainable McNeilus® refuse collection vehicles. Oshkosh Corporation and McNeilus are working together on future research and development initiatives across multiple commercial vehicle product lines.

“Creating a more sustainable future is central to our strategic vision,” said Brad Nelson, President of McNeilus Truck and Manufacturing and Senior Vice President of Oshkosh Corporation. “As a leader and innovator in the industries we serve, Oshkosh Corporation and McNeilus are proud to partner with SSAB on this global initiative as a next step in delivering high-performance, sustainable products to our customers.”

“We are very happy to welcome Oshkosh Corporation and McNeilus into our partner group to be the first in the United States to prototype fossil-free steel in commercial and industrial vehicles,” says Martin Lindqvist, President and CEO at SSAB. “Demand for fossil-free steel continues to increase globally. This step confirms our commitments to mitigate global climate change, and collaboration with forward-thinking organizations around the world for industry-leading change is how it will happen.”

SSAB aims to deliver fossil-free steel to the market in commercial scale during 2026 and delivered the first steel made of hydrogen-reduced iron in 2021. SSAB works with iron ore producer LKAB and energy company Vattenfall in Sweden as part of the HYBRIT initiative to develop a value chain for fossil-free iron- and steel production, replacing coking coal traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. This process virtually eliminates carbon dioxide-emissions in steel production.

Sustainability efforts across McNeilus and Oshkosh Corporation include working to reduce the “use-phase” emissions of products through fuel efficiency, alternative fuels and electrification to help customers significantly reduce their carbon footprint and move industries forward. ”


About McNeilus

McNeilus Truck and Manufacturing, Inc. is a refuse collection vehicle innovator with leading advancements in electrification, intelligent products, active safety and advanced manufacturing. Product offerings include an expansive lineup of front loaders, rear loaders and side loaders, including EV solutions. McNeilus provides OEM parts and also partners with top equipment dealers across North America to provide best-in-class support and access to service and parts close to home. Learn more: https://mcneilusgarbagetrucks.com/.



About Oshkosh Corporation

At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs approximately 17,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Hinowa, Power Towers, Pierce®, MAXIMETAL, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com.

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

 

 

Forward Looking Statements

This news 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 news release, 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 risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.