EU antitrust regulators will decide by July 2 whether to clear the merger of Finnish engineering company Konecranes and cargo handling machinery maker Cargotec.
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Cargotec Corporation: Cargotec s interim report January-March 2021: Strong orders
Cargotec s interim report January-March 2021: Strong orders
Orders received increased by 43 percent
Profitability improved
Service orders received increased by 11 percent
Sale of Navis for EUR 380 million enterprise value was announced in March. Closing is expected by the end of Q3 2021
Cargotec aims to reduce the CO2 emissions of its value chain by 1 million tons by 2024
January-March 2021 in brief: Share of services in sales increased
Orders received increased by 43 percent and totalled EUR 1,115 (781) million.
Order book amounted to EUR 2,217 (31 Dec 2020: 1,824) million at the end of the period.
Sales decreased by 15 percent and totalled EUR 730 (858) million.
Cargotec Corporation: Hiab to supply UK s Marshall with 108 new HIAB loader cranes HIAB XS 099 HiProCARGOTEC CORPORATION, PRESS RELEASE APRIL 28 2021 AT 1:45 PM EEST
Hiab, part of Cargotec, will supply the leading UK hard landscaping manufacturer Marshalls with 108 new HIAB loader cranes equipped with the connected service HiConnectand ProCareTotal Repair and Maintenance contracts for eight years. The order value of EUR 4.9 million were ordered and booked in Cargotec s quarter 1 order intake of 2021.
Marshallsis a complete external landscaping products business - from planning to engineering, to guidance and delivery. From the highlands of Scotland to England s southern tip, they offer a three-day delivery promise, even for precious and fragile items, delivered by their fleet of 200 vehicles.
Hiab to supply 37 loader cranes in Spain to maintain railway infrastructure
Hiab, part of Cargotec, will supply 37 HIAB loader cranes equipped with connected service HiConnect™ to ADIF (Administrador de Infraestructuras Ferroviarias), the Spanish state-owned railway infrastructure manager. The units will be supplied as part of a tender to replace old loader cranes and it was won by Prosutec and Air Rail in February 2021. The deal value of EUR 1.7 million was booked in the first quarter of 2021, according to the company s release.
The cranes to be supplied will be a rail specific variant HIAB X-Rail 192 based on the medium range HIAB X-HiPro 192 and and the light range HIAB X-HiDuo 118 with specific modifications for use with railway maintenance. They will be installed on draisines to be used to maintain railways, predominantly lifting and unloading materials such as rails and sleepers either by hook or grapple.