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Why invest in Cargotec
On 27 April 2023, Cargotec's Bopard of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. On 30 May 2024, Cargotec's Annual General Meeting resolved on the partial demerger of Cargotec Corporation in accordance with the demerger plan. On 30 June 2024, the completion of the partial demerger of Cargotec Corporation was registered with the Finnish Trade Register. Read more
Research and product development expenditure in the year 2024 totalled EUR 39 (35) million, representing 2 (2) percent of sales. Hiab continuously develops equipment, intelligent services and connected solutions that create more value and empower customers to do their jobs with focus on sustainability, safety, reliability and efficiency. During the year 2024 Hiab launched 45 new products.
For loader cranes, Hiab launched HIAB wspr, a portfolio of emission-free and quiet electric hybrid crane solutions able to operate using power from both the truck engine and a separate electric power take-off (ePTO). When using electric power, the crane is near silent and also provides the flexibility to operate in low- or no-emission zones, or late at night. Additionally, Hiab introduced a new engine control feature for loader cranes in June. The feature includes an automatic start/stop functionality and dynamic flow control, which can save up to 20 percent in diesel consumption.
During the year, Hiab also launched the HIAB eX.HIPRO crane, the HIAB iQ.708 HIPRO heavy loader crane and the new JONSERED iZ.18R HD recycling crane. The HIAB eX.HIPRO provides unprecedented efficiency with energy savings of up to 30 percent while the HIAB iQ.708 HIPRO offers a design that balances weight, lifting performance and dimensions that contribute to increased safety and valuable payload. The JONSERED iZ.18R HD recycling crane signals entering the 18–19 tonne metre market, offering a sturdy and resistant mechanical structure platform.
In demountables, Hiab launched the MULTILIFT eULTIMA, the world’s first plug-and-play hooklift designed specifically for electric trucks. Built with sustainability in mind, it is designed to deliver exceptional performance and efficiency, setting a new industry standard. Additionally, Hiab unveiled a new L2 Driver Support feature that automates reversing the vehicle into the optimal position for loading and unloading, as well as the MULTILIFT Talon, a semi-autonomous load handling system for defence logistics that automates and enhances container handling for faster, safer operations in challenging conditions.
The truck mounted forklift range has been updated with new electric and diesel models. The all-electric E Series now includes the E2, E5, and E8 models on top of previous models. Safety and performance has been increased in the upgraded N8 NX2 (formerly M8 NX) diesel model through a completed mid-life upgrade. New engines were also developed for Latin America to cope with emission requirements and for the M4 to improve supply chain flexibility. Additionally, the new Narrow M9 model with AI-powered person detection is now available for the poultry segment.
In tail lifts, Hiab launched the WALTCO MDV liftgate series for speedy and hassle-free dock loading and distribution. Combined with intuitive controls for easy operations, the new liftgate series offers several sustainability advantages and safety features.
In services, Hiab announced an expansion of its spare parts portfolio and the launch of MyHiab mobile app. The spare parts portfolio expansion creates new opportunities for growth in circular services, and the app improves operator productivity and safety by providing features and content about Hiab equipment throughout its lifecycle and establishes a communication channel between Hiab and the end users.
