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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
Hiab's research and product development expenditure in the second quarter totalled EUR 10 (9) million, representing 2 (2) percent of sales. In research and development, Hiab focused on solutions supporting climate targets such as electrification, energy efficiency, digitalisation and automation as well as projects that aim to improve the competitiveness and cost efficiency of products.
In May, Hiab announced an expansion of its spare parts portfolio, creating new opportunities for growth in circular services. With Hiab Exchange Parts, a returned component is recycled, remanufactured or disposed of by Hiab and replaced by a Red Parts component with reduced price, extending the lifetime of older equipment.
In June, 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.
Also in June, Hiab announced the launch of MyHiab mobile app to improve operator productivity and safety. The digital companion provides features and content about Hiab equipment throughout its lifecycle. It also establishes a communication channel between Hiab and the end-users.
A new engine control feature was introduced for HIAB 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 second quarter Hiab finalised the development of the HIAB eX.HIPRO crane, launching the crane in early July. With its advanced all-new hydraulic system, the eX.HIPRO crane provides unprecedented efficiency with energy savings of up to 30 percent. It is designed to maximise uptime and productivity, backed by extensive warranties and a wide network of service support.
MacGregor's research and product development expenditure in the second quarter totalled EUR 2 (2) million, representing 1 (1) percent of sales. In research and development, MacGregor focused on solutions supporting climate targets such as digitalisation, electrification and automatisation, as well as projects that aim to improve the competitiveness and cost efficiency of products.
During the second quarter, MacGregor continued the work with the self-unloader vibration feeder, “GravityVibeTM” with a real scale test facility. GravityVibeTM is a new and augmented gravity self-unloading system that will allow bulk carriers to deliver a wider variety of cargo, in greater volume. Equipped with a patent-pending vibrating unloader, the new system minimises internal friction, facilitating the discharge of coarse materials like wood chips from the cargo hold.
