SECTOR REPORT Ӏ LOADER CRANES
manufacturing locations in Himmelkron, Wirsberg, Wendelstein and Nuremberg. Giovanni Fassi, managing
director of Fassi Gru, visited Bavaria Fahrzeugbau’s HQ in the summer where he confirmed that there are no plans to change the corporate direction of the company, saying the aim of the acquisition was to consolidate leadership in the German market. Fassi’s latest loader crane is the F1250R-HXP, part of the Techno range. It has nine hydraulic extensions offering up to 33.4 m horizontal outreach and 37 m vertical reach with the L436 hydraulic extension. This increases to 43.5 metres with the addition of three manual extensions. The crane’s outer boom has
an X-design profile and a lifting capacity of more than 96 tm. It is equipped with Fassi’s FX990 digital control system. Thanks to the three dedicated CAN-bus lines, the unit is designed to optimally manage the sensors, controls and connection to the vehicle. Connectivity and processing power is further enhanced by two Ethernet lines.
80TH ANNIVERSARY Another company celebrating an anniversary is Malmo, Sweden- headquartered loader crane
manufacturer Hiab. The company was founded in Hudiksvall, Sweden, by Eric Sundin and Einar Frisk in 1944 – meaning this year marks its 80th year in business. Hiab is part of the Cargotec
group. It is, however, currently in the process of being made a standalone company again after Cargotec decided to carry out a structure change which will result in three separate businesses emerging from the current Cargotec group. The group is selling its
MacGregor marine business and, as of 1 July 2024, demerged its Kalmar brand to form a separate listed company. Once finalised these changes will then leave Hiab as a standalone business. In its half-year 2024 financial
report Cargotec reported continued strong profitability for Hiab, although it said delayed decision making continued to impact customers’ ordering behaviour. Orders received declined by seven percent to EUR 348 million. Hiab’s sales decreased from a
Hiab’s iQ.708 Hipro
record-breaking comparison period by 11 percent to EUR 433 million. Service sales continued to increase
and amounted to EUR 115 million, representing 27 percent of Hiab’s sales. Despite lower sales, Hiab’s profitability remained on a good level and the comparable operating profit amounted to EUR 69 million, corresponding to 15.9 percent of sales.
With new product launches,
however, the company is optimistic for the future. This is reflected in new long-term financial targets set for 2028 where Hiab aims to grow over seven percent over the cycle and to reach a comparable operating profit of 18 percent (as a business area of Cargotec) and deliver an over 25 percent operative ROCE. Setting Hiab- specific financial targets is also a major milestone on Hiab’s journey to become a standalone company, says Cargotec.
LATEST LOADER Hiab’s most recent new loader crane was launched in September. It is the Hiab iQ.708 Hipro, a heavy loader crane in the 60 to 70tm range category. It has a maximum vertical reach of 40 metres and, with a of 15 tm jib, can deliver materials with an ‘up and over’ of 26 metres.
The crane is equipped with
Hiab’s most advanced control system, SPACEevo, designed to provide improved productivity
18 CRANES TODAY
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