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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 third quarter totalled EUR 8 (8) million, representing 2 (2) percent of sales. In research and development, Hiab focused on solutions supporting sustainability 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 September, Hiab launched the heavy loader crane HIAB iQ.708 HIPRO. The model offers a design that balances weight, lifting performance and dimensions that contribute to increased safety and valuable payload. The loader crane is equipped with an advanced SPACEevo control system for improved operational efficiency and safer operations. HIAB iQ.708 HIPRO also expands the range of truck installation options for customers.
In August, 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.
Also in August, Hiab launched the new JONSERED iZ.18R HD recycling crane, equipped with the advanced SPACEevo control system. For JONSERED, the introduction of this new model signals entering the 18–19 tonne metre market, offering a sturdy and resistant mechanical structure platform.
During the quarter, Hiab introduced MULTILIFT Talon, a semi-autonomous load handling system for defence logistics. Talon automates and enhances container handling for faster, safer operations in challenging conditions. Key features include automatic configuration changes, single-person operation, and enhanced safety measures that allow cargo loading without the operator leaving the cabin.
MacGregor's research and product development expenditure in the third 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 third quarter, MacGregor introduced Carbon Calculator. With the calculator, a vessel owner can find out how much CO2 emissions could be reduced on a vessel with the help of Cargo Boost solution. After having filled in the vessel's operational details (voyage data, vessel input and boost input, etc.), the calculator will estimate how much CO2 emission reduction can be expected.
In August, MacGregor took highly automated cranes to market. The solution combines advanced electric drive technology to deliver improved safety, enhanced efficiency, and extended equipment lifetime. Highly automated cranes leverage advanced LIDAR sensors to scan and plan the unloading process. This ensures precise movements and optimal positioning of the cranes, reducing the need for manual intervention.
