CARGOTEC CORPORATION, TRADE PRESS RELEASE, 2 MAY 2024 AT 10:00 AM EEST
Hiab, part of Cargotec, expands its spare parts offering so every customer finds a solution tailored to their needs, with the introduction of Red Parts and Exchange Parts to complement Original Parts.
“We want to offer all customers spare parts priced right for their equipment, regardless of age and condition. We have therefore complemented our Original Parts with Red Parts and Exchange Parts that present a compelling value proposition for customers with ageing units, characterised by limited remaining lifespan and low utilisation levels. The new spare parts portfolio will provide more customers with peace of mind, as its usage helps provide safe operations and reliable performance,” says Michael Bruninx, Senior Vice President, Services, Hiab.
Red Parts is a cost-effective quality alternative to Original Parts, ideal for equipment in the latter part of its lifespan. Through the Exchange Parts programme, customers can return used components and obtain replacement parts at a lower price than a new standard Original Part.
“With these new introductions, we anticipate a growth in our parts market share. This enhanced offering complements our flagship Original Parts, which continue to deliver industry-leading performance and quality,” says Michael Bruninx.
He continues “Good maintenance and utilising Hiab’s Original Spare Parts is the best way to advance a circular economy. Now, we're expanding these efforts by introducing new, appealing spare parts alternatives for prolonging the operational lifespan of older Hiab equipment.”
Red Parts, affordable alternative parts for ageing equipment
Red Parts components have equivalent performance specifications to Original Parts but can have a shorter lifespan without compromising quality or safety. It is a portfolio of cost-effective parts suited for the maintenance and repair of equipment nearing the end of its first usage cycle. The new offer helps customers operate their older Hiab equipment efficiently and safely at a lower cost.
The Red Parts offering is being launched with engine components for truck mounted forklifts and will be expanded to cover more equipment brands and component types during 2024.
Exchange Parts, improved circularity and lower costs
To improve circularity and avoid potential safety and quality issues caused by repairs of items like large cylinders, Hiab has launched the Exchange Parts programme. When a customer returns a used part they will receive a compatible, exchange component at a lower price than an Original Part. Exchange Parts components have the equivalent specifications to the Original Parts, so there is no compromise on quality or safety. Returned parts are recycled, remanufactured or properly disposed of by Hiab.
Original Parts is the flagship offering
Original Parts remains the spare parts flagship offering from Hiab, recommended for the longest lifetime and to maximise performance. These parts are required for equipment under warranty and assets that are in daily operation.
All Hiab Spare Parts have a 12-month warranty to provide customers with peace of mind.
Further information:
Michael Bruninx, Senior Vice President, Services, Hiab, michael.bruninx@hiab.com
Nils Gjerstad, Senior Communication Manager, Hiab, m: +46 706 005 822, nils.gjerstad@hiab.com
About Hiab
Hiab is a leading provider of smart and sustainable load handling solutions. We are committed to delivering the best customer experience every day with the most engaged people and partners. Hiab's premium equipment includes HIAB, EFFER and ARGOS loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT skiploaders and hooklifts, GALFAB roll-off cable hoists, tail lifts under the ZEPRO, DEL and WALTCO brands, and HIPERFORM, a suite of smart solutions. As the industry pioneer, Hiab continues to make load handling smarter, safer and more sustainable to build a better tomorrow. Hiab is part of Cargotec Corporation. www.hiab.com
Hiab is part of Cargotec Corporation. Cargotec (Nasdaq Helsinki: CGCBV) sales in 2023 totalled approximately EUR 4.6 billion and it employs around 11,300 people. www.cargotec.com