Hiab

Sinotruk Hiab (Shandong) Equipment Co., Ltd, a 50/50 joint venture between Hiab (Cargotec) and China National Heavy Duty Truck Group, celebrated its official inauguration in TaiAn, Shandong province, China. The JV was established in November 2013.

Hiab, part of Cargotec, has signed a record-breaking agreement worth over €60 million to supply Moffett truck-mounted forklifts to a major US home improvement chain. Deliveries will start in Q3 2019 and continue until May 2020.

Hiab, part of Cargotec, completed the acquisition of Effer S.p.A., a knuckle-boom crane manufacturer, from CTE Group. The signing was announced on July 31, 2018.

Hiab, part of Cargotec, has agreed to acquire the Effer loader cranes business from CTE Group for an enterprise value of EUR 50 million. Effer is headquartered in Minerbio, Italy.

Hiab, part of Cargotec, will supply Rock Logistics with 26 remote-controlled loader cranes for its delivery contract with Lysaght, a division of BlueScope Steel, in Victoria and Tasmania. The order is worth approximately EUR 1 million.

Hiab, part of Cargotec, is opening a new factory installation and competence centre in Meppel, the Netherlands, during the first quarter of 2018. The centre will offer FrameWorks subframes, truck bodies and complete vehicle solutions for Hiab's European customer base.

Hiab has received orders for more than 30 HIAB loader cranes from UK-based customers Lawrence Vehicles Daf and MV Commercial Limited.

Hiab, part of Cargotec, has received an order for close to 40 LOGLIFT F96ST forestry cranes from Russian logging company ULK. The order is valued at over EUR 1 million and was booked in Q3 2017.

Hiab completed the formal process to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda. The transaction was announced on August 1, 2017.

Hiab, part of Cargotec, has agreed to acquire the loader crane business of Argos Guindastes Indústria e Comércio Ltda in Brazil, expected to close in Q3 2017.

Hiab, part of Cargotec, received an order for several HIAB L-HiPro 145 loader cranes from Wincanton Plc, valued at around EUR 1 million, with delivery during the first quarter of 2017.

Hiab, part of Cargotec, received an order for several HIAB L-HiPro 145 cranes from Wincanton Plc valued at around EUR 1 million, booked into Cargotec's 2016 fourth quarter order intake.