Cargotec to exit STS and yard crane markets

Cargotec is poised to rebrand to Hiab pending the demerger of Kalmar and potential sale of MacGregor.

Listing prospectus reveals Kalmar is planning to create a new brand identity if the partial demerger of Cargotec is approved.

Cargotec’s Q1 2024 report reveals record-breaking performance with EUR 137 million operating profit, marking its strongest start ever.

The operating profit percentages for the different business areas varied throughout the year, with Kalmar at 12.9%, Hiab at 14.1%, and MacGregor at 4.3%.

The two Kalmar electric straddle carriers will feature batteries with an operation time of 45–50 minutes and a charging time of five to six minutes.

The Port of Salalah has taken delivery of the first four cranes in a series of 10 super-post panamax STS cranes being manufactured by ZPMC. The remaining cranes will arrive at Oman’s largest container port in Q2 2024 with all units fully commissioned in the third quarter of the year.