Cargotec’s Hiab partners with Dalian Shidao Industry to strengthen foothold in China’s load handling equipment market

MULTILIFT hooklift in scrapyard

(IN BRIEF) Hiab, a subsidiary of Cargotec, has signed a license manufacturing agreement with Dalian Shidao Industry to expand sales and service coverage of MULTILIFT hooklifts in mainland China. Dalian Shidao Industry will manufacture, sell, and service Hiab’s MULTILIFT hooklifts in mainland China, providing wider coverage of Hiab’s products and services across the country. The new partnership aims to strengthen Hiab’s market position in China and contribute to sustainable growth in the region. Hiab is a world-renowned provider of on-road load handling equipment and services.

(PRESS RELEASE) HELSINKI, 9-May-2023 — /EuropaWire/ — Cargotec Corporation (HEL: CGCBV), a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution, announces that its subsidiary Hiab, a leading provider of smart and sustainable load handling solutions, has entered into a license manufacturing agreement with Dalian Shidao Industry Co. Ltd (DSI) to manufacture, sell, and service MULTILIFT hooklifts in mainland China. This agreement aims to expand the sales and service coverage of Hiab’s MULTILIFT hooklifts in mainland China while providing spare parts support.

As the world’s leading manufacturer of hooklifts and skiploaders, Hiab’s MULTILIFT is an industry leader in load handling equipment. Dalian Shidao Industry specializes in on-road load handling equipment and construction equipment, and with a nationwide sales and service network in mainland China, they can provide consistent and efficient service to Hiab’s existing and new customers.

DSI has been a supplier and contract manufacturer for Hiab in mainland China for several years, and the new agreement is expected to enhance their collaboration further. Through the new partnership, DSI will manufacture, sell, and service Hiab’s MULTILIFT hooklifts in mainland China, ensuring wider coverage of Hiab’s products and services across the country.

“Hiab is committed to delivering the best customer experience every day. We are excited that an experienced local partner like DSI can provide the best possible service to new and current customers in mainland China. The cooperation between Dalian Shidao Industry and Hiab is evolving and this time for the benefit of the Chinese hooklift operators and distribution partners who can rely on great products and support from DSI,” says Henri Janhonen, Vice President, Sales and Product Management, Demountables, Hiab.

“Dalian Shidao Industry is pleased to take the long-term cooperation with Hiab to a new stage,” says the President of Dalian Shidao, Lu Lin. She continues: “Dalian Shidao Industry will continuously strive to manufacture high-quality hooklifts in the Asia Pacific region and will provide advanced solutions to mainland China customers during the lifecycle of the products.”

Hiab is committed to providing customers with innovative and reliable solutions for load handling equipment. This partnership is expected to strengthen Hiab’s market position in China and contribute to sustainable growth in the region.

Further information:
Henri Janhonen, Vice President, Sales & Product Management, Demountables, Hiab, m: +358 41 506 2252, henri.janhonen@hiab.com

Weidong Sun, Dalian Sidao Industry, sunny.sun@shidaoindustry.com

Nils Gjerstad, Senior Communication Manager, Hiab, m: +46 706 005 288, 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, and tail lifts under the ZEPRO, DEL and WALTCO brands. As the industry pioneer, Hiab continues to make load handling smarter, safer and more sustainable to build a better tomorrow. www.hiab.com

Hiab is part of Cargotec Corporation. Cargotec (Nasdaq Helsinki: CGCBV) sales in 2022 totalled approximately EUR 4.1 billion and it employs around 11,500 people. www.cargotec.com

SOURCE: CARGOTEC CORPORATION