Hiab Secures EUR 35.8 Million Orders for Equipment from US Home Improvement and Building Supply Chains

(IN BRIEF) Hiab, a part of Cargotec, has received significant orders totaling EUR 35.8 million from two prominent US clients. A national home improvement chain has placed an order for MOFFETT truck-mounted forklifts valued at EUR 23.8 million, while a national building supply chain has ordered HIAB loader cranes and MOFFETTs worth EUR 12 million. These orders, part of Cargotec’s Q4 2023 intake, include equipment with the HiConnect™ telematic data solution and will be delivered throughout the first half of 2024. The MOFFETT forklifts offer versatility for single operators to handle heavy materials, while HIAB equipment prioritizes safety and smooth deliveries, meeting industry standards for emissions in North America, Canada, and Europe. Additionally, the building supply customer has invested in HiSkill™ crane operator training simulators, enhancing operator skills using virtual reality (VR) technology.

(PRESS RELEASE) HELSINKI, 31-Jan-2024 — /EuropaWire/ — Hiab, part of Cargotec, has received two significant orders for Hiab equipment in the US. A national home improvement chain has ordered MOFFETT truck mounted forklifts for a value of EUR 23.8 million, while a separate EUR 12 million order was made by a national building supply chain for HIAB loader cranes and MOFFETTs. The two orders were booked in Cargotec’s 23 Q4 order intake with deliveries being made throughout H1 2024.

All the equipment delivered is connected and comes equipped with the HiConnect™ telematic data solution. Hiab has a long-standing partnership with both customers and has been part of their US-wide operation for decades as an equipment and service provider.

One operator enough to deliver heavy materials
Pauliina Kunvik, Senior Vice President, Sales & Services, North America, Hiab, says: “MOFFETT has a reputation for delivering to the customer’s needs and requirements, like the national home improvement chain’s specifications. The MOFFETT truck mounted forklifts offer the versatility for a single operator to deliver anything their DIY or professional customers need for home improvement projects. From lumber to piping or turf to pave stones, deliveries can be made directly to their front porch or backyard — wherever the products need to be placed.”

The MOFFETT truck mounted forklifts ordered are M8 NX models with both three wheel drive and four-way steering. While it is very powerful, it is still compact enough to be carried on a wide variety of truck and trailer classes. All MOFFETT truck mounted forklifts are compliant with Tier 4 emission standards in North America & Canada and European Stage V regulations.

Safety is the number one priority
“Safety is the number one priority for the building supply customer. Hiab equipment offers industry-leading safety features to keep their operators out of harm’s way and deliver the products safely and smoothly. Their delivery model has been built around customer service and Hiab equipment delivers to their commitment to having the best service for their customers. In short, if one of their customers, such as a roofing contractor, wants the shingles delivered to the roof, they have the equipment to deliver it there,” says Pauliina Kunvik.

Apart from MOFFETT M8 NX truck mounted forklifts, the customer has ordered a variety of HIAB loader cranes in the medium and heavy range, and the specialised drywall crane in the K range. The largest drywall crane HIAB K-HIPRO 515 can deliver material up to nine stories.

Earlier this year, this customer invested in the HiSkill™ crane operator training simulator which uses virtual reality (VR) technology to create a safe and realistic learning environment to onboard and upskill operators of HIAB loader cranes.

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 11,800 people. www.cargotec.com

Media Contacts:

Pauliina Kunvik
Senior Vice President, Sales & Services, North America, Hiab
t: +1 419 654 9844
pauliina.kunvik@hiab.com

Nils Gjerstad
Senior Communication Manager, Hiab
m: +46 706 005 288
nils.gjerstad@hiab.com

SOURCE: CARGOTEC CORPORATION