Bonfiglioli shares benefits of record result in 2021

The Bonfiglioli Group achieved €1 billion in sales in December 2021. To celebrate this corporate achievement at a time still economically marked by the pandemic, the Group has decided to donate €2 million to support three initiatives that focus on people, solidarity and sustainability, in line with the spirit and values that have guide the […]

21/12/2021 - 11:28 am

Konecranes and Cargotec seeks to satisfy competition concerns

Konecranes and Cargotec have submitted commitments to the European Commission to satisfy competition concerns related to the companies’ merger. Konecranes and Cargotec have continued an active dialogue and cooperation with the relevant competition authorities and have been considering ways to mitigate the concerns raised by the competition authorities to secure approvals to complete their merger. […]

10/12/2021 - 15:04 pm

MEWP rental market recovers more strongly than predicted

MEWP rental markets have recovered better than was predicted to be the case in 2020, with most countries seeing markets and wider economies on course to recover to 2019 levels by the end of this year or early in 2022, according to the latest analysis, conducted for the International Powered Access Federation (IPAF) by Ducker. […]

09/12/2021 - 16:17 pm

Konecranes reports record profits in face of Covid constraints

Konecranes has reported its fourth consecutive quarter of record profitability, powered by solid sales growth and high performance across the whole organisation. Strong orders in the first half of the year, together with continuing traction from strategic initiatives have given Konecranes good momentum for the latter half of the year. President and CEO Rob Smith […]

28/07/2021 - 08:05 am

TVH Parts finds partner in D’Ieteren Group

Parts specialist TVH, a global player in the field of spare parts and accessories for lift trucks, industrial vehicles, construction and agricultural machinery, has found a partner in D’Ieteren Group for 40% of the shares. In October 2020, it was announced that TVH Parts was looking for a strong minority shareholder who is aligned with […]

15/07/2021 - 19:42 pm

Jungheinrich looks to 2021 financial year with confidence

In spite of the economic impact of the global pandemic, Jungheinrich was able to close the 2020 financial year on a very positive note. Incoming orders and sales were valued at EUR 3.8bn (previous year EUR 4.07bn) and earnings before interest and taxes (EBIT), an indicator of a company’s profitability, was listed at EUR 218m […]

30/03/2021 - 20:16 pm

Jungheinrich reveals 2025+ strategy for profitable growth

In a presentation of its 2025+ strategy, Jungheinrich revealed it will focus on increasing profitability, efficiency and sustainability. Having achieved its strategic growth target for 2020 a year earlier than planned, the business now aims to create even greater sustainable value for its stakeholders in the coming years.  The new strategy detailed business ambitions including: […]

30/11/2020 - 18:06 pm

Palfinger’s Q3 results show stability despite difficult circumstances

Following a slump in the global economy during the first half of 2020, recovery in the third quarter had a positive effect on Palfinger AG’s revenue and earnings development. Especially in Europe, Russia, China and Latin America, in the third quarter, markets stabilised and contributed to solid profitability. Order levels are currently at nearly at […]

30/10/2020 - 10:56 am

Early measures reduced impact of COVID-19 on H1 for Jungheinrich

Jungheinrich AG has published its result for the first half of 2020: the key figures have been heavily affected by the global market decline in material handling equipment that resulted from the coronavirus pandemic in the second quarter. Incoming orders were reduced by 12.3% to €1811 million in the first half of 2020. Revenue fell […]

11/08/2020 - 13:59 pm

New Issue

LHI Jan/Feb 2022

In this month's issue