Latest news from Heavy Lift & Project Forwarding International Magazine

Cargotec disappoints in 2012

February 14 - Cargotec Corporation has posted its FY 2012 performance figures.

The Helsinki, Finland headquartered equipment manufacturer has seen its total number of orders decline by five percent year-on-year to EUR3.06 billion (USD4.1 billion).
Sales for FY 2012 grew six percent to EUR3.33 billion (USD4.46 billion). However, operating profit at the equipment manufacturer was EUR131 million (175.4 million) - a year-on-year tumble of 37 percent.
Net income for the trading period amounted to EUR89.2 million (USD119.4 million)- down from EUR149.3 million (USD199.9 million) for FY 2011.
Cargotec's interim president and ceo Taipo Hakakari, commented that the company had sought to improve profitability and cash flow during 2012, but "we did not achieve all out targets".  As a result, Cargotec was forced to let go a proportion of its workforce.
Furthermore, Hakakari noted that the company has launched a new business model: "These changes are aimed at achieving streamlined operations, profitable growth and greater market share. We believe that we are in a strong position to turn the situation around, led by our new president and ceo as of March 1, 2013 Mika Vehviläinen.

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 36
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 70
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 66

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