Latest news from Heavy Lift & Project Forwarding International Magazine

Record year for Liebherr

The Liebherr Group has achieved an annual turnover of over EUR10 billion (USD11.3 billion) for the first time in the company’s history. 

Despite a slight decline in overall economic growth, 2018 was a record year for the Liebherr Group; both the construction machinery and mining equipment divisions recorded overall increases in sales revenues. 

Within these divisions, Liebherr said the earthmoving, mobile cranes and mining business units posted “especially strong contributions”. 

The company added that sales continued to increase within the European Union (EU), which Liebherr said is its most important sales region.

Outside of Europe, Liebherr is investing in projects such as the development of the Newport News site in the USA. The expansion of the crane, construction machinery and concrete technology divisions is intended to support the group’s long-term growth strategy in the US market.

Looking ahead, Liebherr said: “According to the latest projections, global economic growth is expected to continue to slow during the current year. However, there are no signs of an imminent recession. Demand in most regions and industries may develop very positively in 2019. Therefore, the group expects sales revenues to continue to rise in 2019. The order books which were already nicely filled at the start of the year also suggest this.”

www.liebherr.com

Heavy Lift | News

Modulift performs locomotive lift thumbnail image

Modulift performs locomotive lift

May 24 - Modulift has provided equipment to lift a steam locomotive, built in 1926, on behalf of Swanage Railway, a tourist attraction in the UK.
Views: 117
Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 138
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: 126

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.