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Crane Information

Another Record Year For Palfinger (20-02-2019)

Crane and access equipment manufacturer Palfinger has published its 2018 results having achieved another year of record revenues.

Total revenues for the year were €1.61 billion, an increase of 9.8 percent over last year and a new record for the company. The Land division, which includes cranes and aerial work platforms makes up almost 88 percent of this. Pre-tax profits for the year were €111 million, compared to just €6.1 million in 2017 when substantial restructuring costs added to challenges with manufacturing and supply.

The Land business comprises several divisions which are not broken down in terms of sales, but we do know that Europe comprises more than half the revenues at round €939 million and was the primary driver in terms of growth. North America is the second largest region, followed by Asia. Land revenues overall were 14 percent higher at €1.4 billion with an operating profit of €180 million up 23 percent on 2017. 

Staying with the Land division, fourth quarter revenues were 19 percent higher, than in the same period in 2017 at €382 million, while operating profit jumped 44 percent to €47.2 million. 

Expert Comment

This is of course a first class result from Palfinger, the sad thing is that trying to extract concise financial information from the massive bible that comprises its annual report is becoming increasingly challenging, although the report does include a massive amount of detail on diversity, health and safety and other issues that are hard to relate directly to financial performance. 

The core material handling business - Land - continues to shine, while the expensive diversification into the marine 'Sea' business remains challenging and some might say a distraction. The company now comprises 86 companies in 34 countries with 35 production facilities along with several joint ventures in Russia, China and Argentina, to name but three.

The group appointed a new chief executive in 2018 - Andreas Klauser - so it will be interesting to see what changes he will make as he becomes more familiar with the business and its customers. So far he has overseen a simplification of the company structure into the new Palfinger Global Organisation, which one assumes is ongoing. The company is also targeting annual revenues of €2 billion over the next few years and ought to achieve that sooner, rather than later. 

In the meantime a very positive result with indications that the company is gaining momentum again.

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Liebherr-Werk Ehingen Celebrates 50 Year Anniversary (18-02-2019)

On 22 February 1969 Hans Liebherr founded Liebherr-Werk Ehingen GmbH. Customers use the company's mobile and crawler cranes worldwide in numerous industries. The approximately 3,600 employees in the company produce around 1,800 machines every year. The current product range includes forty different crane types. Every customer, every application, every country has its own requirements of the complex machines. The cranes manufactured in Ehingen can be roughly divided into two product lines. On the one hand, there are the wheeled mobile cranes, on the other hand are the crawler cranes with lattice jibs or telescopic booms. The most powerful crawler crane towers over the famous Ulm Minster church located a stone’s throw away from Ehingen. It is 240 metres high and lifts loads up to 3,000 tonnes.

The beginnings of the Liebherr-Werk Ehingen GmbH were quite modest. The truck crane AUK 40T-60 was produced from 1969 with 87 employees. The company sold a total of 79 machines between 1969 and 1972, making the AUK 40T-60 the bestseller of the founding years. With around 2,500 deliveries, today the Liebherr telescopic mobile crane LTM 1030-2.1 is the top-selling model from Ehingen. The two-axle variant impresses with high functionality and reliability and was the world's first mobile crane with data bus transmission technology at the time of market introduction.

The success factors back then as well as today are similar at Liebherr-Werk Ehingen GmbH. In development performance, safety and efficiency are paramount to the engineers and product designers. The suggestions for innovations often come directly from the users. "Developing and intensifying customer proximity is definitely one of our strengths," says Christoph Kleiner, Managing Director Sales of Liebherr-Werk Ehingen GmbH. He also mentions the reliability of the Ehingen cranes as another strength. "Ninety percent of all cranes ever built by us are still in use after decades," he says. This is owed to the high product quality and the special standards in customer services.

The driving forces behind customer proximity and product quality, innovations and customer services are the employees, also at Liebherr in Ehingen. "Fifty years of Liebherr in Ehingen are first and foremost fifty years of the commitment, willingness to perform and loyalty of our staff," says Mario Trunzer, Managing Director Administration. "Without their dedication and their ideas we would not have been able to develop so successfully," adds Trunzer. "We would like to express our sincere thanks to the staff."

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Swift Installation Of A Cold Box (16-02-2019)

ALE has drawn on its experience in delivering tightly planned, efficient heavy lifting projects to complete the lifting of a cold box, weighing 272t (300 US t), in North Carolina, USA.

The cold box measured 45.7m x 9.1m x 6.1m (150ft x 30ft x 20ft) and two crawler cranes were required to lift it from its initial horizontal position. ALE supplied spreader bars and rigging that were designed specifically for the lift and were used to connect the box. A 750t capacity crane with a superlift ballast wagon was used to lift from one end while a 300t capacity crane was used as the tail crane to simultaneously lift from the other.

Once the cold box had been lifted into position, ALE set it down onto a permanent foundation. The lifting operation was completed within a few hours.

Levi Lawrence, Operations Manager, said, “We’re delighted to be bringing ALE’s trusted heavy lifting services to the US. Lifts like these demonstrate ALE’s ability to perform a variety of lifts anywhere in the world while drawing on our diverse range of expertise.”

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