MOVING SOLUTIONS Finland headquartered Cargotec Corporation provides cargo handling solutions, including onroad load handling equipment, container handling equipment for ports and terminals, heavy industrial material handling equipment, marine cargo flow and offshore solutions. Barbara Rossi reports. 134 Industry Europe
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he Cargotec Corporation has been formed through a series of mergers and acquisitions during the last couple of decades. Specifically it was formed in June 2005, when the Kone Corporation demerged, giving birth to two companies, namely Cargotec and New Kone. After the demerger, Kone Corporation’s load handling (Hiab), container handling (Kalmar) and marine cargo handling (MacGregor) businesses became part of Cargotec. Despite the corporation being only seven years old, the businesses within Cargotec have much longer histories, during which their know-how, product offering and
customer relationship have been built. They are in fact recognised leaders in cargo and load handling solutions around the world. In 2010 Cargotec’s sales reached €2.6 billion, it employs 11,000 people worldwide, and the corporation has been listed on the Helsinki stock exchange since 1 June 2005, as well as being now present in more than 160 countries. The corporation has production units located in Finland, Sweden, Norway, Estonia, Poland, the Netherlands, Ireland, Spain, the USA, China, India, Korea, Malaysia, and Singapore. Moreover, part of Cargotec’s manufacturing has been outsourced to
