Cargotec Oyj (Cargotec) is a provider of cargo and load handling systems and services. Its portfolio of services includes on-road load handling solutions, marine cargo flow solutions and offshore solutions, and heavy industrial material handling, container handling equipment and related solutions. The company’s products include loader cranes, tail lifts, forklifts, yard cranes, straddle carriers, reach stackers, and load handling and mooring solutions. It also provides terminal tractors, log lift forestry cranes, hook lifts, skip loaders, forestry and recycling cranes, truck-mounted forklifts and empty container handlers. It serves single truck owners, fleet operators, ship owners, distribution centers, ports, industrial, logistics, offshore, delivery, ports, marine and offshore industries. The company has operations across Finland, China, Germany, Ireland, South Korea, Norway, India, Poland, Spain, Sweden, the UK, Malaysia, and the US. Cargotec is headquartered at Helsinki, Finland.
Headquarters
Finland
Address
Porkkalankatu 5, Helsinki, 00180
Website
www.cargotec.com
Telephone
358 2 07774000
No of Employees
11,525
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
CGCBV (HEL)
Revenue (2022)
$3.9B
1.6%
(2022 vs 2021)
EPS
XXX
Net Income (2022)
XXX
2906.1%
(2022 vs 2021)
Market Cap*
$2.8B
Net Profit Margin (2022)
XXX
2,876.0%
(2022 vs 2021)
* As of and is in US$
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Products and Services
| Products | Services | Brands |
|---|---|---|
| Forklift Trucks | Financial Services | Hiab |
| Log Stackers | Maintenance | Kalmar |
| Loader Cranes | Installation | MacGregor |
| XXX | XXX | |
| XXX | XXX | |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In January, Kalmar concluded a deal to supply Hanselmann GmbH for forklift trucks. |
| 2022 | Contracts/Agreements | In December, Kalmar received a repeat order of two Kalmar Eco reachstackers from Portos dos Acores. |
| 2022 | Contracts/Agreements | In December, Kalmar secured an order from Maputo Port Development Company in Mozambique for 14 Kalmar T2i terminal tractors and three Kalmar forklift trucks, two heavy models and one medium model. |
Competitor Comparison
| Key Parameters | Cargotec Oyj | Komatsu Ltd | KONE Corporation | Terex Corp | Wuxi HuaDong Heavy Machinery Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Finland | Japan | Finland | United States of America | China |
| City | Helsinki | Minato-Ku | Espoo | Norwalk | Wuxi |
| State/Province | - | Tokyo | - | Connecticut | Jiangsu |
| No. of Employees | 11,525 | 62,774 | 63,378 | 8,600 | 910 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jaakko Eskola | Chairman | Executive Board | 2022 | - |
| Tapio Hakakari | Vice Chairman | Executive Board | 2009 | 68 |
| Ilkka Herlin | Director; Vice Chairman | Executive Board | 2022 | - |
| Mika Vehvilainen | Chief Executive Officer | Senior Management | 2019 | 60 |
| Mikko Puolakka | Chief Financial Officer; Executive Vice President | Senior Management | 2016 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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