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Why invest in Cargotec
In April 2023 Cargotec's Board of Directors decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies. Cargotec’s intention would be to separate Kalmar as a new listed company by means of a partial demerger from Cargotec. In February 2024, Cargotec's Board approved a demerger plan concerning the separation of Kalmar into a new listed company. More information.
Business environment (from Cargotec's financial statements review 2023, 1 February 2024)
The business environment in which Cargotec operates is complex, stemming from high interest rates and inflation, possible interruptions in supply chains, growing geopolitical tensions, and sluggish growth estimates. However, many of our customers and partners are performing well.
According to the World Bank’s Global Economic Prospects report published in January 2024, the global economy grew by 2.6 percent in 2023, and is projected to slow to 2.4 percent in 2024. In the World Bank’s advanced economies group (a group of countries which includes several key Cargotec markets, such as the United States, the United Kingdom and Germany), the World Bank estimates a 1.5 percent growth in 2023 and projects a 1.2 percent growth in 2024. According to the report, the slowing down of global growth reflects the effects of tight monetary policy, restrictive financial conditions, and feeble global trade and investment. A possible escalation of the recent conflict in the Middle East and associated commodity market disruptions, financial stress amid elevated debt and high borrowing costs, persistent inflation, and climate-related disasters add to the uncertainty.1
The demand for MacGregor’s cargo and load handling solutions is impacted by the level of merchant ship contracting, which by the end of 2023 amounted to 1,6322 (2022: 1,2863). In the offshore sector, the number of new contracts was 1222 (1373). In 2024, the number of new merchant vessel orders is projected to be 1,577, and in the offshore sector 2044.
1) World Bank: Global Economic Prospects report, January 2024
2) Clarksons Research, January 2024
3) Clarksons Research, January 2023, excluding late registrations
4) Clarksons Research, September 2023
Cargotec is determined to grow its business through strong customer focus. We offer products, integrated solutions and services designed to meet customers’ specific needs. Our customers include leading global and local players within their industries.
Main customers by business areas
Ports
Terminals
Distribution centres
Various industries
Transportation companies
Fleet operators
Single truck owners
Rental companies
Truck manufacturers
Municipalities and governments
Defence forces
Ship owners
Ship and terminal operators
Design offices and ship yards in offshore and merchant sector
Ports and navies
​Cargotec is a leading player in all of its business areas. Below you can find a table of the competitors of Cargotec's business areas.
| Global main competitors |
ZPMC |
Palfinger |
NOV |
| Other competitors |
ABB |
Fassi |
Navalimpianti Group |
| Â | Kalmar | Hiab | MacGregor |
