Cargotec to exit Kalmar’s loss-making heavy port crane business

Cargotec has announced that its port equipment brand Kalmar will exit the heavy crane business and instead focus on mobile solutions following the cancellation of the merger with Konecranes.

The Finnish company intends to either sell Kalmar’s heavy duty cranes segment or, if it cannot find a buyer, ramp down its production of rubber-tyred gantry (RTG) cranes, rail-mounted gantry (RMG) cranes, automated stacking cranes (ASCs) and ship-to-shore (STS) cranes.

Going forward, Kalmar aims to offer eco-efficient cargo handling equipment and lifecycle services in the mobile equipment product categories, straddle and shuttle carriers as well as Bromma spreaders. It will also retain its third-party services business for heavy duty cranes.