Demag Cranes equips Caterpillar production facility in Brazil
Düsseldorf, 25. January 2011
- Contract covers 102 standard cranes
- Latin America is the backbone of growth strategy in emerging markets
Demag Cranes has received an order from Caterpillar Inc. in Brazil to equip its new production facility with handling technology. The package covers 102 standard cranes to be integrated in the production lines for backhoe loaders and small wheel loaders.
Thomas H. Hagen, Member of the Management Board of Demag Cranes AG and responsible for business operations, emphasises, “This order from Caterpillar underlines our excellent foothold in the Latin American marketplace and, in particular, in Brazil. This region has tremendous potential and has been the backbone of our growth strategy in emerging markets.”
Worldwide manufacturing network has proven its worth
This delivery to Caterpillar is further proof of our well-established presence in this, the largest South American country. Since 1972, Demag Cranes has been represented in Brazil by its own regional subsidiary, headed by Vigold Georg. Today, that facility in São Paulo is a key component in Demag Cranes’ global manufacturing network.
The 102 cranes ordered by Caterpillar are designed to be attached to the existing roof construction, which means that no additional crane runway supports will be required. The tailor-made crane sets are to be supplied by the German component facility in Wetter, while the Sao Paulo subsidiary is responsible for the steel construction, assembling and installing the cranes on-site. Thanks to this tried-and-tested worldwide production strategy, Demag Cranes is able at any time to respond quickly to customer requirements and provide market-driven solutions.
About Demag Cranes AG
Demag Cranes AG is one of the world’s leading providers of industrial cranes, crane components, harbour cranes and terminal automation technology. Services, in particular maintenance and refurbishment, are another key element of the Group’s business activities. The Group is divided into the business segments Industrial Cranes, Port Technology and Services and has strong and well-established Demag and Gottwald brands. Demag Cranes sees its core competence in the development and construction of technically sophisticated cranes and hoists as well as automated transport and logistics systems in ports and terminals, the provision of services for these products and the manufacture of high-quality components.
As a global supplier, Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service network that is present in over 60 countries through its subsidiaries such as Demag Cranes & Components GmbH and Gottwald Port Technology GmbH, agencies and a joint venture. In financial year 2009/2010, the Group, with its 5,711 employees, generated revenue of EUR 931.3 million. Since the end of June 2006, the Demag Cranes share (WKN: DCAG01) has been listed in the Prime Standard of the Frankfurt Stock Exchange and is traded on various indices including the MDAX®.
Demag Cranes AG. We Can Handle It.
Conditions for forward-looking statements
This press release contains forward-looking statements relating to the business, financial performance and earnings of Demag Cranes AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of Demag Cranes AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which are explicitly or implicitly assumed in the forward-looking statements. Demag Cranes AG does not intend or accept any obligation to publish updates of these forward-looking statements.