2014
As a pioneer in the field of sustainability, PALFINGER published its first integrated annual report, which not only presents PALFINGER’s economic development but also contains information on ecological and social aspects of the PALFINGER Group.
The cross shareholding of PALFINGER and SANY, which had been in preparation for several months, was concluded with the entry of PALFINGER AG‘s capital increase in the commercial register.
PALFINGER signed an agreement on the acquisition of a 30 per cent share in HIDRO-GRUBERT, a producer of access platforms, loader cranes and truck bodies.
PALFINGER and KAMAZ, Russia’s largest truck producer, agreed to establish two joint venture companies: one specializing in the production and sale of truck bodies, and the other one in the production of cylinders. With this transaction, local value creation was substantially expanded in the important Russian market.
PALFINGER closes acquisition of Russian PM-Group and is now with its brands Velmash and Solombalsky a major supplier of timber and recycling cranes, loader cranes and hooklifts in the Commonwealth of Independent States.