In a major development signalling Cavotec’s entry into industrial battery charging for heavy duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks. The value of this first order is over EUR 3M with a potential for follow up orders, opening up a market that is estimated to be worth several hundred million euros in the coming years.
Cavotec has won two key orders for its motorised cable reel electrification systems for container cranes at major ports in China and the US from leading crane manufacturer ZPMC. The orders highlight how Cavotec manufactures mission-critical systems that improve safety, maximize efficiency, and minimize environmental impact. The total value of the two orders amounts to more than EUR 1.3M.
The fast-growing market for electrification and automation of ports worldwide is estimated to be worth several billion euros in the coming years. Cavotec will invest EUR 20M in technology, engineering and business development over the next five years to strengthen its leading position and meet the expected demand. The global Cavotec team will grow by 60%, with two thirds being engineers.
Cavotec, the world’s leading manufacturer of connection and electrification solutions for ports, airports, and a wide variety of industrial applications, will open a new innovation centre in the Netherlands at the beginning of 2021.
Cavotec’s next generation Automatic Plug-in System (APS) solution for charging electric ferries has entered service in Oslo, enabling safe, fast and clean vessel charging, and highlighting our role as a leading supplier of innovative automation and electrification technologies.
Global engineering group Cavotec has been awarded significant orders for its innovative systems for marine propulsion, shore power supply, and crane electrification systems, with a combined value of EUR 10 million, highlighting the Group's pivotal position in the global Ports & Maritime segment.
Cavotec has won a contract to electrify eight rubber tyred gantry (RTG) cranes at DP World's Jebel Ali port in Dubai; a move that will realise significant reductions in energy costs and emissions.
