Our approach to circularity
As a provider of heavy loading equipment, Hiab recognises the environmental impact of materials such as steel. However, steel is highly recyclable - and also widely recycled. By advancing circular practices, such as using recycled steel and increasing the share of service sales, we aim to extend product life cycles and maximise resource efficiency.
Growing life cycle services
Expanding our service business helps us contribute to the circular economy while growing our business. Services are an essential part of our eco portfolio’s as they help extend the life cycle and value of our equipment. With proactive maintenance packages, telematics and reliable spare parts, our service offering ensures that customers benefit from enhanced equipment uptime, reliability, and lower lifecycle costs. In addition, refurbishments and sales of used equipment reduce total ownership costs for customers.
Product design and R&D
Circularity begins with our product design, where we focus on making equipment lighter and more material-efficient. We give preference to materials that are better for the environment, such as recycled aluminium and steel.We have also partnered with the steel manufacturer SSAB to introduce fossil-free steel to the load handling industry.
Minimising waste
We closely monitor waste, effluents, possible spills and environmental non-compliances at our own facilities. In the case of spills, we also monitor incidents at our customers’ sites.
Waste generated from our operations is almost entirely recyclable as it mainly consists of metal scrap, wood and paper. The share of process waste recovered or recycled at our sites was 64% in 2023.