All up at Tadano in the first half

Tadano’s new five axle AC 5.250-2 all terrain with 70 metre boom will be a key model. Photo: Tadano

Japanese crane maker Tadano has posted a rise in net sales of 6.1 per cent to a total of JPY 141,381 million (US$ 979.3 million) for the first half of 2024. It is up by JPY 8,114 million ($56.2 million) on the JPY 133,267 million ($923.6 million) total for the first half of 2023.

Also up was the operating income, at JPY 12,283 million ($85 million) or 8.7 %, over the JPY 8,797 million ($61 million) or 6.6 % in the first half of 2023. Tadano attributed this JPY 3.4 billion ($23.6 million) rise to improved selling prices and the effects of foreign currency exchange rates. Note this increase was achieved despite higher prices for raw materials.

Up all areas

Net sales were up in all the product segments. Mobile crane sales were up 4.3 %, truck mounted loader cranes by 3.6 %. While mobile cranes saw the largest increase in value, at JPY 4,031 million ($27.9 million), percentage-wise aerial work platform sales were up the most, by 39.3 %, or JPY 2,861 million ($19.8 million).

Looking more closely at mobile cranes, outside Japan there was an 8.1 %, JPY 5,597 million ($38.8 million) increase to JPY 74,627 million ($517.3 million) while domestic sales were down 6.3 %. Total market demand for mobile cranes was up 10.2 %, the company said. The most active markets were reported as being Latin America, the Middle East, North America and Europe.

For the full year 2024 Tadano forecasts total net sales would increase 12.4 % to JPY 315,000 million ($2.18 billion), unchanged from the February 2024 forecast.