Cavotec won a number orders for its innovative aircraft ground support systems

momberger

09 December 2016

Cavotec has won a number of orders for its innovative aircraft ground support systems for applications in Australia, China, Colombia, Germany, Italy, and the US, the largest of which is for Hong Kong International Airport. The orders, all received in Q4 2016, have a combined value of more than EUR 11 million. For Hong Kong, Cavotec will supply “a substantial number of ground support systems” for the Midfield Apron project, Cavotec said. The company will be supplying 400-Hz converters, 400-Hz electrical pit systems, deck loader power supply pits, fuel vault access covers, and fuel hydrant pits. Deliveries are scheduled during 2017 and 2018. The Midfield Apron Project is part of the Airport Authority of Hong Kong (AAHK) expansion plan to meet increased passenger demand and allowing it to continue its role as one of the primary aviation hubs in the Asia-Pacific region. “AAHK is a long-standing Cavotec customer, and we’re delighted to see our capacity to manage large, complex projects once again confirmed by this order,” said Gustavo Miller, Cavotec COO for APAC. The GSE order follows a separate order that Cavotec received in Q3 2016 to supply fuelling equipment for the same project. Among the other orders received in Q4 2016, Cavotec won orders to supply pre-conditioned air (PCA) and 400-Hz electrical power supply pit systems for 15 aircraft stands at Rome Fiumicino International Airport in Italy, another long-standing Cavotec customer. The order is part of the third phase of a major project involving two new terminals and several remote aircraft parking stands. Also in Q4 2016, Cavotec has won a number of service, equipment, and system orders for a variety of aircraft gate and maintenance hangar applications in locations in Australia, Colombia, Germany, and the US. The orders include PCA units, 400-Hz converters, utility pits, and fuel hydrant pit systems. Meanwhile, Cavotec has announced a generational change of leadership plus the launch of a new strategic plan for the company. Stefan Widegren, and CEO, Ottonel Popesco, are to hand over leadership of Cavotec SA during 2017. Patrik Tigerschiöld has been appointed as Deputy Chairman. The new strategic plan embraces wide ranging strategic and organisational changes, marking a new phase for Cavotec and providing a roadmap up to 2021. To ensure continued growth and to safeguard Cavotec’s future as leader in its markets, Chairman Stefan Widegren – with full involvement of the CEO Ottonel Popesco and the Board – has started the process to pave the way for the final steps of a generational change in Cavotec. With the aim to bring the company to the next level, the Board of Directors is fully committed to a smooth and seamless handover, ensuring continuity of leadership. The selection and appointment process will be done in an “open and transparent manner”, the company said. Since early 2016 the Cavotec management team has been preparing, in close cooperation with the Board of Directors, a new five-year strategic plan. This plan is set to be launched in January 2017 and defines a new organisational structure and a roadmap for the company up to 2021. Created around Cavotec’s vision of being the world-leading expert in engineering and supply of system solutions to connect, electrify and automate ships, planes and mobile equipment, the 2017 to 2021 strategic plan will ensure a more direct and focussed approach to major markets while allowing a more efficient use of the Company’s resources and know-how. “Cavotec’s mission is to be a trusted partner thanks to our global operational and innovation excellence delivering value creation with advanced efficient and sustainable systems for Ports, Airports & Industry,” says Popesco. “This strategic plan will provide our customers with a more complete and competitive offer and aims to double our sales and substantially increase our profitability over the next 5 years,” he said. The strategic plan 2017 to 2021 will see the current Cavotec structure organised around two distinct Business Units – Ports & Maritime and Airports & Industry. This will also be the new financial reporting structure for 2017 onwards, with the current Mining & Tunnelling operations being integrated into the new Airports & Industry Business Unit.

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