Hiab Expands Aftermarket Offerings with Red and Exchange Parts

Hudiksvall, Sweden- Hydrauliska Industri AB (Hiab)., a manufacturer of loader cranes, demountable container handlers, forestry cranes, truck-mounted forklifts, and tail lifts, is a part of Cargotec Corporation, expands its spare parts offering tailored to their needs, with the introduction of Red Parts and Exchange Parts to complement Original Parts. 

Red Parts performance quality and safety while providing performance comparable to Original Parts, potentially shorter lifespan. Designed with older equipment in mind, they offer affordable maintenance and repair options that make it possible for older Hiab equipment to operate safely and effectively at lower prices. Truck mounted forklift engine components will be the primary focus at first, but the portfolio will grow to include other equipment manufacturers and component types throughout.

Exchange Parts program to enhance circularity and reduce costs, addressing safety and quality concerns associated with repairing items like large cylinders. Customers returning used parts receive compatible exchange components at a lower cost than Original Parts. These components match Original Parts in specifications, ensuring no compromise on quality or safety. Returned parts undergo recycling, remanufacturing, or proper disposal by Hiab.

Original Parts remain the tier spare parts offering from Hiab, ideal for maximizing performance and longevity. They are essential for equipment under warranty and assets in daily operation.

Mr. Michael Bruninx, Senior Vice President, Services, Hiab, said, “We want to offer all customers spare parts priced right for their equipment, regardless of age and condition. We have therefore complemented our Original Parts with Red Parts and Exchange Parts that present a compelling value proposition for customers with ageing units, characterised by limited remaining lifespan and low utilisation levels. The new spare parts portfolio will provide more customers with peace of mind, as its usage helps provide safe operations and reliable performance.”

“With these new introductions, we anticipate a growth in our parts market share. This enhanced offering complements our flagship Original Parts, which continue to deliver industry-leading performance and quality.”

He continues “Good maintenance and utilising Hiab’s Original Spare Parts is the best way to advance a circular economy. Now, we're expanding these efforts by introducing new, appealing spare parts alternatives for prolonging the operational lifespan of older Hiab equipment.”