Concept

Palfinger

Summary
The company Palfinger AG is an Austrian manufacturer of hydraulic lifting, loading and handling systems, especially known for the cranes. With 150 models and a market share of 35 percent, the company is the world market leader. The PALFINGER Group comprises 84 companies in 32 countries, with 33 manufacturing and assembly sites and approx. 5,000 sales and service locations in more than 130 countries on all continents. History The history of Palfinger dates back to 1932, with the founding of a repair shop for agricultural trailers, tippers and vehicle bodies by Richard Palfinger. The company built its first crane in 1959, and Richard's son Hubert specialized in hydraulic loading cranes in 1964. In 1989, Palfinger exported over 90% of its production to about 70 countries. In 1999, the company went public. In the past 20 years, the focus was on diversification as well as internationalization. In June 2018 Andreas Klauser took over as the CEO of PALFINGER. Shareholders
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