HIAB CORPORATION | TRADE PRESS RELEASE | 20 AUGUST 2026 at 10:00 (EEST)
Raisio, Finland – On 19 August, a major milestone was reached in the expansion of Hiab’s MULTILIFT production facility in Raisio, as the foundation stone was laid for the EUR 19 million investment announced in May 2025. Hiab’s Leadership Team was on site to mark the occasion and celebrate the start of the next chapter for the facility.
A time capsule was placed inside the foundation stone, containing historical images from Hiab’s history in Raisio, photos of latest MULTILIFT products TALON and New Optima, Hiab releases about the expansion, a copy of the local newspaper from the day of the ceremony, a drawing of the new facility as a symbol of the future, and a good-luck token. The participants then sealed the time capsule in the foundation stone with concrete.
The next-generation production environment reinforces Hiab's industry leadership across both its product offering and manufacturing capabilities. The project enables production capacity increase for market leading MULTILIFT demountables, vital for both defence and commercial sectors. With the new energy-efficient solutions the factory's energy consumption will reduce and the upcoming modern production and office spaces will improve employee safety, comfort and satisfaction.
“The expansion of the Raisio production facility is an important strategic milestone for Hiab, strengthening our leadership position and supporting our long-term growth targets. At the same time, it is a significant step towards lower emissions in manufacturing, supporting our ambition to improve energy efficiency at our sites,” says Scott Phillips, President of Hiab.
The Raisio expansion is estimated to be completed in the fourth quarter of 2027.
For further information, please contact:
Jussi Peltoniemi, Operations Director, Hiab Raisio: jussi.peltoniemi@hiab.com
Hiab Communications: communications@hiab.com
Images: Hiab and Elias Kalliola
About Hiab:
Hiab (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on-road load handling solutions, committed to delivering the best customer experience every day with the most engaged people and partners. Hiab's premium equipment includes HIAB, EFFER, ARGOS and ING loader cranes, MOFFETT and PRINCETON truck mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT skiploaders and hooklifts, GALFAB roll-off cable hoists, ZEPRO, DEL and WALTCO tail lifts, the service brand HIPERFORM, and the refuse collection vehicle brands LABRIE, WITTKE and LEACH. www.hiab.com
As the industry pioneer, Hiab continues to make on road load-handling smarter, safer and more sustainable to build a better tomorrow. Globally, Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company's sales in 2025 totalled approximately EUR 1.6 billion and it employs approximately 5,200 people. www.hiabgroup.com