< PreviousINDEPENDENT AND BULLISH T he 10th of December 2021 marked the start of a new era for Daimler Truck which began trading as an independent company, DTG, on the Frankfurt Stock Exchange, opening with a share price of €28 and valuation of €23 billion. The IPO was supported by BNP PARIBAS, Citigroup, Goldman Sachs, Deutsche Bank, J.P. Morgan, Berenberg, BofA Securities and Landesbank Baden-Württemberg. Baader Bank acts both as designated sponsor in Xetra trading and as a specialist on the Frankfurt Stock Exchange trading venue. Martin Daum, chairman of the board of management, Daimler Truck Holding AG, said: "For 125 years, our truck and bus business was part of the Daimler Group. As an independent, listed company, we look forward to even more entrepreneurial success in the future. Everyone should benefi t from this - our workforce, our customers and, of course, our shareholders." Daimler Truck goes public, opening with a share price of €28 and valuation of €23 billion at the Frankfurt Stock Exchange Martin Daum, chairman of the board of management, Daimler Truck Holding AG. 30 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 STRATEGY The board of management of Daimler Truck Holding AG: Jochen Goetz, Karin Rådström, Martin Daum, John O’Leary, Jürgen Hartwig, Stephan Unger, Andreas Gorbach, and Karl Deppen. 31 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 STRATEGYFollowing its spin-off from Daimler AG, Daimler Truck considers itself well positioned for the new era of independence. The listing provides the opportunity to invest directly in the shares of one of the world's largest commercial vehicle manufacturers. With 40 production facilities worldwide and more than 100,000 employees. Daimler Truck unites seven brands under its umbrella: BharatBenz, Freightliner, Fuso, Mercedes-Benz, Setra, Thomas Built Buses and Western Star. In preparation for the spin-off , the company has specifi ed its financial ambitions to increase the performance and profi tability of the segments. Based on its proven cash generation and strong balance sheet, Daimler Truck received solid investment grade credit ratings ahead of the listing. S&P Global Ratings (S&P) assigned a long-term issuer credit rating of BBB + 32 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 STRATEGY(outlook stable) while Moody’s Investor Service (Moody’s) assigned a long-term issuer credit rating of A3 (outlook stable). S&P’s BBB + / A-2 preliminary long- and short-term issuer rating reflects the agency’s assessment of Daimler Truck having strong market positions in the most profitable markets, U.S. and Europe. In addition, S&P positively noted that Daimler Truck has developed an ambitious profitability roadmap to improve the resilience of its operating performance during industry downturns and is prepared for the energy transition towards zero- emission vehicles. Moody’s A3 long-term and a Prim-2 short term issuer rating of Daimler Truck reflects the group’s substantial scale as the world’s largest manufacturer of commercial vehicles by revenues; its good diversification with seven individual brands, and leading positions in the US and European markets. Moody’s also mentioned Daimler Truck’s potential to grow margins via efficiency measures, the company’s conservative financial policy and a strong liquidity profile. Jochen Goetz, CFO of Daimler Truck Holding AG, said: "Daimler Truck is also financially in an incredibly good starting position for our entrepreneurial independence. Our balance sheet is rock solid, and we have already proven in the past how reliably we can generate an attractive cash flow. We are now putting all our energy into fully exploiting our earnings potential and driving forward the transformation to emission-free transport in a focused manner. We want to create sustainable value for our investors as well.” Daimler Truck aims to achieve a double- digit return on sales in its industrial business by 2025, assuming strong market conditions. Daimler Truck's business activities are structured into five reporting segments for which the company has formulated concrete return targets for strong market conditions. For example, Daimler Truck is specifically targeting an adjusted return on sales of 12% for the Trucks North America (TN) segment in the event of strong market conditions. For the Mercedes-Benz (MB) segment, the target is 10% adjusted return on sales, for the Trucks Asia (TA) segment 9% and for the Daimler Buses (DB) segment 7.5%. With the new Financial Services business of Daimler Truck (DTFS) as a fifth segment, the company is targeting an adjusted return on equity of 14%. Daimler Truck Financial Services (DTFS) started business on 1 December 2021 in Australia, Brazil, Japan, Canada, Mexico, South Africa and the USA. In 2022, the financial service provider plans market launches in Argentina, Belgium and the Netherlands, the UK, Italy, Spain and Turkey. By end of 2022 contract portfolio with leasing, financing and insurance is expected to be around €21 billion. In 2023, the planned ramp-up of Germany and France will contribute to further growth. After this launch, DTFS will be one of the world's largest financial services providers, specialising in serving commercial vehicle customers with approximately 1900 employees in 16 countries. Today, every fourth truck or bus from Daimler is financed or leased via Daimler's own financial services. In the medium term, DTFS wants to raise this to 30 percent. Daimler also Truck intends to lead the way to zero-emission transportation even more focused and agile in the future. The development of battery and fuel- cell vehicles will be accelerated with strategically sensible partnerships. For example, battery and fuel cell vehicles are likely to account for up to 60% of Daimler Truck sales by 2030. From 2039, the company wants to offer only vehicles that are CO2-neutral in driving operation. For Daimler Truck, both technologies are compatible and necessary. Purely battery- powered trucks are used in light and heavy distribution transport, for example when it comes to delivering goods in cities. The hydrogen-based fuel cell drive will be indispensable in the CO2-neutral long- distance truck transport of the future. Ola Källenius, chairman of the board of management, Daimler AG and Mercedes- Benz AG, said: "We are fully focused on building the world's most desirable cars and leading the way in electromobility and vehicle software. At the same time, the listing of Daimler Truck turns one success story into two. The historic reorganisation to two ‘pure-play’ companies is intended to unleash the full potential of both companies and create decisive added value for all sides. We wish Daimler Truck a successful future and look forward to the beginning of a new era with confidence." Daimler Truck expects its shares to be listed in the Regulated Market of the Frankfurt Stock Exchange in the DAX index in the first quarter of 2022. 33 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 STRATEGYJOHNSON ARABIA TANDEM LIFTS LUXURY YACHTS J ohnson Arabia recently executed a heavy lifting job for a luxury yacht owner in the UAE which involved three tandem lifts of yachts weighing 80 tonnes, 89 tonnes and 250 tonnes. The rental company employed three of its cranes – the 400t and 350t Terex crawler cranes and 130t Grove mobile crane – and carefully assembled them to lift the yachts from the docking area and place them on the water. The entire lifting project was completed in less than a week with careful planning from Johnson Arabia’s team led by Mohammed Fareed and engineering managed by Sreethu Thulaseedharan. Initial tests conducted at the jetty where the yacht was to be lifted off revealed that the jetty might not be able to support the weight of the yacht and crane together. To solve this issue, the Johnson Arabia team used wooden pads underneath the cranes to enable them to perform the heavy lift. Considering the various lifts required, including straight lifts with one crane and tandem lifts with two cranes, the crane capacities were precisely studied and certain confi gurations were selected to have extra and suffi cient safety margins while lifting the highest load. The cranes were fully rigged on site by taking into account the site parameters and restrictions in order to overcome every possible challenge during the lifting operations. Mohammed Fareed Nasser, executive manager, Dubai, Northern Emirates and Oman, Johnson Arabia, says: “For a project with such heavy lifts, we have to be very vigilant of the safety of our team, the other equipment on the dock and ensure our riggers did a thorough job at preparing the crane. We also ensured that at any point, our team would be allowed to stop work if they questioned any safety protocol to analyze and reset to mitigate any risk. I am happy to say that this job was completed with 100% success, thanks to the excellent work of our engineers, riggers, HSE and crane operators. Having planned this for weeks and fi nally completing the lift, all of us were overjoyed at the success of this prestigious project.” 34 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESS35 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESSINTEGRATED LOGISTICS COMPANY TAKES ADVANTAGE OF DEMAG'S BOOM BOOSTER KIT FOR HEAVY LIFTS K uwait-based crane service provider Integrated Logistics Company (ILC) employs the Demag CC 8800-1 lattice boom crawler crane regularly for projects that involve extremely heavy loads. With a rated lifting capacity of 1,600 tonnes, the Demag CC 8800-1 by itself is a powerful crane; when combined with the optional ‘boom booster’ kit, the lifting capacity of the CC 8800-1 is increased by up to 90 percent depending on the confi guration, enhancing its applications in the class of up to 2,000 tonnes. Manoj Kumar, general manager, Integrated Logistics Co., says: “Whenever we have to move extreme loads at a large height and a wide radius, we opt for the CC 8800-1. The reason is simple: when equipped with the boom booster, the crane can handle lifts that would normally require two cranes.” For example, ILC used the CC 8800-1 when lifting 240-tonne spudcans as well as jack-up legs that weighed up to 246 tonnes for the Rumailah Lift Boat at the shipyard in Ras Laff an for Qatari customer Nakilat-Keppel Off shore & Marine (N-KOM). The spudcans had a diameter of 14.7m and height of 7.4m, while the jack-up legs had a length of 40m 36 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESSand width of 8.20m. The biggest challenge was that the heavy loads had to be moved at a formidable radius of 67m, a task which the CC 8800-1 was able to handle with the boom booster. ILC used a barge to transport the CC 8800-1 from the company’s branch in Kuwait directly to the shipyard in Qatar. At the site, the crane was set up with a BSFL boom booster confi guration with an 82m main boom and a 72m extension in ten days. In order to pick up the loads, a ten-person team used two 400-tonne hooks with two wire ropes and fi ve-part reeving. This enabled the CC 8800-1 to lift all parts, move under load on the shipyard area that had been reinforced for the large weight, and fi nally swing the parts to the desired locations. “Being able to handle the job with the CC 8800-1 alone enabled us to execute the job much faster and much more cost-eff ectively than would have been the case with two cranes. We completed the project within the agreed timeframe of two months and without any problem,” says Manoj. Another application of the boom booster kit was by ILC was for lifting several reactors and distillation columns for Sinopec at the Al-Zour oil refi nery in Kuwait. ILC needed 55 truck runs to transport the crane 50 km from its headquarters to the work site. At the site, a ten-person team set up the crawler crane with a BSFVL confi guration with an 86m main boom and 12m extension off set by 10°. In order to be able to pick up the heavy loads safely, the CC 8800-1 was equipped with two 800-tonne hooks and 20 part reeving. The maximum load for the job weighed over 800 tonnes: more specifi cally, the CC 8800-1 had to lift a 65.27m-long, 813.4-tonne distillation column with a diameter of 8.80m at a radius of 20m, rotate, and move under load. A second crawler crane helped pick up the component until the load was suspended from the CC 8800-1’s hook in a vertical position. “We’d scheduled ten days for the entire setup process. In addition to the boom booster, the column-lifting fixture we used proved to be enormously helpful for this job. Our team was able to complete all lifts within a month as scheduled and to the full satisfaction of the customer,” says Manoj. 37 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESSMAMMOET MOVES SIX PREFABRICATED STRUCTURES AT TEXAS AIRPORT 20 PERCENT FASTER USING ITS MEGA JACK 300 CRADLE M ammoet was contracted to move and install four new gates for Terminal C at Dallas-Fort Worth Airport in Texas. The modules, which were broken up into six prefabricated pieces, were the fi rst loads to be moved by Mammoet’s new Mega Jack 300 jacking cradles. The conventional approach to jacking operations often requires ‘falsework’, whereby the load is moved onto temporary steel support structures. This jacking cradle technology creates a new way of transporting and jacking that eliminates the need for this extra work. The Mega Jack 300 cradle is an in-house designed piece of equipment that allows the existing Mega Jack 300 to be positioned 38 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESSand operated between SPMTs, which allows the jacking and transport to be completed simultaneously, leading to more cost-eff ective, sustainable, and safer operations. Mammoet’s scope included moving each module from the fabrication yard, through the airfi eld, to Terminal C – approximately one mile (1.6km). To minimize disruption to the busy airport, mechanics and spare equipment was brought in on stand-by to ensure the runways would be able to reopen as scheduled. Each module was made of concrete, steel, and glass, with the largest measuring approximately 26m (84ft.) long, 29m long (~95 ft.) wide and 11 m high (~38 ft.) and weighing a total of 512t. Mammoet received the modules using three trains of SPMT, totaling 51 axle-lines, with six Mega Jack 300 cradle systems attached. In order to get to Terminal C, the route crossed underneath the active Skylink Train, which connects passengers between terminals. After passing through with a clearance of approximately 15 cm (6 inches) between the cargo and train track, each module was then carefully rotated and positioned in the designated jacking area in front of the foundation. With the trailers in place, the load was jacked up roughly 2 meters (~6 ft.) which allowed the modules to pass over the foundation’s anchor bolts. The columns that would support these structures were already in position. From here, transport of each section through this path of columns began, with a total distance of 173 m (567 ft.) for the fi rst and furthest traveling building. The route involved a challenging turn with only a few centimetres of clearance between the trailers and columns. Finally, with each building’s legs in the desired location and with the use of trailer’s hydraulics, the loads could be installed in their fi nal location to allow the client to weld between building and foundations. This approach using MJS300 jacking cradles resulted in a 20% savings on the overall schedule, with each module transport journey took just under one hour. The entire process of transport, positioning under the Skylink Train, raise and install per module was completed within a twelve-hour shift. The opening of the new gates is scheduled for June 2022. 39 PLANT / MACHINERY / VEHICLESwww.plantmachineryvehicles.comJANUARY 2022 LIFTING AND ACCESSNext >