PALFINGER Signs Letter of Intent with SIG to Enhance North American Supply Chain Operations
The strategic partnership aims to boost efficiency and strengthen market leadership in the region.
Executives from PALFINGER and SIG at the SIG facility in Monterrey, Mexico during the LOI signing. © PALFINGER
Schaumburg, IL, August 8, 2024 — PALFINGER, the global leader in innovative crane and lifting solutions, is pleased to announce the signing of a Letter of Intent (LOI) with Servicios Industriales Gonzales (SIG), a leading producer of heavy structural weldments based in Monterrey, Mexico. This strategic partnership marks a significant step forward in enhancing PALFINGER's supply chain and operational efficiency in North America. With expertise in welding automation, process optimization, and cost efficiency, SIG aligns with PALFINGER's commitment to delivering high-quality products.
Under the terms of the LOI, SIG will supply PALFINGER with welded parts essential for its cable hoist, service crane, and aerial work platform products in North America. The shared vision and focus on quality, automation, and process repeatability were key factors in PALFINGER’s decision to partner with SIG.
Delivering Enhanced Customer Value
With North America as one of the company's key growth regions, PALFINGER is committed to providing solutions tailored to meet the needs of this market. For PALFINGER customers, this partnership translates to enhanced reliability and performance of its products, secured through the consistent supply of high-quality welded parts.
Focusing on Core Strengths and Enhancing Supply Chain Efficiency
Harald Hauser, PALFINGER Senior Vice President of Supplier Management, emphasized that this partnership will help the company to focus on its strength, which is assembly. “SIG’s ability to deliver high-quality products at competitive prices will enable us to focus on our core strengths, such as assembly while ensuring we meet our customers’ needs efficiently,” said Hauser.
By leveraging SIG’s capabilities, PALFINGER can streamline its operations and allocate resources more effectively toward assembly and innovation. The collaboration aims to bolster both companies’ capabilities in serving the North American market.
Gustavo Rigon, Vice President of Procurement for PALFINGER North America, added further insights stating, “SIG’s reliable delivery performance and high-quality standards will enhance PALFINGER’s supply chain efficiency, ensuring the timely availability of essential components. This partnership also ensures that we can meet market demands efficiently, maintaining our competitive edge.”
Fernando Arellano, General Manager of SIG, expressed his enthusiasm for the partnership, stating, “We are grateful for the faith and confidence that is placed in us. We are also happy to contribute with the experience and know-how of many years of continuing growth that PALFINGER has had year after year. The SIG-PALFINGER partnership will generate good collaboration and engagement to support the vision and expansion of both organizations.”
The LOI signing with SIG underscores PALFINGER’s commitment to strategic partnerships that drive innovation, efficiency, and customer satisfaction as part of its Strategy 2030. As PALFINGER continues to strengthen its regional presence, partnerships like this are central to achieving long-term success and delivering unparalleled value to customers. This initiative aligns with PALFINGER’s goal to be number one in the North American lifting industry, showcasing its dedication to excellence and growth in this critical market.
