A year of successes leading to new goals: interview with CEO Ciro Correggi

We could define 2022 as a year of fresh starts, beginning with trade shows, which have once again been attracting the leading companies in the sector, dealers, customers and suppliers, following the forced interruption caused by the pandemic. They provide an opportunity for meeting and sharing, presenting new models, strengthening relationships, and reflecting together on the potentially surprising innovations coming up in the near future.

We discuss in depth the highlights of last year, while also touching on successes and future objectives, in the company of our CEO Ciro Correggi.

Let’s start on a positive note: it’s safe to say that trade fairs finally made a permanent return in 2022, with huge turnouts of visitors and exhibitors. What can you tell me about your participation in what are arguably the sector’s two biggest trade fairs, namely Bauma and EIMA?

This year, trade fairs have undoubtedly enjoyed positive results, with turnouts exceeding even pre-COVID levels. The social aspect has definitely been the big draw of these events, and for us that pushed sales into the background, particularly since our order portfolio is already quite full.

For our dealers and our customers, as well as for us, there was clearly a real need to participate in order to touch base again and exchange ideas. In this exceptional period we are experiencing, from our perspective we also really wanted to meet with our suppliers, to understand the current situation and present the new products in our range. Overall we are very satisfied with what we got out of the event.

Trade fairs always provide an opportunity to announce new products and this year there were several: at bauma you presented the new Pegasus range. What can you tell us about these new models?

The new Pegasus telehandlers were a big hit with both customers and curious visitors alike, so much so that we didn’t receive any suggestions for improvements or integrations. The lineup captivated everyone and the feedback we got was that it complements an already popular and well-established range.

It’s also worth mentioning the new Pegasus 60.35 in the Elite line, which spans 35 metres and was very well received by both our customers and the dealers, who now have one more model to offer.

Before we move onto the new releases at EIMA, let’s talk about the Hybrid Boost System, which earned DIECI the prestigious EIMA 2022 Technical Innovation award. What are the advantages of this system?

The main advantage of the Hybrid Boost System relate to the engine: with this system, the 79 kW engine (with urea-SCR technology) is replaced with a system consisting of a diesel engine plus a Hybrid Pack capable of reaching 55 + 10 kW, without urea. That way we avoid energy waste, whilst also ensuring that our customers get high performance due to the hybrid kit.

This new innovation is very important, because it meets the growing need for power, anticipating future demand. Today the world is heading towards greener solutions that focus heavily on electric power and rely less on diesel, with the guarantee of consistently excellent performance. All of this becomes possible thanks to the Hybrid Boost System.

The new Hybrid model was exhibited in the competition winners’ hall, while another important new release was showcased at your stand: the Agri Max Power X2, developed in partnership with Dana Inc. This new telehandler has been called the first of its kind in the world. Why is that?

The Agri Max Power X2 is the first telehandler to be fitted with a HVT1 transmission and we are really satisfied with this product, thanks also to all the positive feedback we’ve received in the short time since its launch.

This transmission enables the telehandler to reach a top speed of 50 km/h and deliver performance that no telescopic handler has ever achieved. Its success has been resounding, we’ve already received numerous purchase enquiries and production is currently underway.

Construction vehicle rental has become the norm in the construction industry, but recently we have also begun hearing about Agricultural Rental. For example, this year one of your partners, which has been renting out construction vehicles for years, bought ten Agri Max telehandlers to be used for agricultural rental, as it’s a vehicle that is particularly suited to the rental market owing to its versatility and intuitive use. Do you think there are also growth opportunities for Agricultural Rental?

In recent months, one of our loyal customers purchased a number of agricultural telehandlers for rental purposes. They were our first customer to enter this field, and we are delighted that they had very positive feedback right from the start.

Even though it’s a new trend, unlike construction rental which is already well established, I believe that this market will also make good headway in terms of numbers, although we will have to wait a few more years to see the actual results. We should always consider that here in Italy, unlike countries such as France, where rental hire was being talked about as early as the 90s, this market has only developed in the last ten years. However, the conditions are very positive.

How is 2023 shaping up? Are there any more new developments in the pipeline? What major events do you plan on attending?

In 2023 we will start selling the Agri Max Power X2 and we will also start with the hybrid vehicle, where for the engine we have undertaken a partnership with Kubota. Also this year, we will launch a new rotating telehandler range with the first Pegasus 60.35.

Finally, there will be no shortage of new developments in this 2023. We are preparing for the new trade fair season, which will take us to Agritechnica 2023 in November.