What Favelle Favco does

Favelle Favco Berhad is a Malaysian public company (Bursa Malaysia Stock Code: 7229) that designs, manufactures, and services custom-made heavy-lift cranes for global construction, offshore energy, port, and wind infrastructure markets. Headquartered in Klang, Selangor, the group operates wholly-owned subsidiaries in Australia, the United States, China, and Singapore, supported by a global dealer network. Its custom-built approach — engineered for each project's unique requirements — is the defining feature of the franchise; the company states that 12 of the world's 14 tallest buildings have been constructed using Favelle Favco tower cranes.

The product portfolio spans tower cranes (including the M2480D, the world's largest luffing jib tower crane at 330 tonnes SWL and 92m boom, and the Kroll K10,000, the Western world's largest tower crane at 240 tonnes SWL), offshore cranes with capacities exceeding 1,200 tonnes, multipurpose wharf cranes, modular wind turbine cranes, and material handling cranes. Underlying technology centres on diesel hydraulic powerpack systems that operate independently of external power sources, proprietary hydraulic climbing systems, and a safety/automation stack including load drop prevention, multi-crane anti-collision, automatic gross overload protection, and an E-logger with remote monitoring. The April 2026 acquisition of Seram Industries SAS added patented hydraulic balancing crane systems for the industrial waste and recycling sector.

Revenue is generated primarily through one-off custom crane sales to enterprise contractors and energy operators, supplemented by recurring rental, parts, aftermarket support, and engineering services. Major customers include Petronas, Exxon Mobil, Petrofac, Hyundai Engineering, Technip FMC, Samsung C&T, Larsen & Toubro, Mawani, and Offshore Oil Engineering. The company has begun diversifying away from pure crane cyclicality through the Pinnacle Industrial Park logistics estate (a joint development with Dexus in Prestons, NSW) and the Seram acquisition, which together add real estate and material handling revenue streams. FY2025 revenue was MYR 786.4M (down from MYR 901.1M in FY2024) with attributable profit of MYR 49.9M (down from MYR 53.9M).

Name

Favelle Favco

Legal name

Favelle Favco Berhad

Website

https://favellefavco.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

Favelle Favco Berhad is a Malaysian public company that designs and manufactures custom heavy-lift cranes — tower, offshore, wharf, and wind turbine — for global construction, offshore energy, and port operators, supplemented by rental, parts, and engineering services.

Ownership category

akta.pro rank

Product category

Industrial Crane Manufacturing & Heavy Lifting Equipment

NAICS

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923), Construction Machinery Manufacturing (333120), Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

General Industrial Machinery & Equipment (3560), Construction Machinery & Equip (3531)

akta.pro primary industry

Tower Cranes (IMAHAJAB)

akta.pro secondary industries

Cargo Handling & Lifting Equipment (Cranes, Derricks, Hoists) (IMAJAIAB), Cranes & Heavy Lifting Equipment Rental/Leasing (TLABAFAD), Cranes, Hoists & Rigging Equipment MRO (Mobile/Tower Cranes, Winches) (TLAKAHAE), Jib Cranes (IMAHAJAE)

Keywords

• Custom crane manufacturing
• Tower cranes
• Offshore cranes
• Heavy lifting equipment
• Crane rental services

Headquarters

HQ city

Klang

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Custom Crane Manufacturing: Design, manufacture, and supply of custom-made cranes including tower cranes, offshore cranes, wharf cranes, and wind turbine cranes for construction, offshore, and industrial applications.
2. Crane & Equipment Rental: Rental fleet offering comprehensive solutions for construction and offshore markets with expert engineering support.
3. Crane Parts, Services & Support: International services and support for products including upgrades and modifications for enhanced crane performance and extended field life.
4. Engineering Services: Engineering expertise for lifting solutions including design consultation and project management.
5. Intelligent Automation Services: Automated and remote monitoring, data access and configuration through smart systems for flow measurement, level measurement and control valves.
6. Industrial Warehouse Operations: Pinnacle Industrial Park logistics estate development and leasing in Western Sydney.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Favelle Favco designs, manufactures, and supplies custom-made heavy-duty cranes — including tower cranes, offshore cranes, wharf cranes, wind turbine cranes, and material handling cranes — for the construction, offshore energy, port, wind energy, and industrial waste/recycling sectors. The company complements equipment sales with a crane and equipment rental fleet, an international parts and service support network, engineering and project management services, and intelligent automation/remote monitoring solutions. Operations span wholly-owned subsidiaries in Malaysia, Australia, the United States, China, Singapore, and (following the April 2026 acquisition) France via Seram Industries SAS.

Product overview

Favelle Favco is a custom-made crane manufacturer offering a diversified portfolio of heavy lifting solutions across multiple sectors. The product lineup centers on six core crane categories: Tower Cranes (including the world's largest luffing jib crane M2480D at 330T SWL), Offshore Cranes (exceeding 1200 tonnes capacity), Wharf Cranes, Wind Turbine Cranes, Material Handling Cranes and Conveyors, and Industrial Warehouse/logistics facilities. The company operates a modular architecture where each crane type can be customized and complemented by supporting services including Intelligent Automation (remote monitoring, anti-collision systems, E-logger), Crane Parts & Support, Equipment Rental, and Engineering Services. Recent expansion through the April 2026 acquisition of Seram Industries SAS added patented hydraulic balancing crane systems for the industrial waste and recycling sector. The flagship products M2480D and Kroll K10,000 position the company as the home of the world's heaviest lift tower cranes, with 12 out of 14 of the world's tallest buildings constructed using Favelle Favco tower cranes.

Differentiator

Problem solved

Functional benefit

Brands

• Pinnacle Industrial Park: State-of-the-art logistics estate in Prestons, South Western Sydney offering 24/7 access with superior connectivity to M5, M7 highways and Western Sydney International Airport
• M2480D
• Kroll K10,000

Products and services

• Tower Cranes
• Offshore Cranes
• Wharf Cranes
• Wind Turbine Cranes
• Material Handling Cranes and Conveyors
• Crane & Equipment Rental
• Crane Parts, Services & Support
• Engineering Services
• Intelligent Automation
• Pinnacle Industrial Park (Industrial Warehouse)

Quantifiable outcome

• 330 tonnes maximum SWL capacity with 92m boom length on M2480D luffing jib crane
• +3 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Dexus Property and Dexus Funds Management LimitedcoreStrategic or Co-development Partner · 1 August 2025Project development partnership for Pinnacle Industrial Park in Prestons, South Western Sydney. The partnership involves development of two units of single-storey logistic warehouses with combined gross lettable area of 14,000 square metres for leasing purposes. A supplemental agreement was signed on August 1, 2025 adding clauses relating to future sale or development of Stage 2 Lot.
• Marec Industrie SASminorOthersSeller of Seram Industries SAS to Favelle Favco. The acquisition was completed on April 9, 2026 for EUR 7.5-10 million. Marec Industrie SAS sold 100% equity interest in Seram Industries SAS.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Emerging players

• XCMG: XCMG is one of China's largest crane and construction machinery manufacturers, offering competitive tower and crawler cranes and expanding globally against incumbents like Favelle Favco.
• Zoomlion Heavy Industry: Zoomlion is a major Chinese construction equipment manufacturer with a growing tower crane and heavy-lift portfolio, increasingly competing with Favelle Favco in Asian and emerging-market construction projects.

Broad incumbents

• Terex Corporation: Terex manufactures tower cranes (via Comansa), rough-terrain and crawler cranes, and material handling equipment, overlapping with Favelle Favco's tower and material handling portfolio as a broader industrial incumbent.
• PALFINGER: PALFINGER is a leading global manufacturer of hydraulic lifting solutions including loader, marine, and offshore cranes, with adjacent product overlap to Favelle Favco's offshore and material handling crane portfolio.
• Konecranes: Konecranes is a global leader in port and material handling cranes and lifting equipment, comparable to Favelle Favco's wharf crane and material handling product lines serving ports, terminals, and industrial customers.

Direct peers

• Liebherr: Liebherr is one of the world's largest manufacturers of tower cranes, mobile cranes, and offshore cranes with comparable high-capacity product lines, directly competing with Favelle Favco in tower, offshore, and heavy-lift segments.
• Wolffkran: Wolffkran is a specialized tower crane manufacturer with high-capacity luffing jib models that compete head-to-head with Favelle Favco's M2480D and other heavy-lift tower cranes.
• Manitowoc Company: Manitowoc, owner of the Potain tower crane brand, is a leading global tower crane manufacturer serving construction and infrastructure customers, directly competing with Favelle Favco in tower crane supply and rental.
• Huisman: Huisman designs and manufactures heavy-lift offshore cranes, winches, and marine equipment, directly comparable to Favelle Favco's offshore crane business serving offshore O&G and wind installation customers.

Regional players

• Mammoet: Mammoet is a global heavy lifting and transport specialist with a large crane rental fleet serving industrial, energy, and construction customers, comparable to Favelle Favco's crane rental and heavy-lift services offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FavelleFavcoGroup
• Instagraminstagram.com/favellefavcogroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Favelle Favco