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Cape Canaveral, Florida: Four Favelle Favco M900F-ST tower cranes are used for the construction of SpaceX’s new Gigabay—an advanced Starship manufacturing, integration and refurbishment facility at NASA’s Kennedy Space Centre.
The cranes provide the speed, lifting capacity and reliability required to deliver this landmark project.
Standing approximately 380 feet tall and offering around 815,000 square feet of workspace, the Gigabay will accommodate the assembly, integration and refurbishment of Starship vehicles and Super Heavy boosters.
Based on the New York City investigation and subsequent enforcement actions, some actions were taken, but they were not the same for every party.
1. Cross Country Construction LLC (crane user/operator)
The New York City Department of Buildings (DOB) issued a safety violation against Cross Country Construction and is seeking a US$25,000 penalty. The violation relates to safety obligations associated with the crane operation.
2. New York Crane & Equipment Corp. (crane owner)
The investigation was critical of New York Crane & Equipment Corp. It concluded that:
* the company did not implement Favelle Favco’s earlier recommended fire-safety measures (such as fire detection/suppression and enhanced inspection procedures),
* it also did not inform Cross Country Construction about those recommendations.
However, the DOB did not issue a penalty against New York Crane & Equipment Corp. According to the department, it could only issue violations to the entities that held the relevant permits for the construction site and crane use—in this case, the crane user and construction-site permit holders, not the leasing company.
3. General contractor (Monadnock Construction)
The DOB also issued several violations to the general contractor:
* One violation was dismissed.
* One was corrected shortly after the incident.
* One was upheld with a US$25,000 penalty, although the company has challenged it in court.
Why this matters for Favco
These findings are relevant because the investigation specifically noted that the crane owner did not adopt the manufacturer’s recommended safety measures, while Favelle Favco’s U.S. subsidiary was not identified by the investigation as the party responsible for causing the incident. That does not automatically resolve the civil lawsuits, but it provides an important part of Favco’s defence.
It is fairly common in a major US accident lawsuit to name multiple parties initially, even when an investigation points strongly toward the crane owner/operator.
But being named doesn’t mean Favco will pay.
In fact, if the official investigation clearly establishes that the owner/operator’s actions caused the incident and there was no crane manufacturing defect, that can be an important defence for Favco.
Favco steady la, this lawsuit noise is just temporary headache because the balance sheet still strong with zero debt and decent cash flow. For long-term, their niche in high-end tower cranes gives them a solid moat, so better look past the legal drama and focus on their dividend yield.
As hyperscale data centres continue to reshape Australia's digital infrastructure landscape, the role of heavy-lift tower cranes has never been more critical.
Air Trunk's new campus at Huntingwood, Western Sydney, is a prime example.
Spanning 8.3 hectares and delivering more than 320 MW of IT capacity across over 160,000 square metres of built area, the project demands the efficient installation of vast quantities of concrete, steel and crucial services.
For developments of this scale, heavy-lift cranes such as the Favelle Favco M2480D and M1280D offer significant advantages in lifting capacity, speed, reliability and operational independence through their diesel-hydraulic design.
Rather than relying on a large number of smaller cranes and frequent mobile crane movements, a small fleet of strategically positioned heavy-lift cranes can perform the majority of critical lifts across the site.
This approach reduces site congestion, simplifies logistics, lowers maintenance and operating costs, and enhances safety by minimising crane interactions and equipment movements.
In many cases, three large-capacity cranes can achieve what would otherwise require a forest of smaller cranes, delivering greater productivity and supporting the accelerated construction schedules demanded by modern hyperscale data centre projects.
The first qr of 2022 (before the huge 85sen dividend payout), the nta is 3.42 and the dividend paid p.a. is about 15sen. 2025 Q4 the nta is 3.45 and dividend paid p.a. is only 9sen. The market value weighed more on dividend rather than the company profitability. (market price is above RM2 before the dividend payout). Since the nta has recovered to pre-payout period, we wait for the dividend policy to recover.
Newly acquired French company should start contribute by F26Q1.
Australia warehouse should complete by F26Q2 then start contribute the rental income.
Current outstanding order-book remain healthy about RM 600m.
if this price collect also not high price de,dividend also can safety and ok de,important is can collection how many share in this counter,hard colection only.....this share i see jo long time,in my watchlist add delete add delete add delete around 1.5+ de......Hahahahaha
