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Press Release Cargotec

Expanded capabilities wins substantial MacGregor deck equipment contract

3/11/2014

 

CARGOTEC CORPORATION, PRESS RELEASE 11 MARCH 2014 AT 10 AM (EET)

MacGregor, part of Cargotec, has secured deck equipment contract for a series of eight 58,500 dwt bulk carriers under construction at New Times Shipbuilding in China. The vessels are being built for Lemissoler Navigation (Front Marine), based in Cyprus, with the delivery of the first two vessels scheduled to start around August 2015.

The contract will see MacGregor deliver complete equipment packages comprising electric pole-changing winches, steering gear, air compressors, hatch covers and variable frequency drive (VFD) electric cranes, four per ship.

The packages include equipment from combined MacGregor Hatlapa portfolio."The new contract was won as a direct result of our strengthened capability for larger delivery scope and a long standing relationship with the owner," says Jörg Tollmien, Head of Sales for Hatlapa offering at MacGregor.

"It is also a good example of what our combined product ranges can offer customers, particularly in cases such as this where an extensive scope of deck equipment is required for multiple ships," Mr Tollmien notes.

Caption: the comprehensive order package includes  MacGregor VDF electric cranes  which are accurate and energy efficient in operation and can save up to 35% of energy

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Further information for the press:
Jörg Tollmien, Head of Sales, Hatlapa Products, MacGregor, tel. + 49 4122 711 203
Joerg.Tollmien@macgregor.com
Heli Malkavaara, Communications Director, MacGregor, tel. +358 2 4121 252, heli.malkavaara@macgregor.com

Further information for investors:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV.

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