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Press release Cargotec

Cargotec is committed to Baltic Sea Action Summit joint venture to save the Baltic Sea

2/10/2010

CARGOTEC CORPORATION, PRESS RELEASE, 10 FEBRUARY 2010 4:15 P.M. EET

Cargotec participates in the Baltic Sea Action Summit (BSAS) joint venture, which is designed to lay out measures to save the Baltic Sea. Cargotec has been active in co-operative work and research around the Baltic Sea since the beginning of 2007 and presented its commitment to concrete action on 19 May 2009. Cargotec wishes to promote understanding about the need to prevent climate change, which also has an effect on the health of the Baltic Sea.

Cargotec is defining environmental targets for different phases of the supply chain and steps for implementation have already begun. They start with the purchase and logistics of incoming components and end with final products and their appropriate use.

According to Mikael Mäkinen, President and CEO of Cargotec, the company's commitment is demonstrated by its actions: "Over the last year we emphasised sustainability in the products that we offer, for example, the launch of an electronic shuttle carrier and electric cranes for bulk carriers. We have also improved our training services for customers, including training for more economical driving that reduces fuel consumption. These are part of a larger EcoService concept, which is currently being developed.

"We have started to build a new assembly factory in Poland, where we will have a pellet heating solution and are studying alternative energy sources for electricity. We have worked together with our Product Supply's assembly units to set out the most important actions for each unit with regard to energy-efficiency and decreasing greenhouse gas emissions."

More information for the press:
Karoliina Loikkanen, Sustainability Officer, tel. +358 (0) 204 55 46 26
Minna Karhu, Vice President, Corporate Communications, tel. +358 204 55 4630

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com