Cargotec donates 600 000 euros to Tampere University of Technology

CARGOTEC CORPORATION, PRESS RELEASE, 19 JANUARY 2011 AT 11:30 AM (EET)

Cargotec has decided to donate 600 000 euros to Tampere University of Technology, which conducts forward-looking research and provides education in areas that are important to Cargotec. With the donation, Cargotec wants to support the university's operations that also benefit industrial life. 

"We are very pleased with Cargotec's donation that will give us more resources. Our cooperation with a leading and international company like Cargotec gives us an important view to industry. Cargotec helps us to get firsthand knowledge of load and cargo handling products and users globally," says Markku Kivikoski, President of Tampere University of Technology.

Cargotec is building a technology and competence centre to Tampere close to Tampere University of Technology and plans to move to the new and modern premises in 2013 at the latest. 

"The Tampere competence and technology centre will be one of the major hubs for Cargotec's Industrial & Terminal business area and it will develop innovative solutions for the benefit of our customers. We believe that our cooperation with the university will develop further," says Mikael Mäkinen, Cargotec's President and CEO.

Further information for the press:
Mikael Mäkinen, President and CEO, tel. +358 204 554243
Anne Westersund, Vice President, Communications and Marketing, Cargotec, tel. +358 204 55 4460

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 approximately 9,800 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com