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Press release Cargotec

Cargotec to establish a global competence centre in Singapore

6/1/2011

CARGOTEC CORPORATION, PRESS RELEASE, 1 JUNE 2011 AT 9:30 AM EEST

 

Cargotec will establish a global competence centre for container terminals development in Singapore. By establishing a competence centre close to customers in Singapore, Cargotec will further strengthen its ability to provide total solutions for its container terminal customers in the whole Asia-Pacific region.

 

"Customer perspective is at the core of Cargotec's strategy. In order to better understand customer needs, Cargotec needs an extensive geographic presence and tight collaboration with local customers, partners and other stakeholders. Singapore is one of the world's largest ports and it offers a unique view to customer trends, requirements and future needs for research, development and engineering purposes. Our strong presence in Singapore will further enhance our possibilities to develop more customer-driven solutions for future needs," says Mikael Mäkinen, President and CEO at Cargotec.

 

Cargotec has been present in Singapore more than 30 years.  Today, Cargotec employs approximately 450 people in Singapore representing the company's brands Hiab, Kalmar, MacGregor and Bromma. The Asia-Pacific region has been identified as one of the company's growth areas accounting for 40 percent of the total sales in 2010. Cargotec's Asian production units are located in China, India, Korea, Malaysia and Singapore.

 

A conference call for international media, during which questions may be presented, will be held on 1 June 2011 starting at 11.15 am (EEST). The conference call will be held in English and hosted by Cargotec's President and CEO Mr Mikael Mäkinen and Executive Vice President, APAC, Mr. Ken Loh.

 

To register as a participant for the teleconference, please dial ten minutes before the beginning of the conference: US callers: +1 334 323 6201, other callers: +44 (0)20 7162 0077, access code Cargotec Singapore Press Conference/896609

 

A replay of the conference will be available for three days until midnight on 3 June 2011, in the following numbers: US callers +1 954 334 0342, other callers +44 20 7031 4064, access code Cargotec Singapore Press Conference /896609

 

Further information for press:
Mikael Mäkinen, President and CEO, tel. +358 20 777 4100
Ken Loh, Executive Vice President, APAC, tel. +852 2942 9165
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 777 4181

 

Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104

 

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 2010 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com