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Press release Cargotec

Cargotec plans to reorganise its operations in Lidhult, Sweden

10/15/2012

CARGOTEC CORPORATION, PRESS RELEASE, 15 OCTOBER 2012 AT 9:30 AM EEST

To improve operational efficiency and profitability, and to ensure long-term competitiveness in global markets, Cargotec is planning to centralise its reachstacker and empty container handler production in Europe to its multi-assembly unit Stargard Szczecinski, Poland.

Reachstakers and empty container handlers are currently assembled at the Lidhult multi-assembly unit in Sweden, which is planned to focus on forklift trucks' production in future. Because of the plans, Cargotec will begin cooperation negotiations on the possible personnel reductions in Lidhult on 16 October 2012. According to Cargotec's initial estimate, the planned measures could result in the reduction of approximately 130 employees in Lidhult.


Further information for the press:
Olli Isotalo, President, Terminals, tel. +358 20 777 4111
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 777 4460

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 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com