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Press Release

Cargotec Corporation, Press Release, August 30, 2006 at 1.15 p.m. Finnish time

30/08/2006

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received several ship crane orders during July-August 2006. The orders consist of 55 ship cranes, which will be delivered during 2007-2008. The total value of the orders is approximately EUR 15 million.
 
The ship cranes will be delivered to vessels being built at various ship yards in Asia. Of the ordered ship cranes 44 will be delivered to container vessels being built at Chinese ship yards. The order also includes six bulk handling cranes for an Indian ship yard and three scrap handling cranes and two ship cranes for a logistics company in Singapore.
 
Sender:   
Cargotec Corporation
 
Kari Heinistö                                                    
Senior Executive Vice President and CFO
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Hans Sahlin, Sales Manager, MacGREGOR Cranes, tel. +46 660 294 181
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
 
 
Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.
 
www.cargotec.com