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Press Release

Cargotec Receives Significant Ship Crane Orders from China

21/12/2006

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received orders for 84 ship cranes from China. The cranes will be delivered between 2007 and 2009 for container ships and multi-purpose vessels that will be built in different shipyards. The value of the orders is approximately EUR 25 million. 
 
30 of the cranes will be delivered to Guangzhou Wenchong shipyard for 15 container ships ordered by different shipowners. The value of this order is approximately EUR 10 million of the overall value.
 
Each of the cranes will be equipped with a control system that helps to adjust the speed and ramp times of the cranes and in this way optimise the cargo handling operation.
 
 
Sender:
Cargotec Corporation
 
Kari Heinistö                                                   
Senior Executive Vice President and CFO  
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Erik Hägglund, General Manager, MacGREGOR Crane Division, tel. +46 660 29 40 01
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