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Press Release

Cargotec Signs Significant Service Contract for Load Handling Equipment


Hiab, the business area providing load handling solutions within Cargotec, has signed a significant service contract for load handling equipment. The contract covers the service of Hiab loader cranes and demountables on 548 Scania trucks used by the Dutch Army. The contract length is 13 years and worth approximately EUR 30 million. The order value will be booked evenly during the length of the contract. Hiab has also agreed to take care of damage repair including spare parts supply during the length of the contract.
Hiab received in 2004 an order to deliver 548 demountable systems and 145 loader cranes to the trucks delivered to the Dutch Army. The service contract now signed with Scania covers the service of this equipment. The service will be done in Hiab workshops close to army depots as well as through a mobile service setup.
Cargotec Corporation
Kari Heinistö                                                   
Senior Executive Vice President and CFO  
Eeva Mäkelä
SVP, Investor Relations and Communications
For further information, please contact:
Pekka Vartiainen, President, Hiab, tel. +358 204 55 4264
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.
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