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Press Release

Cargotec Receives an Order for Four World's Largest Ship Board Twin Cranes


Cargotec's MacGREGOR business area providing marine cargo handling solutions has received an order from the Polish-Chinese shipowner Chipolbrok for four ship board twin cranes. The ship board twin cranes will be delivered during 2007-2008 for four Chipolbrok vessels built in 1990s for upgrading their cargo handling ability. The value of the order is approximately EUR 8 million.
Chipolbrok is one of the leading operators of general cargo ships between Asia and US as well as Europe. MacGREGOR agreed in 2006 to deliver three similar ship board twin cranes to Chipolbrok. The now ordered four ship board twin cranes will be manufactured at MacGREGOR's long-term partner plant Nanjing Lüzhou Machine Works in China. Two ship board cranes can hoist a load simultaneously or separately. The hoisting capacity of a twin crane is 150 tonnes at 20 meters and 90 tonnes at 28 meters.
Cargotec Corporation
Kari Heinistö
Senior Executive Vice President and CFO
Eeva Mäkelä
SVP, Investor Relations and Communications
For further information, please contact:
Kenneth Mellin, Sales Manager, Crane Division, MacGREGOR (SWE) AB, +46 660 294 176
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
Cargotec is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's net sales are EUR 2.7 billion. The company employs approximately 9,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.


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