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Press Release

Cargotec Receives Offshore Equipment Orders Worth Approximately EUR 60 Million


Cargotec's MacGREGOR business area providing marine cargo handling and offshore solutions, has during August and September received offshore equipment orders worth approximately EUR 60 million. The orders include among others six cranes to be delivered for offshore vessels which will be built at Davie Yards in Canada and deck machinery for 4 barges and 4 offshore maintenance work vessels which will be built at Nam Cheong Dockyard in Malaysia.
The cranes to be delivered during year 2009 for Davie shipyard will be manufactured in Norway. Two of the cranes are knuckle-boom offshore cranes with Active Heave Compensation (AHC), two are knuckle-boom offshore/subsea cranes and the last two are deck cranes. The value of the order is approximately EUR 15 million. The deck machinery to be delivered for Nam Cheong Dockyard during 2008-2009 will be manufactured in Asia. The value of the order is approximately EUR 8 million.
Cargotec Corporation
Kari Heinistö
Senior Executive Vice President and CFO
Eeva Mäkelä
SVP, Investor Relations and Communications
For further information, please contact:
Henrik Vildenfeldt, General Manager, Offshore division, MacGREGOR, tel. +45 44 544 747
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 sales are EUR 2.8 billion. The company employs over 10,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.


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