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Press Release

Cargotec Receives Offshore Equipment Orders Worth Over EUR 50 million

18/12/2007

Cargotec's MacGREGOR business area providing marine cargo handling and offshore solutions, has during November received significant offshore equipment orders. The equipment will be delivered during 2009-2010 and the value of the orders exceeds EUR 50 million.
 
The orders consist, among others, of two Hydramarine cranes equipped with Active Heave Compensation (AHC) systems. The cranes will be delivered for an offshore vessel ordered by a Norwegian ship owner and will be manufactured in Kristiansand, Norway. In addition, four Hydramarine AHC cranes will be delivered for offshore vessels ordered by ship owners in Germany and in India. These four cranes will be manufactured 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:
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 11,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the OMX Nordic Exchange, Helsinki.
 

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