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Press release

Cargotec Receives Offshore Orders Worth Over EUR 55 Million

8/14/2007

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received significant offshore equipment orders. The equipment will be delivered during 2008-2010 and the value of the orders exceeds EUR 55 million.
 
The orders include an order for anchor-handling and mooring winches delivered for Chinese shipyard Yangzhou Dayang. The shipyard is building 32 offshore supply vessels that will be delivered for French shipowner Bourbon. The value of this order is approximately EUR 15 million.
 
The other orders include several orders for a total of 23 knuckle boom offshore cranes. The cranes will be delivered for 11 offshore supply vessels which will be built in several shipyards in Europe, USA and India. The total value of these crane orders is approximately EUR 28 million.
 
MacGREGOR established in June a new division MacGREGOR Offshore. The division consists of Norwegian Hydramarine and Singaporean MacGREGOR Plimsoll, which were acquired in the spring of 2007. MacGREGOR's Offshore division employs more than 700 people while the total number of MacGREGOR personnel is approximately 2,000.
 
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 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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