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Press Release

Cargotec Receives Orders for 276 Ship Cranes from China and India

05/07/2007

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received ship crane orders for 74 bulk carriers. The value of the orders is approximately EUR 75 million. The orders have been booked in the second quarter of 2007. 
 
The 276 ship cranes will be delivered during 2008-2011 for different ship yards building bulk carriers in China and India. The hoisting capacity of the ship cranes is 30-36 tonnes. The bulk carrier demand has increased in ship yards as the demand for raw materials has increased significantly and the existing fleet is replaced with new vessels.
 
 
Sender:
Cargotec Corporation
 
Kari Heinistö
Senior Executive Vice President and CFO
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Lars Söderström, Sales Manager, Bulk Ships, Crane Division,
MacGREGOR, tel. +46 660 29 40 09
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 over 9,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.
 
www.cargotec.com

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