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Press Release

Cargotec Receives Record Number of Ship Crane Orders during First Quarter


Cargotec's MacGREGOR business area providing marine cargo handling solutions has received a record number of ship crane orders in January-March 2007 from various ship yards in China, Korea, Poland, Romania and Croatia. The ship cranes will be delivered during 2007-2010. The value of the orders received totals EUR 63 million. The orders increase further MacGREGOR's market share in ship cranes.
MacGREGOR received ship crane orders from China to both bulkers and general cargo ships. The cranes ordered to bulkers will be delivered to Weihai Ship Yards and Sinopacific Yards during 2008-2009. The ship cranes will be manufactured in China by MacGREGOR's partner plants. The ship cranes for general cargo ships will be delivered for two ships of Hanjin Heavy Industries in Korea, two ships of Zhejiang Hongguan Shipbuilding in China and four ships of Kouan Shipyard in China.
Ship crane orders for container ships were received from Poland and China. The ship cranes for altogether 12 container ships will be delivered during 2008-2010.
MacGREGOR strengthened its position in the transloading segment. Emirates Trading Agency based in Dubai ordered four heavy duty grab cranes on board each of two panamax transloading stations. The stations will primarily handle iron ore. The complete installation can handle approximately 2,500 tonnes of iron ore per hour.
MacGREGOR further stregthened its market position also in cranes for tankers. A total of 156 MacGREGOR service and hose-handling cranes will be delivered for tankers being built in ship yards in China, Korea, Croatia and Romania. The ship cranes will be manufactured by MacGREGOR's partner plants in China, Korea and Croatia.
Cargotec Corporation
Kari Heinistö
Senior Executive Vice President and CFO
Eeva Mäkelä
SVP, Investor Relations and Communications
For further information, please contact:
Erik Hägglund, General Manager, MacGREGOR (SWE) AB, tel. +46 660 29 40 01
Kenneth Mellin, Sales Manager, Crane Division , MacGREGOR (SWE) AB,
tel. +46 660 29 41 76
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 2.6 billion. The company employs close to 9,000 people and operates in approximately 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.


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