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Press Release

Cargotec Receives Ship Crane Orders from Asia Worth Approximately EUR 70 Million

12/11/2007

 
Cargotec's MacGREGOR business area providing marine cargo handling and offshore solutions, has received significant ship crane orders in October and November from shipyards in Korea and China. 179 ship cranes will be delivered for shipyards during 2009-2011 and the value of the orders is approximately EUR 70 million.
 
The ship cranes will be delivered for 43 vessels including oil/ore carriers, general cargo vessels, bulk carriers and container ships. The vessels will be delivered for different ship owners in Taiwan, Iran, Switzerland, Cyprus, Germany as well as Israel. The equipment will be manufactured by MacGREGOR's partner plants in China and in Korea.  
 
Sender:
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, Crane Division, MacGREGOR, tel. +46 660 29 40 01
Kenneth Mellin, Sales Manager, Crane Division, MacGREGOR, 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 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 Nordic Exchange, Helsinki.
 

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