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Press release

Cargotec Receives Hatch Cover Conversion Orders worth EUR 9 million

9/29/2008

Cargotec's MacGREGOR business area providing marine cargo handling and offshore load handling solutions has received hatch cover conversion orders for four tankers converted into bulk carriers from Everlast Shipping S.A. in Greece. The new orders follow an earlier order received end last year for the same owner. The total order value of the new contracts is around EUR 9 million. The hatch covers will be delivered to the conversion yards in the second quarter of 2009.
 
MacGREGOR's scope of supply includes hatch cover design, key components, hatch cover manufacture and installation assistance.
 
"When converting tankers to bulk carriers  it is beneficial to involve hatch cover specialists from the start in order not to risk the project's completion time and to get the ships earning again as soon as possible", says Pertti Vilhonen, Manager of the Service division's major project unit. "We believe that our strength in these conversion projects is that we have a dedicated, special unit to execute them", he continues. Company's specialist team has carried out about 400 conversion projects.
 

Further information for the press:
Pertti Vilhonen, Manager, Major Project Unit, MacGREGOR Service division, tel. +358 2 4121 360
Aija Kalander, Vice President External Communications, tel. +358 40 555 1637

Further information for investors:
Paula Liimatta, IR Manager, tel. +358 204 55 4634
 
 
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec's class B shares are quoted on the OMX  Nordic Exchange Helsinki.
 
www.cargotec.com