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Press Release

Cargotec to Supply Cranes, Hatch Covers and Fixed Container Fittings to China for Ten Multipurpose and Heavy-lift Ships

12/17/2008

Cargotec's MacGREGOR business area providing marine cargo handling and offshore load handling solutions has received orders worth nearly EUR 30 million from China for ten shipsets of cranes, hatch covers and fixed container fittings. The delivery of the equipment will be 2010-2011.
 
Six of the ships are 9,500 dwt multipurpose cargo and container vessels ordered by a European owner from Yangfan Group Co Ltd. The other four are 18,000 dwt multipurpose vessels ordered by an undisclosed European owner from Wuhu Xinlian Shipbuilding.
 
For both series MacGREGOR is supplying hatch cover design and key components and fixed container securing equipment for deck and holds.
 
The six 9,500 dwt ships on order at Yangfan Group will each carry two GLH heavy-lift cranes. For the four 18,000 dwt multipurpose vessels on order at Wuhu Xinlian MacGREGOR is delivering three GL cranes per vessel. The ships are designed to carry containers in the holds and on hatch covers, bulk cargoes, heavy cargoes, steel coils, project cargo (large and heavy), timber and palletised cargo.
 
These orders for two series of multipurpose ships will extend MacGREGOR's success with cranes and hatch covers for this type of ship being built in China. "Close co-operation between MacGREGOR's different product areas has been one of the key factors in our success" said Svante Lundberg, sales manager for cranes at MacGREGOR. "Another important factor is working closely with customers early on in projects which enables us to provide the most effective and functional solution for their particular cargo handling needs".
 
Further information for the press:
Svante Lundberg, Sales Manager, Cranes, MacGREGOR, tel. +46 660 294 036
Mikael Liljeström, Sales Manager, Hatch Covers, MacGREGOR, tel. +358 2 4121 273
 
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 NASDAQ OMX Helsinki.
 
www.cargotec.com