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Press Release

Cargotec receives cargo-handling crane orders worth around EUR 25 million from India

6/3/2009

CARGOTEC CORPORATION          PRESS RELEASE        3 JUNE 2009 at 3 PM EEST
 
Cargotec receives cargo-handling crane orders worth around EUR 25 million from India
 
Cargotec has received an order worth around EUR 25 million for the supply of 96 MacGREGOR cargo-handling cranes destined for 24 bulk carriers on order at ABG Shipyard Ltd in India for Asian and European owners. The delivery of the cranes is planned to start at the end of this year and continue until mid-2013. Orders will be booked to the second quarter 2009 order intake.
 
MacGREGOR's supply for each vessel includes four GLB3026-2 cranes with a SWL of 30 tonnes. The cranes will be fitted with MacGREGOR's new control system CC3000, which ensures smooth, fast and stepless crane control. The cranes will be manufactured in MacGREGOR's partner plants.
 
"This is a significant order for MacGREGOR. We were able to offer the shipyard an effective crane design that met the vessels' cargo-handling needs. This, along with the consistent support from our local offices in India and Singapore during the negotiation phase, made us successful", Paul Söderstedt, sales manager for MacGREGOR cranes says.
 
Further information for press:
Paul S√∂derstedt, Sales Manager, Bulk Carriers, MacGREGOR, tel. +46 660 294 035

Further information for investors:
Paula Liimatta, IR Manager, Cargotec, tel. +358 (0)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 totalled EUR 3.4 billion in 2008 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.
 
www.cargotec.com