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Stock Exchange release

Cargotec has secured MacGregor cargo handling crane orders worth more than EUR 80 million

9/23/2010

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 23 SEPTEMBER 2010 AT 10 AM (EEST)

 

In August Cargotec confirmed contracts for 275 MacGregor cargo handling cranes with a total value of more than EUR 80 million. The cranes are destined for 72 ships on order at various shipyards in China and South Korea, comprising 64 bulk carriers and eight general cargo vessels.

 

"MacGregor cargo handling solution offers an efficient and reliable system for the shipowner", says Per-Erik
Nilsson, sales and marketing director for cargo handling cranes at Cargotec. "We have increased our market share in the important Asian market, especially being successful in the bulk carrier segment" he continues.

 

Cranes will be manufactured at Cargotec partner plants in China and South Korea and delivered 2011 and 2012.

 

Further information for the press:
Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21

 

Anne Westersund, Vice President, Marketing and Communications, tel. +358 20 455 4460

 

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 204 55 4634

 

 

 

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totaled EUR 2.6 billion in 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com