Cargotec signs around EUR 20 million orders for MacGregor cranes and hatch covers for bulk carriers

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 17 JUNE 2010 AT 11:30 AM (EEST) 

Cargotec has confirmed new orders worth around EUR 20 million to deliver MacGregor bulk handling cranes and hatch covers for 17 Handysize bulk carriers (37,000 dwt) and hatch covers for nine Kamsarmax bulk carriers (82,000 dwt) to be built at Zhejiang Ouhua Shipbuilding Co. Ltd., China.

Each 37,000 dwt bulk carrier will be equipped with four cranes with a capacity of SWL 30 tonnes when handling general cargo and 24 tonnes SWL when grab handling. The cranes will be manufactured at Cargotec partner plants in China and delivery is planned by the end of 2012. The hatch cover order for these vessels comprises design and key components for MacGregor 2 + 2 folding type hatch covers, with a total of 20 panels on each ship.

Additionally, Cargotec is contracted to deliver design and key components for MacGregor hatch cover sets for nine 82,000 dwt bulk carriers to be built at the same shipyard, Zhejiang Ouhua Shipbuilding Co. Ltd. The hatch cover sets comprise MacGregor rack-and-pinion side-rolling hatch covers to be delivered starting from mid 2011.

"The crane and hatch cover outfits are an integral part of the cargo access and handling ability of the vessels, and the MacGregor cargo handling solution offers an efficient and reliable system for the shipowner," says Per-Erik Nilsson, Cargotec sales and marketing director.

Further information for the press:

Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21

Email: per-erik.nilsson@cargotec.com

Ari Viitanen, Sales Director, Dry Cargo, tel: +358 2 4121 242

Email: ari.viitanen@cargotec.com

Pauliina Koivunen, Director, External Communications, tel. +358 3 265 8111

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