Cargotec secures EUR 25 million of orders for MacGregor hatch covers and lashing systems from South Korea

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 SEPTEMBER 2011 AT 11.30 AM (EEST)

Cargotec has confirmed new orders worth around EUR 25 million to deliver MacGregor hatch covers,  lashing bridges and fixed lashing gear for eleven 8,800 TEU container ships being built by Sungdong Shipbuilding & Marine Engineering shipyard in South Korea. The MacGregor equipment will be delivered between mid-2012 and the end of 2013. The orders include an option for the delivery of MacGregor solutions for a further ten ships.  

"Hatch covers and lashing systems are an integral part of a container vessel's cargo-handling ability," says, Tommi Keskilohko, Sales Manager for Container ships. "Cargotec's early involvement in the project enabled it to design the most efficient and safe cargo handling solution possible. Also, as a result of our cargo system design expertise, we can maximise the ship's overall efficiency and profitability."

"Furthermore, Cargotec is the only company who can deliver the whole cargo equipment package. This provides the shipyard with one accountable partner, allowing it to concentrate on its core business," Mr Keskilohko adds.

Further information for the press:
Tommi Keskilohko, Sales Manager, Container Ships, tel: +358 2 4121 440
Anne Westersund, Vice President Communications and Marketing, tel: + 358 20 777 4181

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 777 4084

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 totalled EUR 2.6 billion in 2010 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com