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Stock Exchange release

Cargotec has secured orders worth more than EUR 20 million for MacGregor cranes and hatch covers for general cargo ships

3/9/2011

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 9 MARCH 2011 AT 10:00 AM EET


Cargotec has confirmed new orders worth more than EUR 20 million to deliver fully electric driven MacGregor cargo handling cranes and design and key components for hatch covers. The equipment is for eight general cargo vessels to be built at Zhejiang Ouhua Shipbuilding Co. Ltd., China for China Navigation Company Ltd. The ships will be delivered in 2013. The order includes an option for equipment for a further eight ships.  

Each of the 31,000 dwt general cargo vessels will be equipped with four fully electrically driven cargo handling cranes with a SWL of 60 tonnes for hook operation and a SWL of 37 tonnes for grab operation.  The hatch cover system is based on special customer requirements and comprises of a combination of hatch covers maximising the ship's cargo space and thus demonstrates Cargotec's cargo system design expertise.

"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. "Furthermore, our fully electrically driven cranes are environmentally friendly". 


Further information for the press:
Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21
Ari Viitanen, Sales Director, Dry Cargo, tel: +358 2 4121 242
Anne Westersund, Vice President Communications and Marketing, tel: + 358 204 55 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 totalled EUR 2.6 billion in 2010 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com