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Stock Exchange Release

Cargotec to deliver MacGregor RoRo equipment worth more than EUR 20 million to South Korean shipyard

6/27/2011

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 JUNE 2011 AT 11 AM EEST

 

In June Cargotec has signed a contract with Hyundai Mipo Dockyard Co. Ltd in South Korea to deliver MacGregor RoRo equipment for four deepsea ConRo vessels to be built for a Saudi Arabian owner.  The MacGregor equipment will be delivered in 2012 - 2013.

 

"These specialist ships are designed to carry general and project cargo as well as various type of RoRo cargo.  Cargotec has great expertise and technical know-how in delivering flexible and efficient MacGregor cargo handling solutions to our customers," says Magnus Sjöberg, Sales Director for RoRo Ships at Cargotec. "Furthermore, we have a long and successful relationship with the shipyard and we understand their business and processes."

 

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Further information for press:

Magnus Sjöberg, Sales Director, RoRo Ships, tel. 46-31-850 819

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 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com