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Stock Exchange release

Foundation stone of Cargotec's Technology and Competence Centre to be laid in Tampere - total investment 35 million

9/27/2011

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 SEPTEMBER AT 4 P.M. EEST

Cargotec is investing approximately EUR 35 million in building an innovative Technology and Competence Centre in Tampere, Finland, during years 2011-2013. The foundation stone of the centre was laid today. Modern facilities and an extensive test area will be located on a ten-hectare industrial site close to Tampere University of Technology.

The centre forms part of Cargotec's global network of competence centres and it develops Industrial and Terminal business area's innovative solutions for the benefit of customers.

"Tampere is our important centre of technology development. It serves as the spearhead for technologies related to energy efficiency and the intelligent use of machines. Many of Cargotec's current solutions were not even imaginable some decades ago, but are now leading examples of technology in their field. We are creating the future of container handling in Tampere. Forthcoming co-operation with the Tampere University of Technology, research institutions and companies manufacturing mobile equipment will no doubt be inspiring", comments Cargotec's President and CEO Mikael Mäkinen.

The site will host Cargotec's most extensive test area, in order to facilitate the testing and simulation of various solutions, including automated equipment and fleets, navigation systems and remote steering and control. The research and product development laboratories of the new centre will also be utilised in the introduction of new components and technologies. According to plan, the new centre will be operational in December 2012.

Cargotec supports sustainable development in the best possible way by investing in the development of new energy efficient solutions, since the main environmental effects of Cargotec's operations are generated through the use of its products. At the new facility, Cargotec is also striving to minimise the environmental impacts of its operations. For instance, the new facility is a forerunner in energy efficiency in office buildings in Finland.


Further information for media:
Matti Sommarberg, Executive Vice President, Chief Technology Officer, tel. +358 20 777 4108

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