Cargotec plans for further investments in its multi-assembly unit in Poland
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 8 JUNE 2012 AT 9 A.M. (EEST)
Cargotec has decided to proceed with investment plans in its multi-assembly unit (MAU) in Stargard Szczecinski in Northern Poland. The value of the investment for a new painting and assembly area will be close to EUR 20 million. The planned new area is estimated to be completed in 2014.
Cargotec's multi-assembly unit in Poland started operations in 2010 and it has delivered a wide range of Cargotec equipment to customers globally. The planned new painting and assembly area would improve the capabilities and efficiency in assembling load handling equipment.
Further information for the press:
Mika Selänne, Vice President, Load Handling Supply, tel. +358 20 777 4156
Anne Westersund, Vice President, Communications and Marketing, tel. + 358 20 777 4460
Further information for investors:
Paula Liimatta, Director, Investor Relations, 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 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com