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Stock Exchange Release

Cargotec's MacGregor receives USD 77 million order for high efficiency cargo handling solutions from Hyundai Heavy Industries

11/22/2013

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE 22 NOVEMBER 2013 AT 1.00 PM (EET)

MacGregor, part of Cargotec, has received an order worth USD 77 million for optimised cargo handling systems for five A-14-series and five A-18-series container vessels from Hyundai Heavy Industries Co Ltd in South Korea.The 14,000 TEU and 18,000 TEU ships are built for the United Arab Shipping Company (UASC) and they are scheduled for delivery between 2014 and 2015. The shipyard holds options for an additional five A-14-vessels and one A-18-vessel.

These new series of container ships will feature optimised MacGregor cargo handling solutions designed to maximise cargo carrying capability and operational efficiency. The MacGregor cargo handling system comprises hatch covers, a comprehensive lashing system and product software "LashmateTM".

"A five-year extended MacGregor Onboard Care (MOC) agreement and a five-year functional guarantee are included in the contract," notes Jari Nieminen Sales Director, MacGregor Dry Cargo. "Over this timeframe, to verify the benefits of this optimised solution and to maximise the utilisation of the system's potential, we will conduct cargo system performance analysis and support UASC through a training programme, maintenance and spare parts services and advanced logistics for loose lashings. "This level of support is developed to allow UASC to focus on its key business," Mr Nieminen adds.

"Early involvement in a project provides a win-win situation," says Ari Viitanen, Director, MacGregor Customer Solutions. "For these ships, the cargo system has been designed as an integrated element, and as a result, we have been able to maximise the number of payload TEUs onboard, which increases profitability and reduces environmental impact by minimising emissions per TEU carried."

Further information for the press:
Ari Viitanen, Director, Customer Solutions, MacGregor Dry Cargo, tel: +358 40 827 2769
Esko Karvonen, Vice President,  MacGregor Dry Cargo, tel +358 2 4121 314

Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104
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 brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com