Cargotec's Hiab wins major order worth EUR 40 million from Rheinmetall MAN in Germany
05/05/2014
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE 5 MAY 2014 AT 14 PM (EEST)
Cargotec's Hiab wins major order worth EUR 40 million from Rheinmetall MAN in Germany
Cargotec's Hiab has won an order worth more than EUR 40 million for demountables and loader cranes from Rheinmetall MAN Military Vehicles GmbH (RMMV) of Germany, a joint venture company of Rheinmetall AG and MAN Truck & Bus AG. The contract follows the signing of a Strategic Framework Agreement between Cargotec and RMMV in the beginning of 2014.
The contract includes 559 MULTILIFT demountable and 237 HIAB loader cranes. The order forms a part of a programme of vehicles to be supplied to the Australian Defence Force for project "Land 121" (Phase 3B). The deliveries will commence in 2016, with the contract due for completion in 2020. The order will be booked into Cargotec's 2014 second quarter order intake.
The MULTILIFT MHS165SC demountable system specified by the end user, enables handling of a variety of different modules adapted to transport water, fuel and other supplies. The system will also include a Container Handling Unit (CHU) that enables handling of standard 20-feet ISO containers.
The HIAB loader cranes specified in the order are H099ATD-2 models. These special low built cranes are designed to help facilitate the complete vehicle being transported in its standard configuration by a number of different methods (e.g. air, rail, sea and road).
The Australian Defence Force has, under a far-reaching modernisation programme, contracted RMMV in Australia, a wholly owned subsidiary of Rheinmetall MAN Military Vehicles GmbH of Germany, as a prime contractor for this project.
Further information for the press:
Gert Larsson, Executive Vice President, Hiab; e-mail gert.larsson@cargotec.com
Lotta Clausen, Vice President, Communications, Hiab, tel. +46 372 378 138; e-mail lotta.clausen@cargotec.com
Further information for investors:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084, paula.liimatta@cargotec.com
Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com