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MacGregor Stock Exchange release

Cargotec's MacGregor wins major deck equipment order from South Korea

6/16/2015

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 16 JUNE 2015 AT 10 AM EEST

Cargotec's MacGregor wins major deck equipment order from South Korea

MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172,600m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery, windlasses and mooring winches, all optimised for operations in very low temperatures. Delivery is planned to start in 2017 and continue into 2018.

"MacGregor was awarded the contract because it can deliver equipment that complies with the demanding technical requirements of operating in extremely cold conditions," says Alexander Nürnberg, Vice President for Auxiliary and Machinery Systems business at MacGregor. "As part of this project, we have developed new technology suitable for use in extreme ambient temperatures as low as minus 52°C." 

The LNG carriers will operate in the Yamal gas field on the Yamal Peninsula in the Russian Arctic. "When operating in these challenging conditions, the highest quality equipment is essential," adds Mr Nürnberg.

More information for media:
Alexander Nürnberg, Vice President, Auxiliary and Machinery Systems, MacGregor,
tel. +49 172 981 3287
Heli Malkavaara, Communications Manager, MacGregor, tel. +358 20 777 4500,
Email: heli.malkavaara@macgregor.com

More information for investors:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

 

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 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com