Cargotec proceeds with plans for a competence and technology centre in Tampere, Finland and starts cooperation negotiations

CARGOTEC CORPORATION, PRESS RELEASE, 1 SEPTEMBER 2010 AT 10:00 A.M. (EEST)

Cargotec Corporation proceeds with plans to transform its Tampere unit into a competence and technology centre. The focus of the Tampere unit is planned to change from traditional manufacturing to developing new products and solutions. Consequently, Cargotec starts employee cooperation negotiations about possible reduction of work force with the current supply personnel in Tampere. The possible reduction measures are estimated to affect approximately 95 employees and the planned change is estimated to take approximately two years. The Tampere competence and technology centre is planned to be one of the major hubs for Cargotec's Industrial & Terminal (I&T) business area, including also a prototype and testing workshop. In addition to I&T, personnel also from other Cargotec functions such as services, sales and corporate functions would be working in the Tampere competence and technology centre. Cargotec plans to move to a more suitable site with modern premises that would also suit for competence and technology centre purposes. Cargotec has started a process for acquiring land in Tampere. The total amount of personnel in Tampere is currently approximately 430.For further information please contact,
Pekka Vauramo, Chief Operating Officer, tel. +358 204 55 4873
Anne Westersund, Vice President, Marketing and Communications, tel. +358 204 55 4460Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 204 55 4634Cargotec 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 2009 and it employsapproximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.