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Trade Press Release

Cargotec receives an order for 80 Hiab loader cranes from Mexico


CARGOTEC CORPORATION, TRADE PRESS RELEASE, 15 NOVEMBER 2011 AT 2.15 P.M. (EET)Cargotec has secured an order to supply 80 industry-leading Hiab loader cranes to Petróleos Mexicanos (PEMEX), the national oil company of Mexico. The cranes will be used for diverse maintenance and support applications in PEMEX's nationwide operations. The loader cranes will be delivered before the end of 2011. The value of the order is close to USD 5 million.

"The longstanding relationship between PEMEX and Cargotec goes back more than 20 years, and these latest 80 Hiab loader cranes join an existing fleet in excess of 500 Hiab cranes. The cranes were selected because of the quality of the Hiab equipment and the levels of service on offer from Cargotec," says Rafael Llamas, the Managing Director of Cargotec Mexico.

Most of the equipment supplied to PEMEX is from the Hiab XS range of truck-mounted loader cranes, which are at the forefront of the industry in their precision, performance, power, and safety. The order includes 19 Hiab XS 144 B-3, eight Hiab 175-5, and 18 Hiab XS 211 EP-3 models from the Hiab mid-capacity range along with five Hiab XS 377 EP-5, four Hiab XS 422 EP-4 and 26 Hiab XS 477 E-6 models from the high-capacity range. The models deliver lifting capacities ranging from 131kNm for the smallest Hiab XS 144B-3 model up to 390kNM for the powerful Hiab XS 477E-6, which also boasts an outreach in excess of 21 metres. 54 loader cranes are fitted with Hiab's proven CLX control system with the exception of the 26 Hiab XS 477 E-6 models, which feature the Hiab Duo system.

For further information, please contact:

Rafael Llamas, Managing Director, Cargotec Mexico, tel. +52 55 5358 7651

Pauliina Koivunen, Public Relations Director, tel. +358 20 777 4205

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 2.6 billion in 2010 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV.

Hiab is the global market-leading brand in on-road load handling solutions. Customer-driven Hiab on-land load handling products and solutions are utilized in moving goods and materials on the road, for example in construction sites, forests, industry, waste handling, recycling and by the defence forces.

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