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Trade Press Release

Cargotec receives EUR 20 million order for MacGregor electric-driven cranes

7/7/2010

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 7 JULY 2010 AT 4 PM (EEST)Six open-hatch cargo ships ordered by Grieg Shipping will feature a total of 24 MacGregor variable frequency drive cranes; the order is worth EUR 20 million and was booked into the second quarter 2010 order intakeCargotec has signed a contract to deliver six shipsets of environmentally-friendly variable frequency drive (VFD) MacGregor cargo cranes to Grieg Shipping's new 48,700 dwt open-hatch general cargo ship series. The ships will be built at Hyundai Mipo Dockyard in South Korea for the Norwegian shipping group. In total, the order comprises 24 VFD electrically-driven cranes: each vessel will have four 75-tonne SWL units installed. The cranes are planned for delivery from 2012 until 2013."We work closely together with our customers which enables us to introduce innovations that improve the safety, efficiency and sustainability of their operations", says Per-Erik Nilsson from Cargotec. "The MacGregor electric crane series inherits the best characteristics of proven designs, but also combines improved operability with a low environmental impact". [ends]

Caption: MacGregor VFD electric crane series inherits the best characteristics of proven designs, but also combines improved operability with low environmental impact

Further information:
Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21
Email:
or
Heli Malkavaara, Communications Manager, tel. +358 2 4121 252
Email:

Notes to editors

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 2009 and it employs approximately 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.

MacGregor is the global market-leading brand in marine cargo handling and offshore load-handling solutions. Customer-driven MacGregor engineering and service solutions for the maritime transportation industry, and the offshore load-handling and naval logistics markets are used onboard merchant ships, offshore support vessels, and in ports and terminals.