CARGOTEC CORPORATION, PRESS RELEASE, 14 JULY 2010 AT 11 AM (EEST)The Grimaldi Group is proceeding with plans to outsource its maintenance responsibilities by signing a new MacGregor Onboard Care agreement with Cargotec that covers RoRo equipment onboard 16 vessels in Finnlines fleet.Cargotec has secured another all inclusive MacGregor Onboard Care contract with Naples-based shipping giant, Grimaldi Group. This latest three-year agreement was signed at the beginning of June in Helsinki, Finland and includes an option for a further two-year extension. Initially, the contract takes full responsibility for all the RoRo access equipment onboard a total of eleven vessels, owned by leading Baltic Sea operator, Finnlines Plc, which is a part of the Grimaldi Group. This figure will increase to sixteen from the beginning of 2011. Grimaldi Group corporate Purchasing Director Giancarlo Coletta says that: "This agreement is another milestone in our plan to extend planned maintenance contracts to all our vessels in order to assure to our customers the highest reliability and availability of RoRo equipment. At the same time, it also demonstrates the fruitful partnership that Grimaldi Group has had with MacGregor, and now with Cargotec, over the past several decades."The Finnlines' vessels trade mainly in the Baltic Sea and will be served by Cargotec's German, Danish, Swedish, Finnish, Belgian and Spanish services branches. "The fact that we have a global network of professionals at our customers' service was a crucial success factor in the negotiations," explains Timo Nordlin, Cargotec Marine's Branch Manager in Finland. "Our capability to serve the Finnlines' fleet wherever they are, together with the fact that critical equipment components are stored in our logistic centre in Hamburg, Germany, played a big role in expanding the existing agreement to an all inclusive contract. We also worked closely with our Life Cycle Services and Spares & Technical Services teams when we planned this offer to make sure that we could meet the needs of this agreement." Earlier this year, Cargotec announced that it had secured two new high-level MacGregor Onboard Care contracts. One was a continuation of a three-year agreement with the Grimaldi Group. This contract was signed at the end of 2009 for a total of 27 vessels and includes an option for a further two-year extension. The other contract, signed in January 2010, covers any service issues onboard nine vessels that are owned by Grimaldi Group subsidiary, Atlantic Container Lines (ACL), and are managed by ACL Ship Management (ASM).Cargotec's MacGregor Onboard Care service concept offers customers sustainable ship operations and revenue earning capabilities by ensuring the operative availability of equipment through planned maintenance. Today, more than 430 vessels are protected by a MacGregor Onboard Care agreement that takes care of hatch covers, cranes, RoRo equipment, offshore devices, bulk selfunloaders and linkspans.Photo caption:
From left: Kenneth Lindström (Senior Vice President, Cargotec's Marine Service), Kimmo Kallioniemi (Manager, Cargotec's Life Cycle Services), Roberto De Gioia (Key Account Manager for Grimaldi Group at Cargotec's Marine Service), Giancarlo Coletta (Purchasing Director, Grimaldi Group), Timo Nordlin (Branch Manager, Cargotec's Marine Service, Finland) and Thomas Doepel (Head of Group Purchasing, Finnlines, Plc) after having signed the agreement in Cargotec's head office in Helsinki, Finland.
Further information for the press:
Timo Nordlin, Branch Manager, Finland, tel. +358400 824414
Email: Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 204 55 4634Notes 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.