Cargotec's new offshore service centre in Houston strengthens regional service

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 30 APRIL 2012 AT 10 A.M. EEST

Cargotec's new offshore service centre in Houston supports its global service capabilities for an ever expanding multi-national customer base while also ensuring that it services local market needs

To further expand its offshore service capabilities, Cargotec has established a new offshore service centre in Houston, Texas, which provides repair, upgrades and systems modernisations for rigs, vessels and platform operators.

The centre has a hydraulic test bed, which enables the repair of winches, hydraulic cylinders, hydraulic pumps and motors, valves and swing drive units. It can also support blow out preventer (BOP) crane upgrades, pipe handling cranes and racking systems, tensioning cylinders, as well as active heave-compensated knuckle boom cranes, davits and module handling systems.

"Cargotec's offshore service staff in the US Gulf of Mexico, Brazil and Mexico have the experience needed to satisfy the most demanding of service requirements," says Pat Drake, Regional Manager, Offshore Services in the Americas. "Cargotec's service management is committed to grow with additional industry developments, as exploration moves further offshore, in deeper water depths and in more challenging operating environments."

Cargotec USA also provides specialist proof load testing solutions for cranes, general lifting equipment and structures. "This service provides customers not only with competent crane inspection, but with safe and cost effective load test services," says Mr Drake.

Offshore service locations in the Gulf of Mexico, Brazil and Mexico are part of Cargotec's global network of around 60 marine service stations. "These are staffed with technicians and service engineers trained to perform crane inspections and repair services on drilling rigs and production platform cranes. Although this global service presence is important to support an ever expanding multi-national customer base, of equal importance is the development of a trained and qualified technical service staff with field-earned experience, necessary to service the local market's needs," stresses Mr Drake.

For further information please contact,
Pat Drake, Regional Manager, Offshore Services, Americas, tel. +1713 4373 413
Email: pat.drake@cargotec.com

or

Heli Malkavaara, Communications Director, Marine, tel. +358 2 4121 252
Email: heli.malkavaara@cargotec.com

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 3.1 billion in 2011 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com

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 andthe offshore load-handling and naval logistics markets are used on board merchant ships, offshore support vessels, and inports and terminals.