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Trade Press Release

MacGREGOR signs single biggest offshore crane order

31/01/2008

A record year for the MacGREGOR Group

Cargotec Corporation which MacGREGOR is part of published its result for 2007 today. MacGREGOR orders received in 2007 accounted for a record high of EUR 1,696 million.

Worldwide demand for marine cargo flow and offshore solutions reached a record high in 2007 with the increasing number of new vessel orders in shipyards around the world. MacGREGOR sales kept pace with this demand for all of company operations worldwide and succeeded in winning market share. At the end of the year the company orders received totalled more than double those for the end of 2006.

MacGREGOR excellent result cannot only be credited to the good market situation, says Olli Isotalo, President of the MacGREGOR Group. Our expertise in providing engineering and service solutions for the maritime transportation industry together with the markets gained by the newcomers of the Group; Bulk Handling and Offshore divisions, bring the company new opportunities. We are growing fast, both in terms of revenue and in number of personnel, and thus MacGREGOR is not the same company as it was two years ago. We are and shall continue to be successful because we are able to deliver the products and services that our customers have come to expect.

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For further information;
Olli Isotalo, President, The MacGREGOR Group
Tel. +358 204 554 253
Email: olli.isotalo@macgregor-group.com

or

MacGREGOR Group press office:
Mr Steve Labdon, MacGREGOR Group Media Representative
Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331
E-mail: steve.labdon@j-l-a.com