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Trade press release

NorSea orders seven Kalmar reachstackers

9/25/2009

Press release,25September 2009
Cargotec has been awarded a contract by Norwegian Group AS for seven Kalmar reachstackers equipped with special attachments for handling pipes. The reachstackers will be used for handling gas pipeline sections for the Nord Stream Project that will supply Europe with additional gas from Russia via two parallel pipelines of 1,220km long. The order also includes a service agreement. The equipment will be delivered in January 2010.

The approximately 120,000 pipe sections to be handled by NorSea have an average weight of around 25 tonnes each after concrete weight coating by EUPEC. NorSea Group has been subcontracted by EUPEC for transportation of the coated pipes from Mukran, Germany to Karlskrona & Slite (Gotland), Sweden and from Kotka, Finland to Hanko, Finland. NorSea has also been subcontracted for the loading, offloading, and interim storage of the pipe sections at these three temporary storage sites before they are shipped out by supply boat to the barge that lays the pipe sections on the Baltic Sea bed.

Svante Alverönn, Sales Manager for Industrial Business, Northern Europe at Cargotec:
The collaboration between the companies started in 1986 with the purchase of NorSea first Kalmar forklift truck. Building on a close co-operation in developing a technical solution, our proven service availability and excellent co-operation over the years, we received an order for three Kalmar reachstackers and two Kalmar terminal tractors at the beginning of 2009, which were delivered in June. Today we are proud to announce that our co-operation continues with an agreement with NorSea to supply additional seven reach stackers and two terminal tractors for this large gas pipeline project.

Cargotec is known for its ability to customize its equipment to provide special lifting solutions for applications beyond its traditional marketplace. The reachstackers are equipped with a special attachment for handling pipes. Usually pipe handling solutions with reachstackers consist of a slave attachment connected to the spreader. Cargotec solution is a fully integrated attachment.

Mikael Persson, Director, Kalmar Reachstackers at Cargotec:
We were able to offer a complete solution by working in close cooperation with the customer in a technology driven process. This integrated attachment is specially adapted for pipe handling will increase reliability and safety.

NorSea Group AS is a wholly privately-owned company that was founded in 1965. It is a leading supplier of base services and integrated logistics systems to the Norwegian oil and gas industry. The company annual turnover is approx NOK 1.5 billion. The Group has its headquarters in Tananger, outside Stavanger, and has proprietary interests in 8 supply bases along the Norwegian coast.

EUPEC is one of the world leading companies for providing multi-layer anti-corrosion and thermal insulation coating systems for pipes, weld seams and fittings. EUPEC has been providing reliable solutions to protect steel pipelines for more than 40 years, both for offshore and onshore applications. The company is also an internationally recognised service provider for concrete weight coating, manufacturing pipe-in-pipe systems, providing cathodic protection, remote monitoring services for pipelines and other services in the pipeline sector. EUPEC is certified in line with the ISO 9001, 14001, OHSAS 18001 and Qualicert standards.

Nord Stream AG is an international joint venture established for the planning, construction, and subsequent operation of a new pipeline across the Baltic Sea. OAO Gazprom holds a 51 per cent stake in the joint venture. BASF/Wintershall AG and E.ON Ruhrgas hold 20 per cent each, and N.V. Nederlandse Gasunie has a 9 per cent stake.

For further information please contact,
Pauliina Koivunen, Communications Manager, tel. +358 3 265 8111
pauliina.koivunen@cargotec.com


NOTES TO EDITORS

Cargotec improves the efficiency of cargo flows by offering solutions for the loading and unloading of goods on land and at sea – wherever cargo is on the move. Cargotec main daughter brands for cargo handling Hiab, Kalmar and MacGregor are global market leaders in their fields. Cargotec global network offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec sales totalled EUR 3.4 billion in 2008 and it employs approximately 11,000 people. Cargotec class B shares are quoted on the NASDAQ OMX Helsinki.

Cargotec expertise in container and heavy load handling is represented in the global marketplace by the wide range of Kalmar solutions. This includes ship-to-shore cranes, yard cranes, shuttle and straddle carriers, reachstackers, empty container handlers, terminal tractors, log stackers and automation. One-in-four container movements around the globe is handled by a Kalmar machine.

www.cargotec.com