Production landmark - the 50,000th Hiab Moffett Truck-mounted Forklift handed over to Irish customer

CARGOTEC CORPORATION, TRADE PRESS RELEASE 18 SEPTEMBER 2012 AT 13 A.M. EET

Last week, on the 14th September 2012, the 50,000th Truck-mounted Forklift rolled off the assembly line at Dundalk-based Cargotec Ireland, representing a significant production landmark for this transport industry innovator.

Since its invention more than 40 years ago, the Hiab Moffett Truck-mounted Forklift has become a byword for innovation in transportation, enabling faster deliveries and safer carriage of goods to companies worldwide. The off-road capabilities of these forklifts in particular are a unique feature and a key differentiator for the companies who use them.

Constant refinement of the Hiab Moffett M-Range has recently been augmented by the development of the E-Range, the world's first Lithium-ion battery powered truck-mounted forklift which will be launched early 2013. The emission free E-Range is suitable for both indoor and outdoor use and meets strict criteria regarding energy efficiency and noise pollution.

The Dundalk multiassembly unit is Cargotec's centre of excellence for Truck-mounted Forklift research, development and production, producing machines that are exported to more than 35 countries.
"Cargotec Truck-mounted Forklifts are renowned for their advanced technology, quality and reliability," explains Michael O'Reilly, Product Manager, Hiab Moffett Truck-mounted Forklifts. "Our extensive range offers machines to suit all application requirements."

Cargotec Ireland's position as a leader in Truck-mounted Forklift technology is in no small part down to the people who work there, he adds. "Talented engineers and a committed workforce have helped to develop a product that is unique and constantly developing with the changing requirements of our customers. The production of the 50,000th truck-mounted forklift is an impressive achievement, which would not have been possible without the expertise and commitment of everybody who has contributed since the first truck-mounted forklift was build in 1967", Michael O'Reilly concludes.

For further information, please contact:

Michael O'Reilly, Product Manager Hiab Moffett Truck-mounted Forklifts, tel: +353429359502
Email: michael.oreilly@cargotec.com

Katarina Hoel, Marketing Communications Director, Load Handling, Cargotec, tel: +46 8 677 53 61
Email: katarina.hoel@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