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Stock Exchange Release

Cargotec to Supply Ship Cranes to Hyundai Mipo Dockyard


7/1/2005 12:26 PM|

July 1, 2005

Cargotec's MacGREGOR business area providing marine cargo handling solutions has received a significant order for container handling ship cranes from the Korean shipyard Hyundai Mipo Dockyard Co Ltd. The order is the largest crane order in MacGREGOR's history. The cranes are part of a delivery of 20 container vessels with capacity of 1,800 TEU to the German ship owner OFFEN. Delivery of the cranes will take place in 2007-2008. The value of the order is approximately USD 30 million.

Hyundai Mipo Dockyard is a part of Korean Hyundai Corporation, and it is one of the major players within shipbuilding globally.

Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Leif Byström, General Manager, MacGREGOR Cranes, tel. +46 660 294001
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281

Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004 and the company has approximately 7,300 employees in over 140 countries. Cargotec's shares are listed on the Helsinki Stock Exchange.

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