Cargotec receives over EUR 20 million order for MacGregor cargo handling cranes from South Korea

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 19 SEPTEMBER 2011 AT 11 AM (EEST)

In August Cargotec confirmed a contract worth over EUR 20 million to deliver totally 80 cranes for 20 open hatch bulk carriers (OHBC) from STX Marine Service Co., Ltd in Busan. Ten vessels will be built at STX Dalian shipyard in China, and the other ten vessels at STX Offshore & Shipbuilding Co. Ltd., Jinhae shipyard in South Korea. The MacGregor cranes will be delivered April 2012 - October 2013.

"Cranes are an important part of the cargo handling ability of the vessels, and MacGregor cranes offer an efficient and reliable cargo handling solutions for the customer," says Svante Lundberg, Sales Manager for general cargo ships at Cargotec.  

Further information for the press:
Svante Lundberg, Sales Manager, General Cargo Ships, tel: +46 660 294 036
Anne Westersund, Vice President, Communications and Marketing, tel. +358 20 777 4181

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 777 4084

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 2.6 billion in 2010 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com