Cargotec - Company Announcement

Cargotec reorganises and streamlines Hiab and Kalmar operations in Europe, Middle-East and Africa

Cargotec Corporation STOCK EXCHANGE RELEASE April 28, 2009 at 9.30
EEST

Cargotec Corporation     STOCK EXCHANGE RELEASE
     April 28, 2009 at 9.30 EEST


Cargotec reorganises and streamlines Hiab and Kalmar operations in
Europe, Middle-East and Africa

Cargotec plans to combine its Hiab and Kalmar sales and services
networks in Europe, Middle-East and Africa (EMEA) during 2009 in a
significant reorganisation and efficiency initiative. The new
operating model will be aligned with Cargotec's One Company approach
with a strong customer frontline and service organisation. With these
measures, Cargotec improves further its customer focus and
efficiency. In addition to this new operating model, Cargotec plans
to close a loader crane factory in the Netherlands.

Hiab and Kalmar business areas will move from current separate
country level organisations into market area organisations and a
customer segment based operating model. While increasing customer
focus, the new organisation will strengthen presence with an
empowered frontline, wider management spans and a flat organisation
structure. Utilising shared back office resources improves
efficiency, provides cost savings and enables faster decision making
closer to the customer.

The planned reorganisation is estimated to have an effect of reducing
some 350 employees in current Hiab and Kalmar operations during 2009
with an emphasis on management and back office. The possible measures
for the personnel reductions will be initiated locally in employee
co-operation procedure in each country. The target is to achieve a
running rate of savings of EUR 15 million by the end of 2009, with a
further EUR 5 million in 2010.
The reorganisation will not impact Cargotec's external financial
reporting.

Due to the prevailing market situation the production of loader
cranes in Meppel in the Netherlands is planned to be closed during
2009. The closure is part of developing the global supply presence.
The plan is aligned with earlier announced actions to consolidate
crane manufacturing and to adjust Hiab's production capacity in
Europe. Cargotec has initiated co-operation negotiations regarding
the possible layoffs of the factory's some 100 employees. The
research and development and engineering functions in Meppel continue
as part of Hiab's global product development.

The initiated reorganisation and the factory closure are estimated to
create restructuring charges of EUR 25 million, the majority in 2009.

Further information for the press:

Mikael Mäkinen, President and CEO
Tel. +358 (0)204 55 4262

Pekka Vauramo, Deputy to CEO, President, Kalmar Business Area
Tel. +358 (0)204 55 4873

Pekka Vartiainen, President, Hiab Business Area
Tel. +358 (0)204 55 4401

Minna Karhu, Vice President, Corporate Communications
Tel. +358 (0)204 55 4630


Further information for the investors:

Eeva Sipilä, CFO
Tel. +358 (0)204 55 4281
Paula Liimatta, IR manager
Tel. +358 (0)204 55 4634



Cargotec improves the efficiency of cargo flows by offering handling
systems and the related services for the loading and unloading of
goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global
market leaders in their fields and their solutions are used on land
and at sea - wherever cargo is on the move. Extensive services close
to customers ensure the continuous usability of equipment. Cargotec
is the technology leader in its field, its R&D focusing on innovative
solutions that take environmental considerations into account.
Cargotec's sales totalled EUR 3.4 billion in 2008 and it employs
approximately 11,000 people. Cargotec's class B shares are quoted on
the NASDAQ OMX Helsinki.

www.cargotec.com