Cargotec - Company Announcement

Cargotec has secured orders worth more than EUR 20 million for MacGregor cranes and hatch covers for general cargo ships

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 9 MARCH 2011 AT 10:00 AM EET


Cargotec has confirmed new orders worth more than EUR 20 million to deliver
fully electric driven MacGregor cargo handling cranes and design and key
components for hatch covers. The equipment is for eight general cargo vessels to
be built at Zhejiang Ouhua Shipbuilding Co. Ltd., China for China Navigation
Company Ltd. The ships will be delivered in 2013. The order includes an option
for equipment for a further eight ships.

Each of the 31,000 dwt general cargo vessels will be equipped with four fully
electrically driven cargo handling cranes with a SWL of 60 tonnes for hook
operation and a SWL of 37 tonnes for grab operation.  The hatch cover system is
based on special customer requirements and comprises of a combination of hatch
covers maximising the ship's cargo space and thus demonstrates Cargotec's cargo
system design expertise."The crane and hatch cover outfits are an integral part of the cargo access and
handling ability of the vessels, and the MacGregor cargo handling solution
offers an efficient and reliable system for the shipowner," says Per-Erik
Nilsson, Cargotec sales and marketing director. "Furthermore, our fully
electrically driven cranes are environmentally friendly".


Further information for the press:
Per-Erik Nilsson, Sales and Marketing Director, Cranes, tel: +46 660 29 40 21
Ari Viitanen, Sales Director, Dry Cargo, tel: +358 2 4121 242
Anne Westersund, Vice President Communications and Marketing, tel: +
358 204 55 4460

Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 204 55 4634

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 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com

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