Cargotec Receives Hatch Cover Order from Germany

March 3, 2006, Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received a large order for hatch covers from the German shipyard JJ Sietas. The hatch covers will be delivered for four 12,000 dwt heavy lift cargo ships ordered by German specialist operator SAL. These advanced heavy lift ships will be deployed in transporting heavy and awkward project cargos and will be handed over from the Hamburg-based shipyard during 2008–2009. The order includes an option for hatch covers for two additional ships.

The hatch cover deliveries include two foldtite-type covers extending around 26.5 meters of the hatch length measuring 17 meters wide. The delivery also comprises a six-panel stacking element (two hoistable and four rolling panels) extending over around 80.6 meters of the hatch length measuring 17 meters wide.

MacGREGOR and JJ Sietas have cooperated for nearly 30 years.

Cargotec Corporation is the world’s leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec’s operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec’s net sales exceeded EUR 2.3 billion. The company employs some 7,500 people and has activities in more than 160 countries. Cargotec’s class B shares are listed on the Helsinki Stock Exchange.

Contact Information

Eeva Mäkelä

SVP, Investor Relations and Communications

Cargotec Corporation

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