Transfer of Cargotec's component manufacturing in Estonia to Komas completed

2012-02-13 13:05:12 -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 13 FEBRUARY 2012 AT 2 P.M. (EET)

Cargotec has completed the transfer of its component manufacturing operations in
Estonia to Komas that was announced on 30 November 2011. The parties have agreed
not to disclose the value of the transaction.

Komas is already one of Cargotec's preferred suppliers of steel structures and
Cargotec will remain a key customer of the plant. By deepening this
relationship, Cargotec secure a recognised partner for the supply of components.

All approximately 370 employees have transferred to Komas Estonia, which will
continue operations in the existing premises.


Further information for the press:
Mika Selänne, Vice President Operations EMEA, tel +358 40 566 8199
Anne Westersund, Vice President Communications and Marketing, tel: +
358 20 777 4460

Further information for investors:
Paula Liimatta, Investor Relations 
  
    
      
        

	    
  
  Director, 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 3.1 billion in 2011 and it employs
approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV www.cargotec.com

Komas is a system supplier for the engineering industry. Its operations cover
machining, assembly, hydraulics and logistics services. The company has
facilities in nine Finnish municipalities and factories in Poland and China. The
head office is located in Jyväskylä. The Komas Group employs approx. 1,200
people and its turnover in 2010 was approx. MEUR 120.









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Source: Cargotec Oyj via Thomson Reuters ONE

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