CARGOTEC CORPORATION, TRADE PRESS RELEASE, 21 FEBRUARY 2017 AT 11 AM EET

Hiab, part of Cargotec, has signed a contract to supply a minimum of 100 HIAB light-range loader cranes for a leading wind turbine manufacturer in China. The order with a value of approximately EUR 1.5 million was received at the end of January 2017.

The loader cranes for nacelle service are used when lifting service and maintenance parts up to the wind turbines. The agreement also includes training for operators and service personnel. Offshore wind energy is a booming industry where Asia is one of the major growth areas. Peter Krimm, responsible for Hiab business with OEMs & Truck Manufacturers, says: 'Our focus is on providing for the customer a high performing and industry leading safe crane and winch concept, when the challenge is to work with a winch with lifting height of about 100 metres in the tough and windy offshore conditions.'

'We appreciate the good communication with Hiab and the highest quality we get with the product. Safety is for us the first priority and Hiab always puts an emphasis on providing cranes with the highest safety standards in the industry,' says the customer representative.

The equipment will be delivered throughout 2017.

For more information, please contact:

Peter Krimm, Director, Key Account OEMs & Truck Manufacturers, Hiab; tel. +49 (0) 170 913 4348, peter.krimm@hiab.com

Hanna-Kaisa Talvensaari, Senior Communications Manager, Hiab; tel. +358 40 758 1572,

hanna-kaisa.talvensaari@hiab.com

Hiab is the world's leading provider of on-road load handling equipment. Customer satisfaction is the first priority for us. Around 3,000 professionals at Hiab work to provide high-performance products and services that meet customer needs globally. Our product range includes HIAB loader cranes, JONSERED recycling and forestry cranes, LOGLIFT forestry cranes, MOFFETT truck-mounted forklifts and MULTILIFT demountables, as well as DEL, WALTCO and ZEPRO tail lifts. www.hiab.com

Hiab is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com

Cargotec Oyj published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 09:09:06 UTC.

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