Cargotec's MacGregor wins a EUR 37 million order for 45 electric
winches from Hyundai Samho Heavy Industries

23 October 2013

Cargotec's MacGregor has won an order worth approximately EUR 37 million for 45 electric winches from Hyundai Samho Heavy Industries Co. Ltd, in South Korea. The order will be booked in the fourth quarter 2013 order intake and the equipment is scheduled for delivery between the second and fourth quarter of 2014.

The winches will be installed on Hyundai Heavy Industries' 10,000-tonne new heavy lift vessel, which will be one of the world's largest heavy lift ships designed to support shipbuilding activities and offshore lifting operations in international waters.

"This order is a breakthrough for MacGregor's offshore winch business in the Korean offshore market and reaffirms MacGregor's reputation as the leading provider of efficient and environmentally friendly solutions," says Francis Wong, Offshore Segment's Sales and Marketing Director at MacGregor. "Ship blocks and offshore structures are getting bigger and heavier, and in order to handle these safely and efficiently the worldwide demand for heavy lift vessels has increased."

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV.

Cargotec press release