Cargotec has opened a new Technology and Competence Centre in Tampere

CARGOTEC CORPORATION, PRESS RELEASE, 21 MAY 2013 AT 15.00 (EEST)

Cargotec's Technology and Competence Centre was inaugurated today in an official opening ceremony in Tampere. The guests included people influential in society, industry and science, as well as partners and employees of Cargotec.

In his inaugural address, Cargotec's Chairman of the Board, Ilkka Herlin, emphasised the increasing role of automation in the functioning of ports, "In Tampere, the focus is on the advancement of automation. Automated solutions can enhance port and terminal functions and promote their sustainable development. We see great potential in automation for our customers around the world."

In the years 2011-2013, Cargotec has invested approximately EUR 35 million in the construction of the Technology and Competence Centre in Tampere. In the Centre, Cargotec's Kalmar business area focuses on the development of energy-efficient, safe and intelligent machinery and automation solutions. "The functioning of ports is simulated in the laboratory and testing range, based on real data provided by our customers. In this respect, the Centre is unique in the world," stated Mika Vehviläinen, President and CEO of Cargotec.

Previously, Cargotec operated in the Härmälä district of Tampere. The guests of the inaugural ceremony were presented with the recently completed history of Cargotec's time in Härmälä. The book sheds light on the 75-year history of the area. "The State aircraft factory was moved from Suomenlinna to Härmälä in 1936. In addition to Cargotec, many other major Finnish companies have significant business operations today that originate from the aircraft factory. You might say that one of the first Finnish business incubators operated in Härmälä," said Chief Technology Officer Matti Sommarberg.

The Technology and Competence Centre is one of the most energy-efficient office buildings in Finland. In March, the Centre was awarded the international BREEAM environmental certificate.

For further information please contact: 
Matti Sommarberg, Executive Vice President, Chief Technology Officer, Cargotec, tel. +358 20 777 4108
Anne Westersund, Senior Vice President, Communications and Public Affairs, Cargotec, tel. +358 20 777 4460

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. www.cargotec.com