CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 31 MARCH 2015 AT 3 PM EEST
Cargotec's Hiab receives a significant order for MOFFETT truck mounted forklifts from North America
Hiab, part of Cargotec, has received a significant order for MOFFETT truck mounted forklifts from Lowe's, a leading North American company with over 1,840 home improvement and hardware stores across the country. The value of the order is approximately USD 10 million and the equipment will be delivered during 2015.
The MOFFETT truck mounted forklifts are transported on the back of a delivery truck or trailer and are ready to use in less than a minute. The 4-way M8 model that will be delivered to Lowe's has a lift capacity up to 2,500 kg (5,500 lbs) and it is designed for a wide range of industrial and commercial applications, especially for use on difficult terrain. The extensive features of the MOFFETT M8 provide maximum operating safety and efficiency, as well as the latest, lower emission Tier 4 final compliant engines
The order received is continuation for the order of truck mounted forklifts Lowe's made already in 2014 and comments: "We chose Hiab to be our partner because of the high quality of the equipment accompanied with the high level of service nationwide".
Hiab's sales director Ronald Verzijl says "We are very proud of being Lowe's partner. We have had a longlasting relationship with them since 1996 and delivered loader cranes as well as truck mounted forklifts over the years".
More information for media:
Ronald Verzijl, Sales Director, Hiab; tel. +1 404 272 3424
Lotta Clausen, Vice President, Communications, Hiab; tel. +46705535138
More information for investors:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com