Hiab wins key order for cranes in China

Hiab wins key order for cranes in China

ID: 386339

(Thomson Reuters ONE) -


CARGOTEC CORPORATION, PRESS RELEASE, 16 APRIL 2015 AT 2 P.M. EEST

Hiab, part of Cargotec, has won an important order to supply stiff boom cranes
to Gemac Engineering Machinery Co., Limited, in China. The order is for 60
cranes, to be delivered to the customer during 2015.

Gemac is a state-owned manufacturer and exporter of railway construction and
maintenance machinery, based in Xiangyang City, Hubei Province, China.
Established in 1958, it is the second largest manufacturer in China, with all
research, development, and manufacturing being carried out within its home
market.

Gemac produces a wide range of specialist railway construction and maintenance
vehicles, including machinery for conventional, electrified, and urban light
rail and subway railways.  Its products are exported to many markets in the
Asia-Pacific region, Africa, and the Americas.

"We chose Hiab to supply these cranes because it is the leading manufacturer of
on-road load handling equipment, and its products are high quality and
reliable," said Chen Bin, Head of Research and Development at Gemac. "We have
been working with Hiab since 2009, and have found their equipment to be well-
suited to our needs."

The HIAB ST 173-063 crane is a durable, manually operated 17-tonmeter stiff boom
hoisting crane with a reach of 9.9 metres. Its powerful boom design, compact
dimensions and low weight of just 2200kg enables it to be highly productive,
whilst maximizing its payload. The cranes will be installed on a range of
Gemac's railway maintenance vehicles, where they will be used primarily to hoist
rail track pieces.

"The order is a key one for Hiab. There has been a tremendous growth in the
Chinese railway maintenance industry recently, following years of expansion of
the domestic rail grid," says Eric Woon Taiboon, Vice President, Market Area




APAC, Hiab. "This order of stiff boom cranes by Gemac shows that our products
are becoming recognised by the domestic rail industry as being of high quality,
and adapted to its very specific needs. It's something that we take pride in at
Hiab."


For further information, please contact:

Eric Woon Taiboon
Vice President, Market Area APAC, Hiab
Tel: +86 212 606 3000
Email: eric.taiboon.woon(at)hiab.com


Hiab is the world's leading provider of on-road load handling equipment.
Customer satisfaction is the first priority for us. Around 2,600 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

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




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Cargotec Corporation via GlobeNewswire
[HUG#1911589]




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Bereitgestellt von Benutzer: hugin
Datum: 16.04.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 386339
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