Cargotec's Hiab receives a significant order for over 1,200 HIAB loader cranes from Tata Motors India
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 AUGUST 2015 AT 9.30 AM EEST
Cargotec's Hiab receives a significant order for over 1,200 HIAB loader cranes
from Tata Motors India
Hiab, part of Cargotec, has received a significant order for over 1,200 HIAB
loader cranes from Tata Motors, the largest Indian automobile company. The
deliveries will start in late 2015, with the contract due for completion by the
end of 2016.
The contract follows a tender that was initiated by Indian army in 2009 to the
truck companies. Tata was one of the five bidders, and bagged the order for over
1,200 army trucks together with 8 tm HIAB 088 loader cranes. The trucks as well
as the cranes had to undergo extensive tests and trials in various environmental
conditions for a number of years after which Tata and Hiab emerged as winners.
Mr. S. Srinivas, Hiab GBO India says: "Hiab has been working a long time with
this Indian Army project and we are delighted that the HIAB cranes were chosen
after having undergone stringent testing".
The HIAB 088 series are designed for rough operations and the cranes that will
be delivered for Tata Motors were adapted to meet Army's requirements. The
trucks and cranes will be used for transportation and loading-unloading of
pallets, spares and other operational equipment.
More information for media:
Ismo Leppänen, Hiab Government Business Operations;
tel. +44 7785 307457
Lotta Clausen, Vice President, Communications, Hiab; tel. +46 7055 35138
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
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#1947565]
Unternehmensinformation / Kurzprofil:
Datum: 26.08.2015 - 08:31 Uhr
Sprache: Deutsch
News-ID 415915
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