CARGOTEC CORPORATION, PRESS RELEASE, 25 APRIL 2016 AT 12 AM EEST Hiab, part of Cargotec Corporation, has received an order for 250 HIAB loader cranes from Ashok Leyland, which is one of India`s major truck manufacturers. The order has been booked for Cargotec`s 2016 first quarter order intake Ashok Leyland will deliver transport trucks for Indian Army`s logistics vehicles fleet. The now ordered HIAB 088 cranes will be mounted on Ashok Leyland Super Stallion 8x8 High Mobility Vehicles (HMV) which have been configured to offer high mobility and power in highly demanding desert environments. These trucks play an important role of the renewal of the Indian Army`s logistics vehicle fleet. The deliveries of the loader cranes will start in May 2016 and will be completed by October 2017. For more information, please contact: Ismo Leppänen, Hiab Government Business Operations; tel. +44 7785 307 457, ismo.leppanen@hiab.com Lotta Clausen, Vice President, Communications, Hiab; tel. +46 7055 35138, lotta.clausen@hiab.com Hiab is the world`s leading provider of on-road load handling equipment. Customer satisfaction is the first priority for us. Around 2,800 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 Hiab is part of Cargotec. Cargotec`s (Nasdaq Helsinki: CGCBV) sales in 2015 totalled approximately EUR 3.7 billion and it employs almost 11,000 people. www.cargotec.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
HUG#2006330