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2015-09-22

Cargotec Corporation: MacGregor appoints Zhengyu Li (Frank) as Vice President, Head of China business

CARGOTEC CORPORATION PRESS RELEASE, 22 SEPTEMBER 2015 AT 11 AM (EEST)

MacGregor develops operations in China and strengthens its organisation by
appointing Zhengyu Li (Frank) as Vice President, Head of China as of 1
October 2015. Mr Li drives the development of MacGregor business in the most
important market in the marine industry. He will be a member of the MacGregor
Group Executive Team and based in Shanghai.

Mr Li has over 25 years of international business experience, during which he
has held various leadership positions in successful global companies like
General Electric and Caterpillar in the Asia Pacific region. He joins
MacGregor from Caterpillar, where his last role has been Innovation Director.

"We are very happy to welcome Mr Li to MacGregor. I am convinced that his long
and valuable industry experience will contribute to our success in China,"
says Michel van Roozendaal, President, MacGregor.

For more information please contact:
Michel van Roozendaal, President, MacGregor
Minna Karhu, Vice President, Communications, MacGregor

MacGregor shapes the offshore and marine industries by offering world-leading
engineering solutions and services with a strong portfolio of MacGregor,
Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and
operators are able to optimise the lifetime profitability, safety,
reliability and environmental sustainability of their operations by working
in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel
operations, offshore loads, crude/LNG transfer and offshore mooring are
alldesigned to perform with the sea
.www.macgregor.com

MacGregor is part of Cargotec. 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

Photo of Zhengyu Li (Frank)
http://hugin.info/135578/R/1953477/710848.jpg

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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

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