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2014-05-07

Cargotec Oyj: Hiab celebrates 70 years of load handling leadership

CARGOTEC CORPORATION, PRESS RELEASE, 7 MAY 2014 AT 3.30 PM (EEST)

Hiab, part of Cargotec, celebrates its 70th anniversary this year. The
anniversary marks one of the great ideas in modern industry. Seven decades
ago, Swedish ski manufacturer Eric Sundin was struggling to get the heavy
timber he needed from the woods into his ski factory. The Hiab Method he
developed not only solved his challenge, but also sparked a revolution in
load handling that continues to this day.

Eric Sundin, who co-founded Hiab in 1944, found a way to transfer the
hydraulic momentum from a truck engine into a lifting motion - soon to be
known as the Hiab Method. As Hiab celebrates its 70th anniversary, the method
has been applied in over a half-million loader cranes and is used daily by
crane operators in more than 100 countries worldwide.

Just as Hiab has grown, so has Sundin's basic idea: that a vehicle equipped
with hydraulics can do so much more than travel the road. Today the Hiab
Method can be seen in the eight premium brands that comprise Hiab and share
the elephant symbol: 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.

What remains unchanged is the drive to meet real needs, whether they be high
demands on speed and precision or the need for superior flexibility and the
means to withstand the toughest working environments. Sundin was his own
first customer, and Hiab still works with customer-driven product
development. The combination of accumulated knowledge, leading technology and
the world's most comprehensive network of sales, services and support makes
Hiab a complete answer for nearly any load handling application.

Roland Sundén
, Hiab's President, says: "The philosophy has turned Hiab from an industrial
pioneer into the leading global provider, with our personnel of 2,700
professionals serving Hiab's key customer segments. Over the years we have
increased productivity in construction, forestry, recycling and other
fundamental industries, and we have improved speed, safety and accuracy
within distribution and logistics. Above all, we have created flexibility,
reliability and security for the individual operator right up to the largest
global businesses."

Hiab celebrates with a special Jubilee Crane collection
To mark the 70 years of innovation Hiab created a unique anniversary crane
collection that represents the latest technology available in the market. The
recently launched HIAB X-HiPro 192 and HIAB X-HiDuo 188 come with a unique
collection of features combined to give the customer extra everything. Each
crane is numbered and comes with a unique crane passport.

"We are proud of our cranes and our legacy. And we are grateful for all our
customers who appreciate the fine qualities of our products and the value
added they bring to their business. This is worth celebrating," concludes
Roland Sundén.

To learn more about the Jubilee Crane collection, please contact Hiab's local
sales representative.

For further information please contact:
Roland Sundén, President, Hiab; e-mailroland.sunden@hiab.com

Lotta Clausen, Vice President, Communications, Hiab; tel. +46 372 378 138,
e-maillotta.clausen@hiab.com

Photo: Hiab's founder Eric Sundin (left) next to his right-hand man Einar
Frisk, demonstrating Hiab 19 - the world's first loader crane.

Hiab is the world's leading provider of on-road load handling equipment.
Customer satisfaction is the first priority for us. Around 2,700
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 sales totalled EUR 3.2 billion in 2013
and it employs approximately 11,000 people. Cargotec's class B shares are
quoted on NASDAQ OMX Helsinki under symbol CGCBV.www.cargotec.com

Photo
http://hugin.info/135578/R/1783376/610723.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 Oyj via Globenewswire

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