MacGREGOR wins major offshore deck machinery orders

MacGREGOR’s new Offshore division has recently won deck machinery contracts for cranes, winches and davits worth around €57 million The MacGREGOR Group’s Offshore division -- which is part of the Cargotec Corporation -- has won approximately €57 million of offshore deck machinery orders for various offshore supply vessels and FPSO’s for several different shipowners. The vessels will be built in Norway, Singapore, China, Malaysia, Japan and the Middle East. The orders comprise offshore cranes, with and without Active Heave Compensation, and davits sold under the Hydramarine brand, and anchor-handling winches and mooring winches sold under the Plimsoll brand. The orders have been booked in the second quarter of 2007. The equipment will be delivered between 2007 and 2010 and manufactured by the MacGREGOR Offshore division at it plants in Norway, Indonesia and Singapore. Editor’s notes Recently acquired companies, Hydramarine in Kristiansand, Norway and Plimsoll in Singapore are the foundation for the new division within the MacGREGOR Group, MacGREGOR Offshore. The Offshore division will comprise more than 660 employees: 160 in Norway and 500 in Asia. The new Offshore division will enable a high level of attention and service to the North Sea and Asia Pacific customer base and will form an important platform for the continuous development of existing, as well as new products, to serve the offshore industry. Hydramarine focuses on the development of hydraulic and electrical load handling equipment for ship and rig owners, yards and operators. Its key products are large Active Heave Compensated (AHC) cranes for the offshore industry. Hydramarine offers a complete range of high-end handling systems such as cranes, davits, winches and subsea load handling solutions. Its products are installed on various kinds of offshore supply vessels and rigs. Hydramarine has concentrated on the offshore business in North Sea and the US Gulf region. Plimsoll focuses on the development of hydraulic deck machinery equipment for ship owners, yards and operators. Plimsoll’s key products are a comprehensive range of winches and cranes for offshore and marine applications. Its products are installed on various kinds of offshore support vessels, oil rig vessels, marine tugs and commercial marine vessels. The company also offers a wide range of services and its service business share of net sales is comparable to MacGREGOR’s. Plimsoll is considered as one of the major deck equipment suppliers in the Asia Pacific region. MacGREGOR Offshore division will, together with the existing Service division, also focus on offering the services of the global MacGREGOR Service Network to the extensive installed base of Hydramarine and Plimsoll equipment. Through strategic acquisitions within the offshore service area, i.e. Grampian Hydraulics and Vestnorsk Hydraulikkservice AS (VNH), MacGREGOR has strengthened its resources as well as knowledge within this business area. For further information, please contact: Henrik Vildenfeldt, General Manager, Offshore division, MacGREGOR (DNK) A/S Tel: +45 44 544 747 Fax: +45 44 538 410 E-mail: henrik.vildenfeldt@macgregor-group.com or MacGREGOR Group press office: Mr Steve Labdon, MacGREGOR Group Media Representative Tel: +44 (0)20 8370 1740 Fax: +44 (0)20 8364 1331 E-mail: steve.labdon@j-l-a.com