Cargotec expands its presence in India by launching Cargotec Engineering, India in Pune

Jan. 10, 2008 - PRLog -- Cargotec today announced the official launch of Cargotec Engineering, India in Pune to meet their Global Product Development requirements for Cargotec Corporation. Cargotec Engineering, India has been formed to take advantage of the economic opportunities available to foreign and direct investment in India and to establish a low cost facility that will allow the company in increasing its efforts to expand their global market share.

The initial plan is to start with a 5000 sq. ft. facility in Pune to expand Cargotec’s Product Development capabilities and to become a Center of Excellence in Analysis for Hiab, Kalmar and MacGREGOR, Cargotec’s three business areas. The natural choice was to start the centre in Pune due to its close proximity to Mumbai, highly skilled professionals and state-of-the-art infrastructure available here.

The center will have 60 Mechanical, analysis, software and control engineers. The support will be provided in the fields of Engineering, Analysis, Design, Drafting and Controls development.
The center is located in the heart of the city, in Shukrawar Peth. Cargotec Engineering, India is a division of Cargotec India Pvt Ltd, a 100% subsidiary of Cargotec Corporation, Helsinki, Finland.

Seppo Saarinen, VP Technology Development, Cargotec Corporation, has been working on a number of projects in India for more than 13 years, and is impressed by the quality and skills of the Indian engineering professionals. Mr. Seppo Saarinen, VP – Technology Development, Cargotec


Corporation said, “It is extremely satisfying to get an opportunity to set up a Product Development group here in Pune to work with the other global development centers to improve our products. With this new operation, we can optimize the designs and shorten the design time and get ready for a bigger future presence in the Indian marketplace.”

Speaking at the occasion, Peeyush Kaushik, General Manager, Cargotec Engineering, India, said, “I am very happy to come on board during this company build-up and launch phase. I am very excited about the new setup which will have great opportunities in the area of CAD and CAE. This new opportunity provides me great challenges to work with Cargotec’s global team and develop an extension for other product development centers. Team work and communication will be the keys to success in this new operation, as we will work as an extended team with the Worldwide Product Development teams for current and new products.”
 

About Cargotec

Cargotec is the world’s leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation’s brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world.

Cargotec was listed on the Helsinki Stock Exchange on June 1, 2005 and the Company's first official financial period was June 1, 2005 - December 31, 2005. Their 12 months sales as on 1-12-2006 were 2,597 MEUR.

Cargotec’s three Business Areas

Hiab is the global market leader in on-road load-handling solutions.

Kalmar is the global market leader in providing equipment and services for container handling and other heavy material handling.

MacGREGOR is the global market leader in providing marine cargo flow solutions, offshore solutions and services.

For further information please log on to www.cargotec.com

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