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Hägglunds Opens Canadian Headquarters

Maritime Activity Reports, Inc.

September 18, 2003

Hägglunds Drives (Canada) Inc., a unit of Hägglunds Drives Inc., North America, headquartered in Columbus, Ohio, announces the grand opening of their new Canadian headquarters located at 5040 Mainway, Unit #7, Burlington, Ontario. The facility will house sales offices, technical product support and repair, and inventory warehousing for Hägglunds’ line of industrial hydraulic motors and drive systems. Hägglunds is one of the world’s leading suppliers of complete hydraulic drive systems, motors and pumps for pulp and paper, off-highway, marine and offshore, mining, recycling and a broad range of other industry applications. John Duncan, President of the company’s North American operations, stated, “Our company has made this commitment to relocate and expand our Canadian operations in order to provide superior sales and support to the ever-increasing customer base we are experiencing, primarily in the pulp and paper, mining, building and construction, and rubber and plastics segments of the Canadian marketplace.” The new 700 sq. meter multi-function facility is located in an industrial strip center approximately 50 kilometers west of Toronto and is ideally accessible off the QEW on route to major centers. Mal Robertson, Business Unit Manager responsible for the new operation indicated, “After 25 years of operation as a tenant in our Stoney Creek location, our own new, dedicated company space now offers customers a larger, centrally located facility with greater inventory capacity, additional modern test facilities, and the capability of greater product repair and refurbishment throughput.” The Canadian headquarters also oversees Hägglunds sales, inventory and repair facilities in Vancouver serving the regional western provinces, and sales office in Montreal serving Quebec and the eastern provinces. The central region is covered by the Burlington, Ontario offices.

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