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Press release

Cargotec Receives Order for 20 Shuttle Carriers® from U.S.A

12/14/2006

Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 20 shuttle carriers® from APM Terminals. The shuttle carriers will be delivered during 2007 to a new container terminal in Portsmouth, Virginia, U.S.A. The terminal with an initial capacity of 1 million TEU will be in operation by 2008 and is the largest private terminal in U.S.A. The ordered shuttle carriers can carry two 20 ft standard containers at the same time. The unit price of shuttle carrier vary between EUR 0.5-0.7 million.
 
Kalmar was the first company launching the shuttle carrier concept in 2001 after identifying the need to further increase the speed of moving containers in growing container terminals. The advantages of shuttle carriers are their ability to lift and transport containers independently allowing ship-to-shore cranes and stacking cranes at container stacks to load and unload containers without waiting times. This speeds up significantly the loading and unloading of containers from the ships which is important as the sizes of container ships are growing. The biggest container ships operating today have capacity to carry over 10 000 TEU. A TEU stands for one 20-foot container.
 
 
Sender:
Cargotec Corporation
 
Kari Heinistö                                                   
Senior Executive Vice President and CFO    
 
Eeva Mäkelä
SVP, Investor Relations and Communications
 
For further information, please contact:
Christer Granskog, President, Kalmar, tel. +358 204 55 4776
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
 
Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.
 
www.cargotec.com