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Press Release

Cargotec Receives Service Contract from India

11/07/2006

Kalmar, the business area providing container handling solutions within Cargotec, has signed a five-year service contract for 29 rubber-tired gantry cranes (RTGs) with Mumbai-based terminal operator Gateway Terminals India Pvt Ltd (GTI). The service contract covers maintenance, engineering support, daily inspections and parts supply as well as more than 100 maintenance specialists and operators. GTI is a joint venture between APM Terminals and Container Corporation of India.
 
Kalmar is currently delivering the RTGs ordered by GTI in March 2005 to the Nhava Seva container terminal. The service agreement further strengthens Kalmar's position in India. Since establishing its own subsidiary in the end of 2005 through the acquisition of 51 percent of Indlift, its previous agent, Kalmar has been growing its sales and service network in India.
 
 
Sender:
Cargotec Corporation
 
Kari Heinistö                                                               
Senior Executive Vice President and CFO              
 
 
Eeva Mäkelä
SVP, IR and Communications
 
For further information, please contact:
Christer Granskog, President, Kalmar, tel. +358 (0)204 55 4776
Eeva Mäkelä, SVP, Investor Relations and Communications,
tel. +358 (0)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 7,700 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.
 
www.cargotec.com