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Stock Exchange Release

Cargotec receives a major order in the USA

3/30/2010

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 30 MARCH 2010 AT 1 P.M. (EET)

 

Cargotec's Kalmar RT Center, LLC (KRTC) has been awarded new orders for its Rough Terrain Container Handler (RTCH) through its contract with the Department of Defense. The new orders were released by the Tank-Automotive Armament Command (TACOM) in Warren, Michigan, USA. The new orders carry a value of 110 MUSD, which will be booked to Cargotec's first quarter 2010 order intake. 

 

KRTC was awarded the underlying 5 year production contract in 2008 and now has received orders totaling approximately 350 MUSD under this contract. 

 

The Kalmar Rough Terrain Container Handlers are used in military and specialized commercial applications and they have the ability to travel over unimproved, rough terrain surfaces while easily handling twenty or forty foot containers. These new units will be built at Cargotec's state of the art manufacturing facility in San Antonio, Texas, USA, which started operations in 2009.

 

 

For further information please contact,
Pekka Vauramo, Senior Executive Vice President and Deputy to CEO, tel. +358 204 55 4873
Bryan K. Stephens, President, Kalmar RT Center, tel. +1 210 599 6541
Minna Karhu, Vice President, Corporate Communications, tel. +358 204 55 4630

 

Further information for investors:
Eeva Sipilä, CFO, tel. +358 204 55 4281

 

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 2.6 billion in 2009 and it employs more than 9,500 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com