Cargotec to partner with DP World in port automation project for London Gateway
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 OCTOBER 2011 AT 8 A.M. (EEST)
Cargotec has been chosen as the preferred partner to supply 40 Kalmar automatic stacking cranes with related technology and 28 Kalmar shuttle carriers to DP World's deepsea container port London Gateway. Cargotec and DP World have signed a cooperation agreement and aim to finalise the contract shortly. The parties have agreed not to disclose the value of the intended contract however, a typical value of this size of a project is around EUR 100-150 million depending on the scope of the delivery.
"We are proud to be chosen as the partner in the heart of this landmark project and we are committed to London Gateway's success. With this cooperation, we are strengthening our position as a leader in the field of port automation," says Harald de Graaf, Executive Vice President, EMEA.
Cargotec's strategy is to focus on customers and to invest in attractive customer segments. In June this year Cargotec announced the opening of its Technology and Competence Centre in Singapore which, in cooperation with the Technology and Competence Centre in Tampere, Finland, focuses on developing automation systems. Cargotec is building the world's largest port automation test area to Tampere to facilitate the testing and simulation of various solutions, including automated equipment and fleets, navigation systems and remote steering and control.
"Since 1990, we have steadily developed our track record in the field of automation in automatic stacking crane systems and in horizontal transportation. We are determined to lead the way in automation," continues Harald de Graaf.
To support its customer focused strategy, Cargotec acquired terminal operating systems provider Navis earlier this year. Together, Cargotec and Navis will be able to offer solutions to ports. Cargotec also unveiled plans to establish a joint venture with Jiangsu Rainbow Heavy Industries Co Ltd in China to provide leading heavy crane solutions globally.
Further information for the press:
Harald de Graaf, Executive Vice President, EMEA, tel.: +31 102 946 666
Anne Westersund, Vice President Communications and Marketing, tel.: + 358 20 777 4181
Further information for investors:
Paula Liimatta, Investor Relations Manager, tel. +358 20 777 4084
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 2010 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com