menu

Our businesses:

{{displayStock}}

Stock Exchange release

Cargotec wins major port automation contract in Los Angeles, USA

10/14/2011

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 14 OCTOBER 2011 AT 11 A.M. (EEST)

Cargotec has won a contract to supply ten state-of-the-art Kalmar automatic stacking cranes and 17 customer specific automatic shuttle carriers to leading terminal services' provider TraPac Inc, in Los Angeles, USA. The equipment will be delivered to TraPac Inc, a subsidiary of Mitsui OSK Lines, in 2012 and 2013. The parties have agreed not to disclose the value of the order. The order has been booked in the third quarter of 2011.

Lennart Brelin, Cargotec Executive Vice President, Americas said this order reinforced the company's position as a leading supplier in port automation. "Since 1990, we have steadily developed our track record in the field of port automation and this order would not have been achieved without our recent efforts in port automation. This is our first large automation order in the Americas region and it strengthens our position globally in port automation."

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.

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:
Lennart Brelin, Executive Vice President, Americas, tel: + 1 419 482 6840
Anne Westersund, Vice President Communications and Marketing, tel: + 358 20 777 4460

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