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Stock Exchange release

Cargotec secures major port crane orders to Mexico and Philippines

1/12/2012

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 12 JANUARY 2012 AT 1 P.M. (EET)

Cargotec has received two separate orders from one of the world's leading container terminal operators, International Container Services Inc (ICTSI). The orders will see in total four ship-to-shore cranes and 10 rubber tyred gantry (RTGs) cranes delivered to Mexico and eight RTGs cranes to Philippines. The parties have agreed not to disclose the total value of the orders. The orders have been booked during the fourth quarter of 2011.

The order calls for the delivery of four Kalmar Super Post Panamax ship-to-shore cranes and 10 Kalmar E-One2 RTGs cranes to Mexico during first half of 2013. The STS cranes will have an outreach of 63 m, a 30,5 m rail span and their maximum lift capacity will be 65 tonnes under the Bromma twin-lift spreaders. The RTGs cranes will be 6+1 wide and 1-over-6 high with a lift capacity of 41 tonnes. ICTSI's Contecon Manzanillo facility is a new, wholly-owned container terminal under construction on Mexico's Pacific coast, where work has started on a first phase development that will see 450,000 teu of capacity available within two years.

Meanwhile, the eight Kalmar E-One2 RTGs due delivery to MICT during 2012 are part of a planned expansion at the Philippines-based container hub's Berth 6, where capacity is set to grow from the current 1.9 million teu per year to 2.5 million teu. The Berth 6 will begin operations in June 2012. MICT currently accounts for 63% of the container traffic moving through Manila. The RTGs cranes will be 6+1 wide and 1-over-5 high with a lift capacity of 41 tonnes. ICTSI expects the RTGs to cut fuel costs by at least 20 percent.

"These contracts reflect the growing relationship between ICTSI and Cargotec," said Björn Jonasson, Sales Director, APAC from Cargotec. "They represent a clear endorsement of the reliability of the Kalmar container handling equipment we have supplied to date, and show that fuel efficiency and timely delivery are very important to our customers who operate various terminals globally."

ICTSI, whose 22 terminals in 17 countries handled almost 2.5 million teu in container traffic in the first half of 2011, is a longstanding Cargotec customer for container handling equipment. As well as operating Kalmar RTGs at the Baltic Container Terminal, Poland, the port operator uses Kalmar mobile container handling equipment at various locations as part of its terminal activities worldwide.

Further information for the press:
Dan House, Managing Director, Latin America, tel. +1 786 388 8000
Björn Jonasson, Sales Director, Terminal Business APAC, tel: + 85 2 2944 8383
Anne Westersund, Vice President Communications and Marketing, tel: + 358 20 777 4460

Further information for investors:
Paula Liimatta, Director, Investor Relations, 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