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Stock Exchange Release

Cargotec's Kalmar gains another large port equipment order from Venezuela

3/25/2013

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 25 MARCH 2013 AT 1:00 P.M. (EET)

Cargotec's Kalmar has secured a large order for 15 Kalmar E-One² rubber-tyred gantry (RTG) cranes from Bolivariana de Puertos (Bolipuertos), S.A through construction contractor Teixeira Duarte, part of the consortium Consorcio TD-Mota-Proyecto Puerto de la Guaira, in Venezuela. The deal follows an order for Kalmar port equipment received earlier in March from Bolipuertos.

The equipment of this latest order is destined to be delivered to Bolipuerto's La Guaira location during the first half of 2014. The value of the order is approximately EUR 20 million.

Ingo Erhardt, Vice President, Head of South America at Kalmar said: "This is another important order for Kalmar in Venezuela within a short period of time. I am very proud of the trusted relationship we have built with our customers and the continued success we have delivered in the market throughout the years. In 2012 we invited key people from Bolipuertos to visit various terminals in Brazil where Kalmar equipment was in operation. Our customer had the opportunity to conduct a thorough comparison and concluded that Kalmar RTGs provided the best solution to meet their operational needs."

Purchased along with an extensive stock of spare parts, the 41-tonne capacity RTG cranes have a lift height of 1 over 5 and a span of 6 + 1 for excellent productivity. The order includes also Kalmar SmartPort process automation solution SmartRail providing automated gantry steering for rubber tyred gantry cranes, and SmartFleet, which helps maintenance operations to more effectively support terminal equipment. Kalmar will also be conducting specialist training for the customer's operators and maintenance personnel.

Further information for the press
Ingo Erhardt, Vice President, Head of South America, Kalmar, tel. +1 305 439 7876
Maija Eklöf, Vice President, Communications, Kalmar, tel. +358 20 777 4096, maija.eklof@cargotec.com 

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 brands MacGregor, Kalmar and Hiab 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 3.3 billion in 2012 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com