Cargotec receives a significant port crane order from Colombia

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 14 JANUARY 2011 AT 10.00 EET

Cargotec has received a significant order from long-time Colombian customer Sociedad Portuaria Regional de Cartagena for two Kalmar ship-to-shore (STS) cranes and 24 Kalmar rubber-tyred gantry (RTG) cranes. The agreement - worth approximately EUR 40 million - was finalised in the fourth quarter of 2010. Delivery of the equipment will conclude in the second quarter of 2012.

These will be the first Kalmar STS cranes and Kalmar Zero Emission E-One2 RTGs operating in South America. The efficient equipment will help the customer meet the rising volume of containers at its terminals at the Port of Cartagena.

"Sociedad Portuaria Regional de Cartagena is a leading South American terminal operator currently operating with one of the largest Kalmar RTG fleets globally. This provided further reassurance that Cargotec would deliver the same high level of performance and technology with its Kalmar STS cranes. The order is a great milestone for Cargotec's growing business in South America," says Dan House, Managing Director, Latin America.

The customer's commitment to the environment is evident with its order for two Kalmar Super Post Panamax STS cranes which feature optimised hoisting speeds requiring minimal energy consumption. Furthermore, its 24 Kalmar E-One2 Zero Emission RTG cranes will receive electrical energy from an automated busbar connection.

Named Best Port of the Caribbean five times by the Caribbean Shipping Association, the port of Cartagena is currently expanding its capacity to accommodate an annual throughput of 4.5 million TEU (twenty-foot equivalent).

For further information, please contact:

Dan House, Managing Director, Latin America, tel. +1 786 388 8000, dan.house@cargotec.com 

Elizabeth Gibson, Communications Manager, tel. +1 785 214 1223, elizabeth.gibson@cargotec.com

Notes to editors

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 approximately 9,800 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki. www.cargotec.com

Cargotec's expertise in container and heavy load handling is represented in the global marketplace by the wide range of Kalmar solutions. This includes ship-to-shore cranes, yard cranes, shuttle and straddle carriers, reachstackers, empty container handlers, terminal tractors, log stackers, forklifts and automation. One in four container movements around the globe is handled by a Kalmar machine. www.kalmarind.com