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Pekka Vauramo (50) is to assume the role of President of Kalmar Industries on 1 October 2007 following the retirement of present incumbent Christer Granskog (59). Mr Vauramo is currently President of the global Underground Hard Rock Mining segment at Sandvik Mining and Construction, and Managing Director of Sandvik Mining and Construction Oy in Finland. Mr Granskog will leave Kalmar by the end of 2007 after overseeing a smooth transition.

Commenting on the appointment, Mikael Mäkinen, President of Kalmar parent company Cargotec, said:

Today Kalmar has been built under Christer Granskog time. Kalmar has been successfully transformed from a manufacturing company into a global customer and services oriented company with a strong assembly set-up. Through several acquisitions Kalmar has developed into a unified global business. I would like to thank Christer for his accomplishments and wish him all the best for the future.

I am extremely pleased to announce Pekka Vauramo as Christer successor. Pekka has a strong track record within Sandvik of growing a global business profitably. Many of the challenges in the global scale and customer needs are similar to what we want to further develop within Kalmar. I am confident Pekka experience and skills will contribute markedly as we continue to build Kalmar into the undisputed market leader providing the most productive solutions in order to help our customers respond to the increasing demands on cargo handling speed and efficiency.

Mr Vauramo, M Sc (Mining), has worked in various positions at Sandvik Mining and Construction (formerly Tamrock) since 1985 in Finland, the Far East and North America.

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Kalmar is a global provider of container and heavy duty materials handling equipment, automation applications and related services. It is the world leading supplier of cargo handling equipment to ports, terminals and intermodal facilities.

Every fourth container or trailer transfer at terminals around the world is handled by a Kalmar machine. The company also supplies a wide range of machines to demanding industrial customers for applications as diverse as handling steel and paper to shunting road trailers at distribution hubs.

Kalmar is also leading the way in port automation applications with its application of unmanned container handling technology, on-board smart features and remote maintenance products developed in co-operation with customers and partners.

Kalmar product range is complemented by a large range of value added services such as maintenance contracts and fleet management. Production plants are situated in Sweden, Finland, the Netherlands, Malaysia, China and the USA. Kalmar net sales were EUR 1.2 billion in 2006.

Kalmar is part of Cargotec Corporation, the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centres, and ships. In 2006 Cargotec net sales were EUR 2.6 billion. Cargotec class B shares are listed on the Helsinki Stock Exchange.
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