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Trade press release

2008-12-19 Piraeus Port Authority orders ten more Kalmar straddle carriers

12/19/2008

Cargotec Kalmar business area has been awarded a contract to supply ten straddle carriers to Piraeus Port Authority in Greece for its new Pier I terminal. Five EDRIVE ESC350 and five CSC350 machines will be delivered during the first half of 2009.

Ilkka Annala, Vice President, Straddle Carriers, Kalmar Industries said: “This order further enhances Kalmar long-standing relationship with Piraeus Port Authority, which began in 1992. It will bring the total number of Kalmar straddle carriers at the port up to 58. Piraeus also operates a fleet of 25 Kalmar terminal tractors and ten Kalmar empty container handlers.

Kalmar straddle carriers service fourteen ship-to-shore cranes mainly in three shifts. The excellent availability of these straddle carriers has been proven by the customer who has recorded 4500 annual operating hours for the 18 CSC350 machines delivered three years ago, Annala continued.

Kalmar EDRIVE ESC350 and CSC350 straddle carriers can stack containers up to three high. The five EDRIVE ESC350 machines feature electrically controlled engines, which lower exhaust emissions and reduce fuel consumption.

Piraeus is the largest port in Greece and one of the largest in the Mediterranean. The port is the hub connecting continental Greece with the islands. Its tide-free container terminal is the largest in the eastern Mediterranean and the new terminal will offer a maximum berth depth of 18m. The existing terminal handles approximately 1.5 million TEU annually.

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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's 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 cooperation with customers and partners.

Kalmar's 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's net sales were EUR 1.343 billion in 2007.
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. Cargotec sales exceed EUR 3 billion and the company employs approximately 12,000 people. Cargotec class B shares are quoted on the NASDAQ OMX Helsinki.

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