Cargotec Receives Significant Straddle Carrier Order from South Africa

8/31/2005 9:45 AM|

August 31, 2005

Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 53 straddle carriers from Transnet Limited t/a South African Port Operations (SAPO). The straddle carriers will be delivered to the ports of Durban, Cape Town and Port Elisabeth. The first straddle carriers will be supplied in November 2005 and the deliveries will continue into mid-2006. The value of the order is approximately MEUR 37.

The order extends the relationship of Kalmar and SAPO. SAPO aims to increase the capacity of all the three ports to respond to growing demand. The Durban port handles over 60 percent of the container traffic to and from South Africa. It is the busiest port in the African continent.

Sender:
Cargotec Corporation

Kari Heinistö
Senior Executive Vice President and CFO

Eeva Mäkelä
SVP, Investor Relations and Communications

For further information, please contact:
Christer Granskog, President, Kalmar, tel. +358 400 620 471
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 40 7276 766

Cargotec Corporation is the world's leading provider of cargo-handling solutions for ships, ports, terminals and local distribution. Its three business areas, Kalmar, Hiab and MacGREGOR operate in materials hubs. Net sales of Cargotec were approximately EUR 1.9 billion in 2004. The company has approximately 7,300 employees and operates in over 140 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.

www.cargotec.com