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Stock Exchange Release

Cargotec Receives Straddle Carrier Order from South Africa


1/24/2006 11:00 AM|

Stock Exchange Release, January 24, 2006 at 11:00 a.m.

Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 25 straddle carriers from Transnet Limited t/a South African Port Operations (SAPO). The straddle carrier deliveries to Durban port will start in late summer 2006.

The Durban port handles over 60 percent of container traffic to and from South Africa and is the busiest port on the African continent. At present, Durban port handles approximately 1.8 million TEU (TEU stands for 20 ft container) targeting a capacity of 2.4 million TEU by 2007. To achieve this target SAPO is renewing its container handling equipment and will standardize its fleet to Kalmar equipment over time. The current order is continuation to an August order for 53 straddle carriers.

Unit prices for straddle carriers vary between EUR 700,000 - 900,000.

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 (0)204 55 4776
Eeva Mäkelä, SVP IR and Communications, tel. +358 (0)204 55 4281

Cargotec Corporation is the world's leading provider of cargo-handling solutions whose solutions are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec Group's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The Group employs some 7,500 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.

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