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2015-10-08

Cargotec Corporation: Cargotec's Kalmar receives significant port equipment order of 23 RTG cranes and 79 terminal tractors from Colombia

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 8 OCTOBER 2015 AT 9 AM (EEST)

Cargotec's Kalmar receives significant port equipment order of 23 RTG cranes
and 79 terminal tractors from Colombia

Kalmar, part of Cargotec, has won a significant order from its long standing
customers Sociedad Portuaria Region de Cartagena S.A. (SPRC) and Terminal de
Contenedores de Cartagena S.A. (Contecar) in Cartagena, Colombia. Both
terminals are owned and managed by Port of Cartagena Group. The order
includes a total of 23 rubber-tyred gantry cranes (RTGs) and 79 Kalmar Ottawa
T2 terminal tractors. Kalmar will deliver five RTGs and 9 terminal tractors
to SPRC and 18 RTGs and 70 terminal tractors to Contecar. The total value of
the order is approximately EUR 45 million, and the order has been booked into
Cargotec's 2015 third quarter order intake. The deliveries will take place
between July and December 2016.

SPRC and Contecar have a long partnership with Kalmar, with an existing fleet
of two ship-to-shore cranes, 49 Kalmar E-One2RTGs, 92 terminal tractors, 22
reachstackers and two lift trucks in operation at their terminals. The latest
order is part of SPRC and Contecar's master expansion plan, in keeping with
their growing throughput and further enhancing their position as the leading
terminals in the Caribbean region. From their current volumes of 1,400,000
and 3,200,000 TEUs annually, the terminals are anticipating a rapid growth of
5 to 7% at SPRC and 8 to 11% at Contecar over the next five years.
Eduardo Bustamante
, Operations Manager at SPRC and Contecar commented; "Our relationship with
Kalmar dates back to 1997. With a proven record of true partnership and an
order of this scale, there was no one else we would rely on. Our main
challenge over the next few years is how to manage the rapid growth while
remaining focused on serving our customers during the transitions resulting
from growth. Kalmar has support us as a reliable partner consistently
delivering value through quality products and support. We expect to continue
to achieve improved levels of productivity at lower operating costs with
Kalmar equipment. We are also considering partially automating our RTG
operations, so Kalmar, being the leader in this field, was a natural choice
for us."

Kalmar is providing SPRC and Contecar a specially designed battery powered
electrical air conditioning system for terminal tractors to improve the
operator environment and reduce the impact on the environment with lower
emissions and reduced noise. The expected saving in fuel costs is 30%. The
terminals will also implement Kalmar SmartPath tracking system on the new
terminal tractors after delivery. Kalmar SmartPath improves efficiency by
using location-based job assignments. Equipment is automatically assigned to
the closest job, which reduces driving distances and fuel consumption, and
speeds up the operations.

Dan House
, Managing Director, Latin America, said: "SPRC operates with one of the
largest Kalmar RTG fleets globally and this agreement further demonstrates
the importance of long-term partnerships where continuous support remains
paramount in maintaining efficient terminal operations. The RTG cranes will
come prepared for future remote control and semi-automation features, which
will be added in the near future. We are also delighted that SPRC and
Contecar chose the new generation Kalmar Ottawa T2 terminal tractor, which
was introduced to the market last year. This is the largest single order for
T2 in South America."

Further information for the press:

Dan House, Managing Director, Latin America, Kalmar, tel. +19085008843

Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel.
+358207774096,maija.eklof@kalmarglobal.com

Further information for investors
:

Paula Liimatta, Director Investor Relations, tel. +358 20 777 4084

Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totaled approximately EUR 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV.www.cargotec.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

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