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2015-09-29

Cargotec Corporation: Cargotec's Kalmar signs major further automation contract with VICT in Australia

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 29 SEPTEMBER 2015 AT 8 AM (EEST)

Cargotec's Kalmar signs major further automation contract with VICT in AustraliaKalmar, part of Cargotec, has been awarded a contract to provide eight
additional automatic stacking cranes (ASC) and related automation for
Victoria International Container Terminal Ltd's (VICT) new terminal in
Melbourne, Australia. The terminal is fully owned by the Philippine-based
International Container Terminal Services, Inc. (ICTSI). The equipment is
scheduled for delivery in the final quarter of 2016.

Kalmar's new delivery will be part of Phase 2 of VICT's automated container
terminal project at Webb Dock East. For Phase 1 of the greenfield project,
scheduled to be in operation by end-2016, Kalmar is providing 12 ASCs, 11
AutoShuttles, Kalmar Automated Truck Handling, integrated with Kalmar
terminal logistic system and the terminal operating system provided by Navis,
part of Cargotec.

Olli Isotalo
, President of Kalmar, said: "Together, the Kalmar and Navis delivery
represents a fully automated turnkey solution for VICT. All the automation
system components are configured together to support targeted terminal
performance. We are pleased to have received this further order from ICTSI
for their terminal which will represent the latest technology in automated
container handling."

Christian R. Gonzalez
, ICTSI head of the Asia-Pacific region, commented: "This is a premier project
for ICTSI and our goal is to deliver a global standard in modern container
terminal design, innovation and operations in Australia's premier port.
Kalmar's vast experience in delivering automated container handling solutions
in Australia as well as in other parts of the world will help us to put VICT
amongst the top terminal operations."

VICT's Phase 2 is planned to be operational by December 2017. Fully built, the
terminal's annual capacity would be at least 1.4 million TEUs.

Further information for the press:

Olli Isotalo, President, Kalmar, tel. +358 204 777 4111

Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. +358
20 777 4096,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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