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2015-05-21

Cargotec Corporation: Kalmar to deliver turnkey heightening of three ship-to-shore cranes for DP World Antwerp

CARGOTEC CORPORATION, PRESS RELEASE, 21 MAY 2015 AT 10 AM (EEST)

Kalmar, part of Cargotec, has been awarded the contract to heighten three
Kalmar ship-to-shore (STS) cranes operated by DP World Antwerp Gateway NV.
The order was signed into Cargotec's first quarter of 2015 order intake, with
the completion of the project scheduled to take place in the first quarter of
2016.

Kalmar will be responsible for the turnkey project, including planning and
engineering, the execution of the heightening, and commissioning. The cranes,
which have been operational since 2005, are to be heightened by six metres to
accommodate larger vessels entering the port. This is in anticipation of
significant growth in container movements.

Rob Harrison
, CEO of DP World Antwerp Gateway: "'Today's challenges in the port industry
evolve around capacity and more and more upon capability. We at DP World
Antwerp Gateway are confident in Kalmar being able to deliver this project
and allowing us to meet these needs in a practical and effective manner.
Ultimately collectively serving the demands of our shipping line customers."

Jelle van der Waal
, Director Crane Upgrades in Kalmar EMEA North said, "Quality and operational
efficiency are high on our agenda. With professional planning and execution
of an upgrade project, disruption on the terminal's operational efficiency
during the project can be minimised." He continues: "DP World is naturally a
very important and long-standing customer to Kalmar. They are a progressive,
forward-thinking organisation and totally focused on improving the efficiency
of their container handling operations. I am delighted to work with them
again."

The highly specialist operation will be achieved by inserting leg extensions
underneath the portal beams in the existing flange junctions. The project
will also include the installation of consequential structural reinforcements
in crane travel and trolley travel direction. The heightening of the crane
structure is achieved by means of jacking towers and hydraulic jacks,
including all bracings for horizontal forces to ensure optimum safety during
the process.

Further information for the press:

Jelle van der Waal, Director Crane Upgrades in Kalmar EMEA North, tel. +31 10
294 6666

Maija Eklöf, Vice President, Communications, Kalmar, tel. +358 20 777
4096,maija.eklof@kalmarglobal.com

Kalmar offers the widest range of cargo handling solutions and services to
ports, terminals, distribution centres and to heavy industry. Kalmar is the
industry forerunner in terminal automation and in energy efficient container
handling, with one in four container movements around the globe being handled
by a Kalmar solution. Through its extensive product portfolio, global service
network and ability to enable a seamless integration of different terminal
processes, Kalmar improves the efficiency of every move.www.kalmarglobal.com

Kalmar is part of Cargotec. Cargotec's sales totalled 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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