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2016-05-17

Cargotec Corporation: Kalmar wins order for second turnkey ship-to-shore crane heightening project from DP World Antwerp Gateway NV

CARGOTEC CORPORATION, PRESS RELEASE, 17 MAY 2016 AT 9 AM (EEST)

Kalmar, part of Cargotec, has been awarded the contract to heighten three ZPMC
ship-to-shore (STS) cranes operated by DP World Antwerp Gateway NV. The order
was booked in Cargotec's 2016 first quarter order intake, and the project is
scheduled for completion during the second quarter of 2017.

The order continues Kalmar's long-standing relationship with DP World, a
leading global operator of marine and inland terminals. The Antwerp Gateway
terminal is continuing its expansion in anticipation of significant growth in
container movements and in response to the ever-increasing size of vessels.
Kalmar will be responsible for the planning, engineering and execution of the
heightening as well as commissioning of the project. The three cranes,
operational since 2006, will be heightened by seven meters.

Jef Lambregts
, Technical Manager at DP World Antwerp Gateway: "Kalmar's technical and
project management expertise in this kind of highly specialised project is
second to none. We were extremely happy with the results of the previous
crane-heightening project that we concluded with Kalmar in 2016 and are
confident that this next phase will also be completed smoothly and on
schedule. Upgrading our STS cranes in this way is vital to ensure we remain
competitive and can continue to meet the demands of our shipping line
customers."

Erik Kocken,
Manager, Crane Upgrades Projects at Kalmar: "The professional planning and
execution we provide in this kind of heightening project keeps disruption to
the terminal's operational efficiency to a minimum. Our relationship with DP
World is a long and fruitful one, and I'm extremely pleased that they have
once again chosen Kalmar to support them in their continued drive to improve
the efficiency of their container-handling operations."

The cranes will be heightened by inserting leg extensions underneath the
portal beams and installing bolted flange junctions in the existing welded
crane leg construction. During the operation the cranes are jacked up using
specialised jacking towers and hydraulic jacks. The project will also involve
structural reinforcements in crane travel and trolley travel direction.

Photo caption:
In 2015, Kalmar succeeded with a similar heightening project at DPW Antwerp
Gateway. The Kalmar
Crane Upgrades team
extended three Kalmar STS cranes with 6 meters and accomplished the project
within the agreed timeframe.

Further information for the press:

Erik Kocken, Manager Projects, Kalmar Crane Upgrades, tel. + 31 6 21897043

Maija Eklöf, Vice President, Marketing and 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 (Nasdaq Helsinki: CGCBV) sales in 2015
totalled approximately EUR 3.7 billion and it employs almost 11,000
people.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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