Cargotec's Kalmar gains large port equipment order from Venezuela

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 8 MARCH 2013 AT 11.30 A.M. (EET)

Cargotec's Kalmar has secured a large order for port equipment to Venezuela's government-owned port operator Bolivariana de Puertos (Bolipuertos), S.A. The order is one of the largest single port equipment contracts to be delivered to Bolipuertos by Kalmar and reflects the operator's rapid expansion in container and industrial handling applications at its Puerto Cabello and La Guaira locations. The parties have agreed not to disclose the exact value of the order.

The portfolio of equipment, which is scheduled for delivery starting May 2013, includes 30 Kalmar reachstackers, four empty container handlers, eight heavy forklifts, nine light forklifts, seven heavy terminal tractors, 41 medium terminal tractors and one zero emission rubber-tyred gantry crane.

Ingo Erhardt, Vice President, Head of South America at Kalmar commented: "We are delighted that Bolipuertos have again selected Kalmar as their preferred partner with such a large equipment order. Kalmar's dedicated manufacturing centres around the globe are able to respond by fulfilling this extensive order within a short time scale. It also reflects the trusted relationship we have developed over the years through providing innovative technological solutions and excellent service. Last year, for example, we created a dedicated service team, based in Brazil, which can quickly respond to Bolipuertos' machine service needs across their various port and terminal locations."

Venezuelan government is investing in its two main non petroleum export ports Puerto Cabello and La Guaira to respond to the increasing efficiency and capacity demands for cargo handling. Once the Puerto Cabello expansion project is finished, the port will have an annual capacity of 700,000 containers while La Guardia, the country's second largest container port, will handle 600,000 TEUs. Kalmar's container handling equipment will be delivered at both of these ports.

Further information for the press
Ingo Erhardt, Vice President, Head of South America, Kalmar, tel. +1 305 439 7876
Maija Eklöf, Vice President, Communications, Kalmar, tel. +358 20 777 4096, maija.eklof@cargotec.com 

Further information for investors
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com