Kalmar plans to consolidate its European assembly operations to Poland and invest in a Business, Innovation and Technology Centre in Sweden

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 17 MARCH 2016 AT 11:00 AM (EET)


Kalmar, part of Cargotec, plans to consolidate its assembly operations in Europe. In order to improve operational efficiency and ensure long term competitiveness in the global markets, Kalmar plans to transfer the production of forklift trucks from Sweden to Poland, invest in new, state of the art premises in Sweden and transform the operations in Southern Sweden into a Business, Innovation and Technology Centre.

The new Business, Innovation and Technology Centre in Ljungby, Sweden would focus on strengthening Kalmar's expertise in digital business development, research and development, prototype production and testing of mobile equipment. Additionally, Kalmar is planning to launch a digital business development program in collaboration with Linneaus University in Southern Sweden.

According to the plans, the forklift truck production that is currently located in Lidhult, Sweden would be transferred to Kalmar's assembly operations in Stargard, Poland. The transfer would take approximately two years and lead to the gradual closing of the operations in Lidhult. To implement the plans, Kalmar begins negotiations with the labour unions. Approximately 190 employees in Sweden would be affected by the change, and Kalmar will provide them support in competence development and assistance in finding new job opportunities.

"We recognise that this is a difficult time for people in Lidhult. However, we must make sure that we continue to sustain our global leadership position also in the future. We are expecting to gain synergies and strengthen Kalmar's competitiveness in the global markets with a more cost competitive production setup. At the same time, we will invest in the future by boosting our technological competences to speed up our digital journey," says Dan Pettersson, Senior Vice President, Mobile Equipment, Kalmar.

"We have a strong heritage in Småland, Sweden. The new Business, Innovation and Technology Centre would create new business and job opportunities especially in the area of digitalisation. In Poland, our plan is to expand the operations at Stargard which would create 200 new jobs in the region," he continues.

Kalmar employs currently approximately 350 people in Lidhult and Ljungby, Sweden, and approximately 320 people in Poland.

Further information for the press:

Dan Pettersson, Senior Vice President, Mobile Equipment, Kalmar, tel. +46 37 237 8062 dan.pettersson@kalmarglobal.com

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

Further information for investors:

Paula Liimatta, IR Director, Cargotec Corporation, tel. +358 20 777 4084

Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products and services that ensure our customers a continuous, reliable and sustainable performance. Cargotec's sales in 2015 totalled approximately EUR 3.7 billion and it employs almost 11,000 people. www.cargotec.com