Cargotec's Kalmar wins significant order for Melbourne's new automated container terminal

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 3 SEPTEMBER 2014 AT 1 PM (EEST)

Kalmar, part of Cargotec, has won a significant contract to deliver container handling equipment and related automation technology worth of more than EUR 40 million to Port of Melbourne's new container terminal, operated by Victoria International Container Terminal Ltd (VICTL). The order includes 12 automated stacking cranes and 11 automated shuttle carriers and they will be delivered during 2016.

Kalmar's partnership with VICTL, a consortium comprised of Philippines-based International Container Terminal Services Incorporated (ICTSI) and Australia's Anglo Ports, marks a milestone in Australia's port infrastructure development. Australia has shown the way in port automation and Kalmar has played a key role in introducing innovative automation solutions to the country's leading ports.

The new terminal at Melbourne's Webb Dock will introduce fully automated operations from gate to quayside and deliver an estimated capacity of 350,000 TEU in its first phase. When fully developed, the 35.4 hectare terminal will be able to handle up to 1.4 million TEU annually. Construction of the terminal superstructure and facilities is planned to commence in late 2014.

Christian R. Gonzalez, ICTSI head of the Asia-Pacific region said: "This is a premier project for ICTSI in Australia and the partnership with Kalmar allows us to introduce cutting edge, best-proven automated container handling equipment and technologies to Webb Dock. Kalmar's strong track record in delivering automated terminal solutions in Australia as well as in other parts of the world will help us to put Melbourne amongst the leading ports of the world."

Olli Isotalo, President of Kalmar, said: "We are extremely pleased to have been selected as the main partner in this landmark project. Our proven solutions and experience in port automation will not only ensure superior operating efficiency but also minimal environmental impact in this highly populated area. We are committed to delivering VICTL a high-performing system with best of breed automated port equipment."

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 totalled approximately EUR 3.2 billion and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com