CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 29 SEPTEMBER 2015 AT 8 AM (EEST)
 

Cargotec's Kalmar signs major further automation contract with VICT in Australia

Kalmar, part of Cargotec, has been awarded a contract to provide eight additional automatic stacking cranes (ASC) and related automation for Victoria International Container Terminal Ltd's (VICT) new terminal in Melbourne, Australia. The terminal is fully owned by the Philippine-based International Container Terminal Services, Inc. (ICTSI). The equipment is scheduled for delivery in the final quarter of 2016.

Kalmar's new delivery will be part of Phase 2 of VICT's automated container terminal project at Webb Dock East. For Phase 1 of the greenfield project, scheduled to be in operation by end-2016, Kalmar is providing 12 ASCs, 11 AutoShuttles, Kalmar Automated Truck Handling, integrated with Kalmar terminal logistic system and the terminal operating system provided by Navis, part of Cargotec.

Olli Isotalo, President of Kalmar, said: "Together, the Kalmar and Navis delivery represents a fully automated turnkey solution for VICT. All the automation system components are configured together to support targeted terminal performance. We are pleased to have received this further order from ICTSI for their terminal which will represent the latest technology in automated container handling."

Christian R. Gonzalez, ICTSI head of the Asia-Pacific region, commented: "This is a premier project for ICTSI and our goal is to deliver a global standard in modern container terminal design, innovation and operations in Australia's premier port. Kalmar's vast experience in delivering automated container handling solutions in Australia as well as in other parts of the world will help us to put VICT amongst the top terminal operations."

VICT's Phase 2 is planned to be operational by December 2017. Fully built, the terminal's annual capacity would be at least 1.4 million TEUs.

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 totaled 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