Cargotec - Company Announcement

Cargotec's Kalmar wins its largest ever crane upgrade contract

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 MAY 2016 AT 2 PM (EEST)


Kalmar, part of Cargotec, has been awarded the contract to upgrade seven ship-
to-shore (STS) cranes at the Port of Tanjung Pelepas (PTP) in Malaysia. With a
value of more than EUR 20 million, the order is the largest crane upgrade
project to date globally for Kalmar. Site work is scheduled to commence in the
third quarter of 2016.

Malaysia's most advanced container terminal, PTP is located on the Straits of
Malacca, the busiest shipping lane in the world, and has excellent road, rail
and air connections. The terminal had an annual capacity of 9.1 million TEU in
2015. PTP is equipped with 57 super post-panamax cranes, and a substantial fleet
of Kalmar equipment, including empty container handlers, terminal tractors and
reachstackers, as well as the Navis terminal operating system (TOS). The upgrade
project involves increasing the safe working load of the seven STS cranes,
originally supplied by IMPSA, from 50 to 61 tonnes, modernising the cranes'
control and electrical systems, as well as introducing a wide range of other
safety and capability enhancements. PTP is part of the MMC Ports group,
currently the 8(th) largest port operator in the world by container volume.

Collin Swee, Key Account Manager for MMC Ports at Kalmar, says: "We're very
pleased to have signed this large order with PTP, which is our biggest contract
to date for crane upgrades. Upgrading the handling capabilities and safety
features of existing cranes is a cost-effective solution for forward-thinking
terminals that are seeking to maximise their capability with existing equipment.
We're proud of our strong track record working with customers all around the
world on complex projects such as these, and are delighted that PTP has chosen
Kalmar to help them realize their goals for future capability."

The project will be based in the Crane Upgrade competence centre at Port Klang
who conduct crane upgrade projects throughout Asia Pacific for Kalmar's
customers.



Further information for the press:

Anthony Lee, Project Director, Kalmar APAC, tel. +61 407456203

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 (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




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