Cargotec's total solution seals Malaysian straddle carrier deal

Cargotec has secured a deal to supply four of its Kalmar ESC340W Straddle Carriers to leading Malaysian port operator - Northport (Malaysia) Bhd. The 40-tonne models are scheduled for delivery to the company's Port Klang site in September 2012. These latest additions form part of a strategy to replace the existing fleet with newer models as the ongoing growth of intra-Asia container traffic demands increased efficiency at terminals in the region. As the national load centre, Northport has over 2400 employees and was responsible for handling approximately 3.3 million TEUs in 2011 alone.

Northport has a longstanding working partnership with Cargotec and boasts an extensive fleet including 26 units of Ship-to-Shore cranes, 62 units of RTG, 37 units of Straddle Carriers, and 153 units of Prime Movers. The company selected these latest Kalmar models based on Cargotec's track record of delivering quality equipment and excellent service. This close co-operation is reinforced by a large five year service agreement in which Cargotec will provide continuous maintenance support on the new straddle carriers.

This new four machine deal follows a contract in which Cargotec was commissioned to refurbish and upgrade eight of Northport's Ship-to-Shore cranes at its Container Terminal Two. Over the last twelve months, Cargotec has converted the older cranes to utilise the latest crane management system software and wireless remote diagnostics tools to ensure faster recovery time, higher uptime, and lower maintenance costs in the future. The majority are fitted with Bromma spreaders. Port Klang also now utilises the Navis terminal operating system.

Kalmar's Edrive® ESC range of Straddle Carriers offers lower operating costs, stronger sideframe for continuous twinlift operation and modular drive system with direct driven wheel hubs. The new W-type front cabin together with Smoothlift(TM) hoist system and rigid frame ensures excellent visibility and driver comfort which makes the enhanced Edrive® the ultimate machine for the operator.

For further information, please contact:

Collin Swee, Managing Director, Cargotec Terminal Solutions (Malaysia) Sdn. Bhd., tel. +60 123 181 110

Maija Eklöf, Director, Communications and Marketing, Terminals, tel. +358 20 777 4096, maija.eklof@cargotec.com

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor 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 3.1 billion in 2011 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com