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 8th 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, email@example.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