CARGOTEC CORPORATION, PRESS RELEASE, 16 SEPTEMBER 2015 AT NOON (EEST)
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today.
RCI is a joint venture established in Taicang, Jiangsu Province, China, in 2012 between Cargotec Corporation and Jiangsu Rainbow Heavy Industries. It is responsible for the production of Kalmar rubber-tyred gantry cranes (RTGs) and ship-to-shore cranes (STSs) for global markets.
Kalmar has decided to invest in a new jetty to increase RCI's import and export capacity with shorter shipping time, higher efficiency, and lower logistics costs. In addition, the new jetty will enable fully erect STS crane deliveries from RCI, which supports Kalmar's STS business growth in the Asia-Pacific region.
Dr. Ken Loh, Chairman of RCI and Executive Vice President of Kalmar Asia-Pacific said: "The collaboration between Kalmar and Rainbow Heavy Industries as well as the continuous success of RCI have set a solid foundation for our RTG and STS business expansion. I believe the construction and operation of the new jetty will turn out to be another excellent example of our strong partnership."
The ground breaking ceremony is attended by members of the Board of Cargotec Corporation together with representatives of Rainbow Heavy Industries, RCI, Kalmar, Taicang Runhe Port, as well as guests of Taicang government and local media. The event is hosted by Taicang Runhe Port Company (RHP), a holding subsidiary of RCI.
The new jetty will be 371 metres in length and 12 metres in depth. It will have two berths of 50,000 tons and 5,000 tons capacity, respectively. The construction of Phase 1 is expected to be completed by the end of 2016.
Further information for the press:
Dr. Ken Loh, Executive Vice President, Kalmar Asia-Pacific, tel: +85229429188, firstname.lastname@example.org
Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. +358207774096, email@example.com
Kalmar offers the widest range of cargo handling solutions and services to ports, terminals, distribution centres and to heavy industry. Kalmar is the industry forerunner in terminal automation and in energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution. Through its extensive product portfolio, global service network and ability to enable a seamless integration of different terminal processes, Kalmar improves the efficiency of every move. www.kalmarglobal.com
Kalmar is part of Cargotec. Cargotec's sales totalled 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