CARGOTEC CORPORATION, PRESS RELEASE, 27 JUNE 2019 AT 12 PM (EEST) Kalmar, part of Cargotec, has signed a five-year extension for comprehensive service agreement with large Swedish sawmill belonging to Nordic forestry corporation. The agreement, which includes the provision of Kalmar as well as third-party equipment, operators and maintenance services, was booked in Cargotec's 2019 Q2 order intake and will come into effect at the end of Q3 2019. Under the service agreement, Kalmar will continue having full responsibility for the customer's internal logistics operations, including the transportation of logs, sawn goods and other related products. Kalmar will provide all the necessary equipment, tools, professional resources and data driven analytics through Kalmar Insight Performance Management Software to ensure that the mill can run effectively and efficiently. The agreement also includes fuel for the equipment with a fuel-consumption guarantee to provide improved cost predictability for the customer. Martin Hall, Director, Service Operations, Kalmar North Europe: "Our successful track record at this site is built on highly dedicated efforts of our staff, and commitment to efficiency and operational excellence. Our customers can always rely on our commitment to continuous improvements by deploying state of the art tools and technologies constantly ensuring highest level of performance." Further information for the press: Martin Hall, Director, Service Operations, Kalmar North Europe, martin.hall@kalmarglobal.com Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. +358 20 777 4096, maija.eklof@kalmarglobal.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 (Nasdaq Helsinki: CGCBV) sales in 2018 totalled approximately EUR 3.3 billion and it employs around 12,000 people. www.cargotec.com
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Source: Cargotec Corporation via Globenewswire