Kalmar and Rainbow-Cargotec Industries celebrate the ground breaking of new jetty in Taicang, China
(Thomson Reuters ONE) -
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,
ken.loh(at)kalmarglobal.com
Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel.
+358207774096, maija.eklof(at)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 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
Photo 1. RCI facility, Taicang, China (assembly hall):
http://hugin.info/135578/R/1952380/710134.jpg
Photo 2. RCI facility, Taicang, China (assembly employees):
http://hugin.info/135578/R/1952380/710135.JPG
Photo 3. RCI jetty ground breaking ceremony 16 Sept 2015 :
http://hugin.info/135578/R/1952380/710146.jpg
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
[HUG#1952380]
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