Cargotec Corporation: Kalmar and Yara to develop world's first fully-digitalized and zero emission cargo solution for Yara Birkeland

CARGOTEC CORPORATION, PRESS RELEASE, 24 MAY 2018 AT 9.00 AM (EEST)

Kalmar, part of Cargotec, and Yara have entered into an agreement in which Kalmar will deliver fully autonomous equipment, software and services for a unique, fully digitalised container handling solution at Yara's Porsgrunn facility in Norway. This means that all the necessary operations related to the world's first autonomous and electric container vessel Yara Birkeland will be conducted in a fully autonomous and cost efficient manner, with zero emissions. The order was booked in Cargotec's 2018 second quarter order intake and delivery is scheduled to be completed during the second quarter of 2020.

"With this agreement, Yara Birkeland is not just the world's first electric and autonomous container vessel; it is the world's first fully digitalised and electric supply chain, with all operations, including loading, unloading and sailing conducted in a fully autonomous manner with zero emissions. Kalmar has the proven equipment and software, and the know-how to integrate their solutions into our supply chain," said Tove Andersen, EVP Production, Yara.

Yara, a world leading mineral fertilizer company that helps feed more than 300 million people worldwide, last year announced a partnership with technology company Kongsberg to build the world's first fully autonomous, battery operated container vessel.

Yara Birkeland will reduce emissions and improve road safety by removing up to 40,000 truck journeys annually in a densely populated area of Norway. The vessel will transport fertilizer from Yara's Porsgrunn plant via inland waterways to the deep-sea ports of Larvik and Brevik, a journey of 31 nautical miles.

Kalmar will provide the autonomous loading and unloading solution for Yara Birkeland, as well as transportation between the fertilizer production facilities and the quay. The Kalmar solution consists of one Kalmar Automated Rail Mounted Gantry Crane (AutoRMG), three Kalmar FastCharge AutoStrads, a FastCharge charging station and related automation and safety systems. The solution will be implemented in phases, with the level of automation gradually increased over time. The end result will be a fully autonomous, mixed-traffic and zero-emission solution in an industrial environment.

Kalmar will also support Yara's operations with a full-scale service contract. The Kalmar Care contract includes full maintenance with parts for Kalmar FastCharge AutoStrads including an availability agreement as well as preventive maintenance for the Kalmar AutoRMG crane. Furthermore, Kalmar personnel will provide operational, automation and software support for the whole solution.

"We are very excited to work with Yara on this unique groundbreaking project. The project involves several firsts for us, including the first fully automated RMG for vessel loading, unloading and container storage management. Furthermore, the Kalmar FastCharge AutoStrads will drive along the public roads in the Porsgrunn industrial park, which is also used by normal road traffic. We are working closely with local authorities and other parties to ensure the safety of passengers and vehicles at all times," said Tero Kokko, Senior Vice President, Automation and Projects, Kalmar.

See the video (https://www.youtube.com/watch?v=Zh9XNHCfCsk&feature=youtu.be)

For further information for the press:

Tero Kokko, Senior Vice President, Automation and Projects, Kalmar, tel. [phone], email: [e-mail]

Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel. [phone], e-mail: [e-mail]

Bjørn Tore Orvik, Finance and Logistics Manager, Yara, tel. [phone], e-mail: [e-mail]

Esben Tuman, Media Relations, Yara, tel. [phone], e-mail: [e-mail]

For further information for the investors:

Pekka Rouhiainen, Investor Relations Manager, tel. [phone]

About Kalmar

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 2017 totalled approximately EUR 3.2 billion and it employs over 11,000 people. www.cargotec.com

About Yara

In collaboration with customers and partners, Yara grows knowledge to responsibly feed the world and protect the planet, to fulfill its vision of a collaborative society, a world without hunger and a planet respected.

Our crop nutrition solutions and precision farming offerings allow farmers to increase yields and improve product quality while reducing environmental impact. Our environmental and industrial solutions improve air quality and reduce emissions, and are key ingredients in the production of a wide range of products. We foster an open culture of diversity and inclusion that promotes the safety and integrity of our employees, contractors, business partners, and society at large.

Founded in 1905 to solve emerging famine in Europe, Yara has a worldwide presence with more than 16,000 employees and operations in over 60 countries. In 2017, Yara reported revenues of USD 11.4 billion. www.yara.com

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Source: Cargotec Corporation via Globenewswire