GLOBAL NEWS & EVENTS

Italy's Cosiarma S.p.A. Strong in Fruit Transport and Growing Fast

Belgium (July 13, 2009) - Considered an expert in fruit transport, COSIARMA S.p.A. (previously known as CALA Container Shipping) draws on years of knowledge and support from parent company GF Group to effectively charter seasonal shipping activities and oversee refrigerated cargo commercial movement. The company, located in Genova, was born in late 2007 when the GF Group sold Costa Container Lines S.p.A. to Hamburg Süd, but chose to retain the refrigerated vessel fleet management portion of the business.

Today, COSIARMA manages 1,800 reefers, 2 container vessels of 2,700 TEU (both chartered), and 4 large reefer vessels (double side loaders) with 10,000 pallet capacity, plus 560 TEU on-deck. The majority of the reefers (1,200) and the 4 reefer vessels are used exclusively for the GF Group's Orsero banana/fruit service from Colombia/Costa Rica to Vado. The balance of the company's reefers are used in the Philippine-Far East/Arab Gulf trade where COSIARMA is operating container logistics for commercial cargo onboard the vessels of well-known Italian fruit importers and exporters.

"COSIARMA's fruit terminal in Vado Ligure is very much known in the fruit business and is also used by well-known fruit companies including Del Monte®, Agrexco and Zespri," explained Kay Henze, sales director, Thermo King Global Marine Solutions. "In fact, many of the companies co-load product onto COSIARMA's vessels. Similarly, the company operates a fruit terminal in Fruport Tarragona and will soon build a new terminal in Séte, France."

Due to wide acceptance and popularity of Thermo King's MAGNUM® reefer among customers and leasing companies, COSIARMA chose to add 450 of them to its fleet of units in 2008 by both leasing and direct purchasing. "The energy saving performance, ease of use and reliability were all reasons we requested the MAGNUM reefer," explained Manlio Ginocchio, director of logistics. "The fast and powerful pull-down of the reefer is extremely helpful with the banana cargos, which are usually loaded hot."

The MAGNUM reefer has been proven to pull down temperatures faster, saving in overall power consumption. This translates into less fuel burned and less carbon dioxide emitted into the atmosphere - a savings to shippers' bottom lines and to the environment.

"COSIARMA is a true expert in fruit transport, understanding fully that it takes quality containers and reefers to protect the cargo," said Henze. "That various other fruit importers and exporters work closely with COSIARMA in sea transport to Europe is perhaps the best testament to the company's knowledge base."

Headquartered in Albenga (Savona, Italy), the GF Group is an international group with operations in fruit and vegetables production, import/export and distribution, port terminals, sea and land transport, real estate and services.

Thermo King is the global leader in solutions for temperature-controlled transport, supplying the world market from 11 production facilities and over 800 distributors world-wide. The company offers a wide range of refrigeration and heating units for vehicles of all sizes, from small vans to large trailers, as well as airborne and ocean-going containers. In addition Thermo King provides heating, ventilation and air-conditioning equipment for passenger buses and railcars.

Thermo King also offers service maintenance programmes and finance solutions, as well as a range of accessories, temperature monitoring, and tracking equipment. For more information on Thermo King's products and services please visit www.thermoking.com.

Thermo King is a business unit of leading diversified industrial company Ingersoll Rand, a global provider of products, services, and integrated solutions to industries as diverse as transportation, manufacturing, construction and agriculture. Further information on Ingersoll Rand can be found on the company's website at www.irco.com.


Thermo King Corporation, a business unit of diversified industrial firm Ingersoll Rand Company Limited, was founded in 1938 and manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. The company operates 10 manufacturing facilities and 17 parts distribution centers worldwide. Sales and service is provided by a global dealer network of 865 independently owned companies in 75 countries.


Contact:
Pietro Sonza Reorda, Thermo King Corporation
32450 204352
Pietro Sonza Reorda

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