| Mon 7 Jan 2008, 8:00 | | TRE/MOB - Trencor / Mobile - Trencor`s Textainer re-enters refrigerated |
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MOB TRE
MOB TRE
TRE/MOB - Trencor / Mobile - Trencor`s Textainer re-enters refrigerated
container market
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
Registration No 1968/014997/06)
Share Code: MOB
ISIN: ZAE000091435
("Mobile")
TRENCOR`S TEXTAINER RE-ENTERS REFRIGERATED CONTAINER MARKET
We draw attention to the following news release issued by Textainer Group
Holdings Limited, in which Trencor has a 62,6% beneficiary interest:
"Hamilton, Bermuda, Textainer Group Holdings Limited (NYSE: TGH) ("Textainer" or
the "Company"), the world`s largest lessor of intermodal containers based on
fleet size, has reported that it has re-entered the refrigerated container
market segment. Textainer has ordered 800 40-foot High Cube reefers with Carrier
and Daikin machinery for delivery in January 2008.
"We have analyzed the reefer market frequently since exiting this segment in the
1990`s, but until now, decided not to buy new refrigerated containers," said
John A. Maccarone, President and CEO of Textainer.
"Due to attractive prices for new reefer containers, and the anticipation that
our customers may choose to lease a larger percentage of their total reefer
requirements, we feel this is the right time to re-enter the market. We feel
that we can place at least $30 million worth of reefers into attractive long-
term leases in 2008, which would increase our capital expenditure by about 10%
above our original budget. We already have sales/marketing and
operations/technical expertise in-house and reefers are leased by our existing
customer base which is supported by our current sales team. Therefore, the
incremental overhead costs to Textainer are almost zero." he added.
IMPORTANT CAUTIONARY INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of
U.S. securities laws. Forward-looking statements include statements that are not
statements of historical facts, and include statements concerning the Company`s
desire and ability to increase the size of its owned container fleet. Readers
are cautioned that these forward-looking statements involve risks and
uncertainties, are only predictions and may differ materially from actual future
events or results.
The Company`s views, estimates, plans and outlook as described within this
document may change subsequent to the release of this statement. The Company is
under no obligation to modify or update any or all of the statements it has made
herein despite any subsequent changes the Company may make in its views,
estimates, plans or outlook for the future.
Textainer Group Holdings Limited
Mr. Tom Gallo, 415-658-8227
Corporate Compliance Officer
ir@textainer.com"
Cape Town
7 January 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
www.mobile-industries.net
www.textainer.com
Date: 07/01/2008 08:00:02 Produced by the JSE SENS Department.
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