| Thu 3 Apr 2008, 10:14 | | TRE / MOB - Trencor / Mobile Industries - Trencor`s textainer reports |
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MOB TRE
MOB TRE
TRE / MOB - Trencor / Mobile Industries - Trencor`s textainer reports
refrigerated container ("REEFER") market update
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
TRENCOR`S TEXTAINER REPORTS REFRIGERATED CONTAINER ("REEFER") MARKET UPDATE
We draw attention to the following news release issued by Textainer Group
Holdings Limited, in which Trencor has a 62,6% beneficial interest:
"Hamilton, Bermuda - April 2, 2008. Textainer Group Holdings Limited (NYSE:
TGH) ("Textainer" or the "Company"), the world`s largest lessor of intermodal
containers based on fleet size, today reported that 770 units out of the 800
reefer containers, initially purchased in January 2008, have been committed to
leases with various shipping lines.
Textainer is pleased to announce that its first reefer container transaction has
been completed with Mitsui O.S.K. Lines (MOL). MOL is the world`s 11th largest
container vessel operator and has committed to lease 300 40` High Cube reefers.
As a result of this early success, Textainer has ordered an additional 1 000 40`
High Cube reefers for delivery in May and June of 2008. The reefer machinery
will be supplied by Carrier, Daiken and Thermo King.
"We have now placed 95% of our original order, and are very pleased at our
customers` support of our re-entry into the reefer market", commented John A.
Maccarone, President and CEO of Textainer.
He continued, "Textainer expected a fairly modest capital expenditure (CAPEX) of
$30 million for reefers in 2008. Based on our initial success with the first
units produced, and the recent new order, we may exceed that goal for the year."
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.
Contact: Textainer Group Holdings Limited
Mr Tom Gallo
Corporate Compliance Officer
415-658-8227
ir@textainer.com"
Cape Town
3 April 2008
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
www.mobile-industries.net
www.textainer.com
Date: 03/04/2008 10:14:14 Produced by the JSE SENS Department.
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