KONECRANES RECEIVES MAJOR REPEAT ORDER FOR PROCESS CRANES FROM RUSSIA


Konecranes receives major repeat order for process cranes from Russia

Konecranes has in April 2008 received an order for 19 electric overhead
traveling cranes from Russian steel mill OAO Vyksunskij Metallurgitseskij Zavod
in the city of Vyksa, about 300 km east of Moscow. Deliveries will begin in the
end of 2008, and will be completed by October 2009. The value of the order is
not disclosed. 

OAO Vyksunskij Metallurgitseskij Zavod is one of Russia's oldest steel mills
and a major producer of welded pipes for oil and gas production, transport,
construction and the housing and utility sectors. The works in Vyksa has a
production capacity of 2 million tons of pipes annually. The works are now
being expanded, creating a need for new lifting equipment. 

The pipes are made from sheet steel. The cranes ordered will be used in
different stages of the process of producing 5 meter wide steel plates and
sheets for the pipes. Some of the cranes will be equipped with large
electromagnets instead of hooks, for moving the steel sheets along in the
process. The cranes have lifting capacities ranging from five to 170 metric
tons, depending on their usage. 

“This is a follow-up to a crane order from OAO Vyksunskij Metallurgitseskij
Zavod in December last year,” says Seppo Hoppu, Director, East Europe. “It
further strengthens our position as a reliable supplier to the Russian steel
industry.” 

Further information:
Press
Seppo Hoppu, Director, East Europe
E-mail: seppo.hoppu@konecranes.com or phone +358 20 427 4100

Financial Media and Analysts
Paul Lönnfors, Investor Relations Manager
E-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050

This press release and a downloadable picture are available at our website
www.konecranes.com 

Caption:
”The process cranes that Konecranes supplies to Russia are similar to the one
in the picture.” 

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 8,800
employees, in more than 470 locations in 43 countries. Konecranes is listed on
the OMX Noridc Exchange Helsinki (symbol: KCR1V).

Attachments

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