KONECRANES PLC STOCK EXCHANGE RELEASE October 24, 2016 at 16:30
Konecranes has received a Notice of Intent to Award Contracts (the Award) from the Virginia Port Authority in the USA. The Award covers the provision of 86 Automated Stacking Cranes. Deliveries are scheduled in phases for 2018-2020. The value of the contracts will exceed EUR 200 million. This will be the largest deal in the history of Konecranes.
The Virginia Port Authority (VPA) has notified Konecranes of its intention to award two separate contracts to Konecranes upon approval by the VPA Board of Commissioners at its November 15, 2016 meeting, and upon coming to agreement with Konecranes on the final contract terms. The first contract shall be for the procurement of 60 Automated Stacking Cranes for Norfolk International Terminals (NIT). VPA also intends to award a second contract for the procurement of 26 Automated Stacking Cranes for Virginia International Gateway (VIG).
KONECRANES PLC
Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Press
Tuomas Saastamoinen, Director, Sales & Marketing, Port Cranes, Konecranes
Email: tuomas.saastamoinen@konecranes.com or phone: +358 20 427 2662
Investors and analysts
Miikka Kinnunen, Director, Investor Relations, Konecranes
Email: miikka.kinnunen@konecranes.com or phone +358 20 427 2050
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 2015, Group sales totaled EUR 2,126 million. The Group has 11,400 employees at 600 locations in 48 countries. Konecranes is listed on Nasdaq Helsinki (symbol: KCR1V).
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Nasdaq Helsinki
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www.konecranes.com