KONECRANES CLOSES FACTORY IN BIRMINGHAM AL, U.S.

Konecranes closes factory in Birmingham AL, U.S. 

Konecranes will close its crane production and assembly facility in Birmingham,
AL, U.S.A. by December 31, 2009. The factory closure affects 18 employees in
crane production and assembly. 

This factory closure is part of Konecranes' previously communicated decision to
restructure its organization and reduce costs, based on a sharp drop in demand
and a low industrial capacity utilization rate. The action is included in the
estimates announced in the second and third quarter interim reports 2009 i.e.
an annual cost saving target of 100 MEUR in 2010 compared to 2008, and
estimated 17-22 MEUR restructuring costs to be booked during 2009. 

The Birmingham facility is a fabrication and assembly plant, producing
industrial cranes for deliveries mainly into the southern areas of the U.S.
Current and future customer orders will be serviced by other Konecranes
facilities in the U.S. 

Further information:
Press
Arto Engbom, Director, Global Supply Operations
e-mail: arto.engbom@konecranes.com or phone +358 427 3030

Investors and analysts
Mikael Wegmüller, director, marketing and communications, Konecranes Plc
E-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2008

U.S. and Canadian inquiries
Scott Gilbey, Vice President Marketing & Communications, Konecranes Region
Americas 
E-mail: scott.gilbey@konecranes.com or phone +1.937.525.5676

This press release is available at our website www.konecranes.com.

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 2008, Group sales totaled EUR 2,103 million. The Group has 9,700
employees, at 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V). 

www.konecranes.com