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KONECRANES EXTENDED ITS FACTORY IN LINGANG, CHINA

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Konecranes extended its factory in Lingang, China

On October 25, 2010, an opening ceremony was held to celebrate the extension of
Konecranes' factory in Lingang New City, Shanghai, China. Through the extension
the production area has been doubled and the target is to increase the number
of lift trucks produced in the factory. Another important target has been to
increase safety and efficiency in assembly. 

Konecranes opened the factory in Lingang in 2007. Currently the factory
assembles empty container handlers, reach stackers and heavy forklift trucks.
In the beginning the products were sold to Chinese customers, today lift trucks
from the Shanghai factory are also shipped to customers all over the world. 

The ceremony was attended by distinguished guests from the local authorities of
Lingang New City; Matti Heimonen, the Consul General of Finland; Pekka
Lundmark, President and CEO of Konecranes Group and Ryan Flynn, Senior Vice
President and Head of Konecranes region Asia-Pacific. 

In his speech Pekka Lundmark highlighted that the importance of China in
Konecranes' strategy is growing all the time. “Thanks to the improved
conditions and added manufacturing space in Lingang we can now take the
capacity and quality to the next level”, Lundmark said. 

Konecranes has about 1,600 employees in China, of which 62 work in Lingang.
Konecranes' other production sites in China are in Shanghai (hoists and
cranes), Dalian (port cranes) and in Jingjiang, where crane and hoist
manufacturer Sanma is based. Konecranes acquired the majority of Sanma in 2009.
In addition, Konecranes has sales offices and service locations in about 20
cities in China. 

Additional information:

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes
Email: mikael.wegmuller@konecranes.com or tel. +358 20 427 2008

Investors and analysts:
Miikka Kinnunen, Director, Investor Relations, Konecranes
Email: miikka.kinnunen@konecranes.com, or tel. +358 20 427 2050

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 and services for lifting equipment of every make. In 2009, Group
sales totaled EUR 1,671 million. The Group has 9,800 employees, at 545
locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd.
(symbol: KCR1V).

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