KONECRANES OUTSOURCES TERMINAL OPERATIONS IN HYVINKÄÄ

Konecranes outsources terminal operations in Hyvinkää

At the end of October 2009 Konecranes signed a contract to outsource its
terminal operations in Hyvinkää, Finland, to Finnish company HUB Logistics
Packaging Oy. Konecranes' terminal operations include the reception of goods,
packaging and dispatch functions. The outsourcing decision affects 20
Konecranes employees within these functions. All employees will be transferred
to HUB Logistics Packaging Oy retaining their existing employee status. The
changes will be effective as of November 9, 2009. 

The reasons for outsourcing the terminal operations functions are to achieve
increased productivity and flexibility and to obtain additional cost savings. 

“Outsourcing terminal operations supports Konecranes' strategy of focusing on
its core business: improving our customers' productivity and profitability by
providing lifting equipment and services with unrivalled reliability and
quality,” says Juha Anttila, Director of Supply Operations in Business Area
Heavy Lifting. “While in our supply operations we want to focus on further
developing our supply chain and own manufacturing, at the same time we want to
have a specialized partner, whose core business focus is on running and
developing terminal operations. As these operations are of vital importance for
us, we want to have a dedicated specialist to take care of both these needed
tasks.” 

The outsourcing action is included in the estimates announced in the second
quarter interim report 2009 i.e. an annual cost saving target of 100 MEUR in
2010 compared to 2008. 

HUB Logistics is a forerunner in logistics in Finland, offering flexible,
customized logistics services. HUB Logistics' service offering includes the
entire logistics process from managing and developing activities to financing
working capital. Until now Konecranes has bought packages and packaging
services and hired personnel from HUB Logistics. 

Further information: 
Media
Juha Anttila, Director, Supply Operations, Heavy Lifting 
e-mail: juha.anttila@konecranes.com or phone: +358 20 427 2200

Investors and analysts
Mikael Wegmüller, Director, Marketing and Communications 
Email: mikael.wegmuller@konecranes.com or phone +358 20 427 2008

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