KONECRANES RECEIVES IMPORTANT INDUSTRIAL CRANE ORDER FROM INDIA

During the first quarter of 2012 Konecranes received an approximately EUR 9 million order for 21 heavy duty industrial cranes from steel manufacturer JSW Steel Ltd in India. This order is one of the biggest single orders in terms of number of cranes and value to be supplied by Konecranes to the Indian crane industry. The cranes will be delivered to JSW Steel’s Torranagallu plant by the end of 2012.

JSW Steel is the largest private sector steel manufacturer in terms of installed capacity and is the flagship company of Indian JSW Group. The JSW Group is present in several sectors: steel, energy, minerals, port & infrastructure, cement and aluminum. Konecranes’ Indian company WMI Konecranes India Ltd has been JSW Steel’s preferred crane supplier right from the inception of their plant.

“JSW Steel is one of our biggest and most prestigious customers,” says Saeesh Nevrekar, Vice President of WMI Konecranes India Ltd. “This recent order is a positive acknowledgement to our quality products and a proof of a satisfied customer.”

The ordered cranes will be used in coil handling in the cold rolling mill in JSW Steel’s plant at Torranagallu, Karnataka. The fully automated cranes will be integrated into the plant’s state-of-the-art, automated coil yard management system. The lifting capacity of the cranes ranges from 15-60 tons.

WMI Konecranes has supplied more than 4,000 cranes to date and is the crane market leader in the Indian steel industry.

Further information:
Press:
Marko Tulokas, Vice President, Head of Business Line Crane Solutions
E-mail: marko.tulokas@konecranes.com or phone +358 20 427 2169

Investors and Analysts:
Miikka Kinnunen, Director, Investor Relations
E-mail: 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 2011, Group sales totaled EUR 1,896 million. The Group has 11,700 employees, at 609 locations in 47 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V).