KONECRANES STRENGTHENS ITS POSITION AS SHIPYARD CRANE SUPPLIER IN INDIA

Konecranes strengthens its position as shipyard crane supplier in India 

In May 2010, Konecranes received an order for a single boom shipyard crane from
L&T Shipbuilding, India. The crane will be delivered in spring 2011 to L&T's
new shipyard at Kattupalli near Ennore Port in Chennai. The parties have agreed
not to disclose the value of the order. 

Larsen & Toubro is a USD 9.8 billion technology, engineering and construction
group, with global operations. It is one of the largest and most respected
companies in India's private sector. The company has one shipyard at Hazira in
Gujarat and is building a new one at Kattupalli. L&T Shipbuilding focuses on
the construction of niche vessels such as specialized heavy lift cargo vessels,
CNG carriers, chemical tankers and other role specific vessels. 

“We are convinced that this delivery to L&T will strengthen our position as
crane supplier to other shipyards in India,” says Timo Valkonen, General
Manager, Shipyard Cranes, Konecranes. “There are more than twenty shipyards in
India and the industry is expected to grow further.” 

The ordered single boom shipyard crane has a lifting capacity of 35 tons, and
it will be used in shipyard operations for lifting ship parts and sections. 

Further information:
Press
Timo Valkonen, General Manager, Shipyard Cranes, Konecranes Plc
E-mail: timo.valkonen@konecranes.com or phone +358 20 427 2557

Investors and Analysts:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
E-mail: miikka.kinnunen@konecranes.com or phone +358 20 427 2050

This press release and a downloadable picture are available on our website
www.konecranes.com. 

Caption:
Konecranes supplies a single boom shipyard crane to India.

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 2009, Group sales totaled EUR 1,671 million. The Group has 9,600
employees, at 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V). 

www.konecranes.com