Konecranes wins over EUR 20 million orders from South Korean shipyards

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Konecranes wins over EUR 20 million orders from South Korean shipyards 

Konecranes received orders totaling over EUR 20 million from four South Korean
shipyards in September 2007. Hyundai Samho Heavy Industries Co. Ltd, Samsung
Heavy Industries Co. Ltd, Hanjin Heavy Industries & Construction Co. Ltd and
Daehan Shipbuilding Co. Ltd. ordered the design, project supervision and
components for eight Goliath gantry cranes. Deliveries are scheduled for spring
2008. 

Shipyards are increasing their investments in new and existing facilities in
order to cope with higher construction volumes, and to improve throughput
times. Shipyards also require bigger cranes to handle ever larger ship blocks.
The largest of the cranes ordered has a lifting capacity of 1500 tonnes. The
orders include crane design, project supervision and key components such as
gears and electrical motors. 

“Konecranes' single girder gantry cranes are attractive to shipyards due to
their light weight combined with excellent stiffness," says Veikko Miettinen,
Sales Manager of Shipyard Cranes. 

All four shipyards already use Konecranes' Goliath gantry cranes and are very
satisfied with the performance of Konecranes' products and services. 

The rail span of a Goliath gantry crane can be up to 216 meters and the lifting
height up to 98 meters, the crane itself can be over 100 meters high. 

Further information
Press
Jorma Antikainen, Director, Shipyard Cranes
e-mail: jorma.antikainen@konecranes.com or phone: +358 20 427 2550

Financial Media and Analysts
Paul Lönnfors, Investor Relations Manager 
e-mail: paul.lonnfors@konecranes.com or phone: +358 20 427 2050

This press release together with a downloadable picture is available at our
website www.konecranes.com 

Caption:
”Konecranes is supplying the design, project supervision and components for
eight Goliath gantry cranes in Korea.” 

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 2006, Group sales totaled EUR 1483 million. The Group has 8000
employees, at more than 370 locations in 41 countries. Konecranes is listed on
the OMX Helsinki Stock Exchange (symbol: KCR1V). 

www.konecranes.com

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