Konecranes strengthens its position as shipyard crane supplier in India

Corporate press releases

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: [email protected] or phone +358 20 427 2557

Investors and Analysts:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
E-mail: [email protected] 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