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 of all makes. In 2019, Group sales totalled EUR 3.33 billion. Including MHE-Demag, the Group has around 17,300 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

Konecranes acquired Demag Cranes & Components in 2017 and fully acquired MHE-Demag in January 2020.

 

About MHE-Demag

MHE-Demag was established in 1972 and is based in Singapore. MHE-Demag has 11 factories and more than 70 service locations throughout Southeast Asia, including the largest crane manufacturing plant in the region, in Bukit Raja, Malaysia.

MHE-Demag supplies Konecranes, Demag and MHE-Demag branded, industrial cranes and hoists, warehousing equipment such as lift trucks and dock levellers, aerial work platforms, building maintenance units for safe working at heights, compact construction equipment, as well as automated car parking systems. Our customized solutions serve a wide range of industries and customers from general manufacturing to aerospace. 

MHE-Demag is the original service provider for Konecranes, Demag and MHE brands of equipment.

We provide specialized maintenance services and spare parts for all types and makes of overhead cranes, hoists and industrial products.

We are committed to bringing the highest lifecycle value to our customers by maximizing the productivity of uptime and minimizing the cost of downtime. Our objective is to improve the safety and productivity of our customers' operations.

 

MORE INFORMATION ABOUT KONECRANES IS AVAILABLE ON OUR CORPORATE WEBSITE THROUGH LINKS BELOW

General Description

Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals.

History

Konecranes' history dates back to 1910 when the electrical motor repair shop KONE Corporation was founded. Konecranes has grown over the years mainly organically but has a strong acquisition track record as well.

Business Areas

Konecranes has three business areas in its organizational structure: Service, Industrial Equipment and Port Solutions.

Mission, Vision and Values

We make machines intelligent and aware of their condition, and network them to create real-time visibility for enhanced safety and productivity.

Corporate Responsibility

We believe that sustainable growth is a result of a strong responsible performance. We increase the value of our shareholders’ investment whilst respecting our personnel, the environment, and the societies in which we operate.

Research and Development

The area of product development is an important one to Konecranes. We are dedicated to making innovative use of technology in order to create efficient products and services that improve customers’ productivity while prioritizing safety and the environment.