Konecranes powers LTC Group’s material handling in the Middle East with 21-crane and service contract

Corporate press releases

Konecranes’ equipment and services will play a critical role at the heart of Legnano Teknoelectric Company (LTC) Group’s new 30,000 m2 manufacturing plant in Dubai, U.A.E., supporting the entire material flow from incoming raw materials to finished products including transformers. The 21-crane and service contract was booked in Q1 2023, with deliveries to take place starting from May 2023.

Konecranes will supply 12 S-series and CXT electric overhead cranes and 9 jib cranes. It will also modernize an existing crane at the site to enhance functionality. In addition, Konecranes will be responsible for the safe and optimized running of the cranes under a 3-year annual maintenance contract, extending a business relationship with LTC Group that first started in 2011.

LTC Group is the world leader in magnetic cores and laminations for a wide range of transformers and reactors. As it continues to grow its renewable energy sector business, its new facility in Dubai – which will double its production capacity in the region – will play a prominent role in supplying transformers for wind power, photovoltaic, hydroelectric, cogeneration and biomass facilities.

“Our production line uses high quality materials and the manufacturing process needs both reliable and cutting-edge equipment. Konecranes’ products and services meet those needs, which made it natural to choose them for this project,” says Mauro Mereghetti, Managing Director LTC Middle East FZCo.

“Customers like LTC Group are increasingly asking for equipment and services that reliably and safely support their material flow, and with reduced carbon emissions. Our cranes do just that, delivering precise lifting while significantly cutting down on wear and tear,” said Ajit Kumar, Director Industrial Cranes, UAE.

A strong focus on customers and commitment to business growth and continuous improvement make Konecranes a lifting industry leader. This is underpinned by investments in digitalization and technology, plus our work to make material flows more efficient with solutions that decarbonize the economy and advance circularity and safety.

For a concise overview of Konecranes’ business, please click here. For a useful glossary of crane and lifting terms, please click here.

Further information:
Tanja Wilson, Communications Director, Industrial Service & Equipment
[email protected] or phone: +971 56 4141878

Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes
[email protected] or phone: +358 20 427 2050

This press release is available at our website konecranes.com

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 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).