KCI Konecranes simplifies Group legal structure

KCI Konecranes has merged three subsidiaries in the Special Cranes Business Area to one legal company. The change has been entered into the Finnish Trade Register on December 31, 2004.

In the beginning of 2004 KCI Konecranes merged the process, harbour and shipyard crane operations under a joint operative management. Now the juridical structure of the Group has been changed to reflect the operational organisation. Konecranes Komponentit Oy, KCI Erikoisnosturit Oy and Konecranes VLC Oy have been merged into a new subsidiary, KCI Special Cranes Oy.

”With this change we mainly want to clarify the legal structure of the Group and thereby speed up decision making. Some cost savings will also amount from reduced administrational needs", said CFO Teuvo Rintamäki.

The new subsidiary KCI Special Cranes Oy accounts for approximately 20% of the Group’s balance sheet and Consolidated Sales. 

Further information can be obtained from

KCI Konecranes Plc
Teuvo Rintamäki, Chief Financial Officer, tel. +358-20 427 2040

KCI Konecranes. A world leading engineering group specialising in advanced overhead lifting solutions and maintenance services. KCI Konecranes is the world's leading supplier of heavy-duty cranes for process industries and a global supplier of special cranes for harbours and shipyards. In 2003, Group sales totalled EUR 665 million with 4350 employees in 34 countries all over the world.

 

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