Konecranes Oyj - Company Announcement

KONECRANES’ BUSINESS AREA EQUIPMENT TO REALLOCATE RESOURCES TO EMERGING MARKETS

KONECRANES PLC STOCK EXCHANGE RELEASE  January 3, 2013 at 15:30

As a result of new equipment demand moving towards emerging markets, Konecranes
Business Area Equipment has initiated actions to align operations closer to
customers. 

In doing so, the Group, in its Business Unit Industrial Cranes will organize
itself into larger sales areas with fewer, yet stronger units. 

In addition, we will consider discontinuing industrial crane manufacturing in
Hyvinkää, Finland and Vic, Spain. Hyvinkää will remain the main location for
component manufacturing for heavy-duty industrial cranes and port cranes. 

In our Business Unit Port Cranes we consider terminating straddle carrier
manufacturing in Tauberbischofsheim, Germany. In straddle carrier manufacturing
we will continue using other Group facilities, as well as the Group´s extensive
subcontracting network. 

These actions will affect approximately 140 employees globally. Konecranes
expects to incur restructuring costs of approximately EUR 10 million due to
these actions of which approximately EUR 6 million will be recognized in the
fourth quarter of 2012 and approximately EUR 4 million in the first quarter of
2013. The total cash flow impact of these restructuring costs will be
approximately EUR 5 million. With these planned actions, Konecranes targets
annual cost savings of approximately EUR 10 million starting from the second
half of 2013 on. 

Due to this business reorganization, Konecranes will start statutory
negotiations regarding possible personnel reductions in Finland. We estimate
that the permanent personnel reductions will affect 35 employees within the
Business Area Equipment. The planned changes in Finland are part of the
Business Area wide realignment of operations. 

Konecranes Group has approximately 12,100 employees globally. In Finland,
Konecranes employs approximately 2,000 people of which approximately 1,200 are
located in Hyvinkää. Konecranes aims to offer employment possibilities for the
affected employees in the growing markets. 


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Analysts and Investors:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc, tel. +358 (0)20
427 2050 

Press:
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc,
tel. +358 20 427 2008 



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 2011, Group sales totaled EUR 1,896 million. The Group has 12,100
employees at 609 locations in 47 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 


DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com