Konecranes Oyj - Company Announcement

KONECRANES CLOSES FACTORY IN ETTLINGEN, GERMANY

KONECRANES PLC STOCK EXCHANGE RELEASE September 25, 2009 at 11:50 a.m. Finnish
time 

Konecranes closes factory in Ettlingen, Germany

Konecranes will close down its production facility in Ettlingen, Germany, by
March 31, 2010. The close-down affects about 85 employees in crane production
and assembly, component production and plant administration. Manufacturing at
Konecranes' factories in Künzelsau and Liebengrün will continue unchanged. 

The factory close-down is part of Konecranes' previously communicated decision
to restructure its organization and reduce costs, based on a sharp drop in
demand and a low industrial capacity utilization rate. The action is included
in the estimates announced in the second quarter interim report 2009 i.e. an
annual cost saving target of 100 MEUR in 2010 compared to 2008, and 15-20 MEUR
restructuring costs to be booked during the second half of 2009. 

Management and the local works council will start negotiations on personnel
arrangements. The annual production of cranes in Ettlingen represented
approximately 15 % of Konecranes industrial cranes in 2008. 

Further information:
Press
Mikael Wegmüller, Director, Marketing and Communication
E-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2050

Investors and analysts
Sanna Päiväniemi, IR manager
E-mail: sanna.paivaniemi@konecranes.com or phone +358 20 427 2050

This press release is available at our website www.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 and machine tools of all
makes. In 2008, Group sales totaled EUR 2,103 million. The Group has 9,700
employees, at 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V). 

www.konecranes.com