Konecranes Oyj - Company Announcement

KONECRANES PLC - KONECRANES AND NORDIC INVESTMENT BANK AGREE ON EUR 50 MILLION LOAN FOR R&D ACTIVITIES

KONECRANES PLC  STOCK EXCHANGE RELEASE  July 16, 2014  at 11:00

Konecranes and NIB have signed a EUR 50 million loan agreement to finance the
R&D activities in 2014-2017. The seven-year-maturity loan to Konecranes' R&D
program will assist the company in focusing on new business opportunities in
two important areas: Industrial Internet and next generation mid-market
products. 

Since 2009 Konecranes has increased its R&D-related expenditures by 16 percent.
The R&D costs in 2013 amounted EUR 25.6 million, which represented 1.2 percent
of the company's net sales. 

Konecranes' Industrial Internet initiative makes machines intelligent and aware
of their condition, and networks them to create real-time visibility for
enhanced safety and productivity. The TRUCONNECT offering includes a variety of
distinct remote services ranging from periodic data reporting to real-time
diagnostics, technical support and production monitoring. More features and
functionalities will be added to the offering in the future. 

Another part of Konecranes' R&D program focuses on lifting equipment offering.
Customers in emerging countries have certain needs that differ from those in
developed economies. However, customers in both markets are looking for safe
and productivity-enhancing solutions. By combining smart automation and control
systems with innovative mechanical solutions, it is possible to create next
generation, modular products, which serve both markets while bringing necessary
scalability and cost efficiency in production. 


KONECRANES PLC


Miikka Kinnunen
Director, Investor Relations


FURTHER INFORMATION
Tomi Hintikka, Group Treasurer, tel. +358 (0)20 427 2042
Mr Miikka Kinnunen, Director, Investor Relations, tel. +358 20 427 2050

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 2013, Group sales totaled EUR 2,100 million. The Group has 11,800
employees at 600 locations in 48 countries. Konecranes is listed on the NASDAQ
OMX Helsinki (symbol: KCR1V). 


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www.konecranes.com