Konecranes Oyj - Company Announcement

KONECRANES PRESIDENT & CEO PEKKA LUNDMARK TO RELOCATE TO SINGAPORE FOR ONE YEAR

KONECRANES PLC  STOCK EXCHANGE RELEASE  April 25, 2012 at 10:00

Konecranes President & CEO Pekka Lundmark will relocate to Singapore in August
for approximately one year to support the development of Konecranes' operations
in emerging markets. Lundmark's temporary relocation does not lead to any
changes in Group's operational structure, including the group headquarter
functions in Hyvinkää, Finland, or Asia-Pacific headquarter functions in
Shanghai, China. 

“A continuously growing share of the growth in world's industrial production
and logistics investments takes place in emerging markets in general, and in
Asia in particular. A strong senior management attention to the requirements
presented by these customers is vital to success in our business. My main
objective with the relocation is to build a personal contact network among
customers and other decision makers in Asia, and better understand their
thinking, plans and needs," Pekka Lundmark says. 

Asia-Pacific region accounted for 21 percent of Konecranes' net sales in 2011
and its relative share has tripled during the latest ten years. Konecranes
employs approximately 3,000 persons in the region, which is about 26 percent of
the Group's total personnel. In China and India, Konecranes operates altogether
seven plants, including joint ventures, manufacturing hoists, industrial
cranes, lift trucks, and port cranes. Emerging markets in total generate about
one-third of Konecranes' net sales and as much as a half of Business Area
Equipment's revenues. 


KONECRANES PLC

Miikka Kinnunen
Director, Investor Relations


FUTHER INFORMATION
Mikael Wegmüller, Vice President, Marketing and Communications, tel. +358 20
427 2008 
Miikka Kinnunen, Director, Investor Relations, tel. +358 (0)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 2011, Group sales totaled EUR 1,896 million. The Group has 11,700
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