Konecranes

Infobox Company
company_name = Konecranes
company_
company_type = Public (OMX|HEX24284|KCR1V)
foundation = 1994
location_city = Hyvinkää
location_country = Finland
key_people = Pekka Lundmark (President and CEO), Stig Gustavson (Chairman of the board)
industry = Engineering and service
products = Heavy and standard lifting cranes and service
revenue = € 1.750 billion (2007)cite web |url=http://www.konecranes.com/attachments/investor/annual_reports/konecranes_annualreview_2007.pdf |title=Annual Report 2007 |accessdate=2008-04-11 |publisher=Konecranes]
net_income = profit €129.2 million (2007)
num_employees = 8,400 (2007)
slogan = "Lifting businesses"
homepage = [http://www.konecranes.com/ www.konecranes.com]
intl = yes

Konecranes Oyj (KCI Konecranes prior to 2007-03-16) is a Finnish company, headquartered in Hyvinkää, which specialises in the manufacture and service of cranes of various sizes and lifting capacities. The firm produces about one in ten of the world's cranes, [cite news|url=http://www.bloomberg.com/apps/news?pid=20601085&sid=aaLljtLCoM4U&refer=europe|title=Konecranes Rises Most in 10 Years on Earnings, Target|last=ben-Aaron|first=Diana|date=30 July 2008|work=Bloomberg|accessdate=2008-07-30] of which around 80% are for use in factories, the rest at ports.cite news|url=http://www.ft.com/cms/s/0/8ba46b16-5ccc-11dd-8d38-000077b07658.html|title=Konecranes proves a tower of strength|last=Marsh|first=Peter|date=28 July 2008|work=Financial Times|accessdate=2008-07-30] The company was initially a division of KONE, who began to manufacture cranes and hoists in the 1930s, but was spun off as an independent company in 1994 when KONE underwent extensive restructuring. The firm listed on the Helsinki Stock Exchange two years later [cite web|url=http://www.kauppalehti.fi/en/stocks/market_quotes/security/index.jsp?klid=1098|title=Market quotes: Konecranes Oyj|publisher=Kauppalehti|accessdate=2008-07-30] and has since grown to become a constituent member of the benchmark OMX Helsinki 25 index. Konecranes is arranged into three business divisions - heavy lifting, standard lifting and service (covering crane maintenance and safety). The latter division provides around 30% of Konecranes' annual revenue.

References

External links

* [http://www.konecranes.com/portal/ Konecranes official site]