KCI Konecranes doubles the production capacity in China

11/30/2005, 1:41 PM (Source: GlobeNewswire)
KCI Konecranes today celebrates the inauguration of its second factory in China, marking another milestone in the company's China strategy. The new factory will double the company's production capacity in China and further strengthen KCI Konecranes presence in the world's largest crane market.

"Today, we take great pleasure in celebrating the opening of our new
factory in Shanghai. We have been growing fast and we intend to
continue to strengthen our position in this fast growing market.
Local manufacture of components will shorten delivery times in China
and provides a competitive manufacturing concept for our global
customers", says Pekka Lundmark, president and CEO, KCI Konecranes.

KCI Konecranes has operated a hoist assembly factory in Shanghai
since November 2002, producing wire rope hoists and components for
cranes of lower lifting capacities. The new factory will focus on the
production of heavy-duty lifting trolleys for Special Cranes, and
assembly of crane electrics. The factory houses a state-of-the art
new facility for testing and has a planned annual capacity of 400-500
trolleys. The factory has also been equipped to start the assembly of
heavy-duty lift trucks. The factory's key customers are both local
and global companies operating within the steel, paper, power and
general manufacturing industries. The factory is located adjacent to
the hoist factory in Taopu, Putuo District at Futurity Island
industrial park.

Ms. Päivi Hiltunen-Toivio, Finland's Consul General Shanghai, Mr. Bao
Jianqiang, Vice Mayor of Putuo District, Mr. Wang Heping, Mayor of
Taopu Town, Mr. Wang Daming, President of Futurity Island, Pekka
Lundmark, president and CEO, KCI Konecranes, and local officials
attended today's Grand Opening Ceremony.

As one of the world's leading crane companies, KCI Konecranes is
committed to long-term partnerships in China. KCI Konecranes has
established three joint ventures and two wholly owned manufacturing
plants and a wide network of partnerships and certified suppliers in
China. KCI Konecranes currently employs 360 people in China.

Further information can be obtained from
Harry Ollila, Chief Executive, North East Asia
Email: harry.ollila@konecranes.com or phone +86 13 7889 03876

This press release together with a downloadable picture is available
at our web site www.konecranes.com.

KCI Konecranes is a world leading engineering group specializing in
advanced overhead lifting solutions and maintenance services. It has
a global network of crane service professionals maintaining cranes of
every make. KCI Konecranes is a world leading supplier of heavy-duty
cranes for process industries and shipyards. KCI Konecranes is a
global supplier of special harbor cranes for bulk materials and
containers and of mobile container handling equipment like Reach
Stackers and Lift Trucks. In 2004, Group sales totaled EUR 728
million. The Group has 5,000 employees in 35 countries all over the
world.
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