releases
Eastern European Markets
NEWS RELEASE
July, the 2nf, 2008

Konecranes wins record-breaking port crane order from St.Petersburg

Konecranes has in June 2008 received one of its largest-ever orders comprising four ship-to-shore (STS) cranes and ten rubber-tired gantry (RTG) cranes from Russian operator JSC "Fourth Stevedoring Company". The crane delivery will start in the third quarter of 2009. The value of the order is more than MEUR 40.

JSC "Fourth Stevedoring Company" forms part of the largest group of stevedoring companies in St.Petersburg and is a new customer for Konecranes with regards to STS and RTG cranes. The container terminal on the territory of JSC "Fourth Stevedoring Company" currently under construction is expected to have an annual capacity of 350,000 TEUs by 2009 when the first stage is launched. By 2011 throughput is expected to increase to 1,400,000 TEUs.

"The Russian market is one of the world's fastest-growing markets," says Tuomas Saastamoinen, Sales and Marketing Director, Port Cranes at Konecranes. "This order and previous orders from St.Petersburg and Baltic ports over recent months confirm our leading position in the area."

The four Panamax STS container cranes offer efficient loading and unloading of Panamax-sized vessels. They have a lifting capacity of 50 metric tons, an outreach of 38 meters and are equipped with Konecranes AC electrical control system. The ten 16-wheel RTGs have a lifting capacity of 50 metric tons and can stack one over five containers high and seven wide plus a truck lane.

Konecranes has been building a local presence in Russia for several years. Special emphasis has been put on service in order to ensure strong customer support. This commitment has paid off, and today Konecranes' market share in Russia is steadily growing.

For more information
Seppo Hoppu, Director, East Europe
E-mail: seppo.hoppu@konecranes.com or phone +358 20 427 4100
Tuomas Saastamoinen, Sales and Marketing Director, Port Cranes
E-mail: tuomas.saastamoinen@konecranes.com or phone +358 20 427 2662
Financial Media and Analysts
Paul Lönnfors, Investor Relations Manager
E-mail: paul.lonnfors@konecranes.com or phone +358 20 427 2050

This press release and a downloadable picture are available at our website

www.konecranes.com


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