KONECRANES BUILDS NEW OFFICE BUILDING IN HYVINKÄÄ, FINLAND


Konecranes builds new office building in Hyvinkää, Finland

Konecranes has received permits for constructing an office building in
Hyvinkää, Finland. The new building will have office space of approximately
3,770 m2 and will be placed in connection with Konecranes' present center for
visitors in Hyvinkää. Construction will start during summer 2010, and the
building is expected to be ready one year later. 

The new office building will consist of four floors. The offices will have
working space for approximately 100 employees. The building will also include
conference rooms, a canteen, warehouse and technical space. 
“This decision is an important element in a wider program to develop
Konecranes' operations at the Hyvinkää site. We have developed our
manufacturing and R&D facilities in the area, and now we are completing the
program with a new office building. We feel that having different functions -
R&D, manufacturing and management - at the same site carries a lot of value,”
comments Pekka Lundmark, President and CEO of Konecranes Plc. 
The construction project is done in cooperation with Swedish-based real estate
investment company AB Sagax (publ.), who owns the properties in Hyvinkää. Sagax
will finance the project and own the new office building. Konecranes Plc will
manage the construction project and rent the new office building from Sagax. 

Further information:
Press
Mikael Wegmüller, Vice President, Marketing & Communications
E-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2008

Investors and Analysts:
Miikka Kinnunen, Director, Investor Relations
E-mail: miikka.kinnunen@konecranes.com or phone +358 20 427 2050

This press release, with a downloadable photo, is available on our website,
www.konecranes.com. 

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 2009, Group sales totaled EUR 1,671 million. The Group has 9,600
employees, at 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V).

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