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Description
Konecranes Oyj (KCI Konecranes prior to 16 March 2007) 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;[2] of which around 80% are for use in factories; the rest at ports.[3] 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[4] 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 (39%); standard lifting (37%) and service (34%) (covering crane maintenance and safety). These percentages are from year 2008.
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