Profile: Konecranes Abp (KCR1V.HE)
KCR1V.HE on Helsinki Stock Exchange
23 Dec 2014
23 Dec 2014
Price Change (% chg)
Konecranes Abp is a Finland-based company engaged in the manufacture and marketing of lifting equipment, as well as the provision of lifting solutions and services. Its operations are divided into two business areas. The Service business area offers service and maintenance solutions to all brands of industrial cranes, port equipment and machine tools. Its offering covers inspections, preventive maintenance programs, repairs and improvements, on-call service, spare parts, modernizations and other services. The Equipment business area offers products, such as industrial cranes, wire rope and chain hoists, crane components, workstation lifting systems, manual hoists, and medium to heavy forklifts. The Company offers its products to industries handling heavy loads, ports, intermodal terminals, shipyards and bulk material terminals. In June 2014, it completed the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co Ltd (SANMA), 65% of which it acquired in 2009.