Konecranes

Konecranes has completed the acquisition of Jebsen & Jessen’s 50% stake in MHE-Demag, as announced on 5 December 2019. The combined operations of Konecranes and MHE-Demag start on 2 January 2020. With the acquisition, Konecranes increases its presence and market coverage in strategically important and fast-growing Southeast Asia. In addition, the acquisition allows Konecranes to […]

Konecranes has signed an agreement to acquire the 50% stake in its MHE-Demag JV held by partner Jebsen & Jessen for approximately €147 million. The acquisition will significantly improve Konecranes’ market position in the fast-growing Southeast Asian markets, creating further opportunities for service sales and simplifying the distribution channel for industrial cranes and components. The […]

Rob Smith has been appointed as Konecranes president and CEO by the board of directors, he will assume the role on 1 February 2020. In the intervening period chief financial officer (CFO) and deputy CEO, Teo Ottola will be acting CEO. Konecranes’ chairman of the board, Christoph Vitzthum, said, “Konecranes has concluded the integration following […]

Konecranes has launched three new lifting products designed to refresh and reinforce its portfolio, targeting existing and new industrial customers in segments including general manufacturing, automotive and various process industries. Konecranes president and CEO Panu Routila says, “The launches reflect the strength and depth of our expanded portfolio following the MHPS acquisition, as well as […]

Australian cranes and lifting technology and service leader Konecranes has won the ‘Best Practice in Safety’ award at the 2019 Bulk Handling Awards for its advanced planned maintenance technology, MAINMAN. Konecranes’ MAINMAN technology is used in major infrastructure, industrial, logistics and materials handling projects where equipment must be cost-efficiently maintained in peak condition to optimise […]

Leading building materials company, Boral Cement, is enhancing its sustainability and reducing fossil fuel dependency by using processed industrial recoverable materials as part of the fuel mix to provide heat energy to the kiln at their Berrima Cement Works. The ‘Solid Waste-Derived Fuels’ (SWDF) project relies on a 24/7 Konecranes’ fully-automated resource recoverable materials handling […]