Konecranes received orders totaling over EUR 20 million from four South Korean shipyards in September 2007. Hyundai Samho Heavy Industries Co. Ltd, Samsung Heavy Industries Co. Ltd, Hanjin Heavy Industries & Construction Co. Ltd and Daehan Shipbuilding Co. Ltd. ordered the design, project supervision and components for eight Goliath gantry cranes. Deliveries are scheduled for spring 2008.

Shipyards are increasing their investments in new and existing facilities in order to cope with higher construction volumes, and to improve throughput times. Shipyards also require bigger cranes to handle ever larger ship blocks. The largest of the cranes ordered has a lifting capacity of 1500 tonnes. The orders include crane design, project supervision and key components such as gears and electrical motors.

"Konecranes' single girder gantry cranes are attractive to shipyards due to their light weight combined with excellent stiffness," says Veikko Miettinen, Sales Manager of Shipyard Cranes.

All four shipyards already use Konecranes' Goliath gantry cranes and are very satisfied with the performance of Konecranes' products and services.

The rail span of a Goliath gantry crane can be up to 216 meters and the lifting height up to 98 meters, the crane itself can be over 100 meters high.

This press release together with a downloadable picture is available at 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 2006, Group sales totaled EUR 1483 million. The Group has 8000 employees, at more than 370 locations in 41 countries. Konecranes is listed on the OMX Helsinki Stock Exchange