In October 2007, Konecranes received orders for the delivery of 173 cranes from Suzlon Energy Ltd in India. The orders include industrial and process cranes, as well as a five-year maintenance contract for the equipment. The cranes will be delivered during the second and third quarters of 2008 and will be used in Suzlon's manufacturing process for wind turbines at production units in India. Konecranes is one of the few companies in the world able to commit to an order of this size and delivery requirements. The parties have agreed not to disclose the total value of the orders.

Suzlon Energy Ltd, located in Pune, is the leading manufacturer of wind turbines in India and all of Asia, with over 3,000 MW of wind turbine capacity supplied in India and across the world. Suzlon is now expanding massively to increase manufacturing capacity, and the cranes ordered will be used in the Indian expansion.

The orders comprise a broad range of crane types, including electric overhead traveling cranes, including semi-automated solutions, and process cranes. The cranes are equipped with modern Konecranes inverter controls that enable crane movements at stepless speeds and PLC automation to maximize production efficiency.

Suzlon is a repeat customer for Konecranes, as they ordered over fifty cranes for their facility in Tianjin in China last year. The latest orders were signed with Konecranes China, and local installation in India and crane service will be handled by Konecranes India.

"We are very pleased to have received these orders from Suzlon. With our previous delivery and services to Suzlon in Tianjin we were able to build a long-term relationship with the customer. Repeat orders of this size show that Suzlon appreciates our products and services", says Michael Ho, Managing Director, Konecranes Shanghai.

"These large orders form a cornerstone on which to build our operations in India, and supports our strategy of combining equipment sales with long-term crane services", adds Sami Korpela, Country Manager , Konecranes India.

This press release together with a downloadable picture is available at our website www.konecranes.com

"Konecranes cranes will assist in manufacturing wind turbines in India."

About Konecranes

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