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 of all makes.

Our business is divided into three Business Areas - Service, Industrial Equipment and Port Solutions - each contributing approximately one-third of Group sales. The Group’s brand strategy is based on the corporate Konecranes master brand, which is complemented by the Demag and MHE-Demag brands and a portfolio of freestanding power brands including R&M, SWF Krantechnik, Verlinde and Donati. On top of that TBA Group is also part of the Konecranes Group’s brand portfolio.

Konecranes Service offers specialized maintenance services and spare parts for all types and makes of industrial cranes and hoists. Konecranes Industrial Equipment provides an extensive range of industrial cranes, from components and light duty applications to demanding process use and solutions. Konecranes Port Solutions provides equipment, software and service for the container handling industry.

With our knowledge, products, services and solutions we seek to maximize the positive contributions to our different stakeholders and the surrounding society. We create value for our stakeholders on multiple fronts: through circular economy, digitalization and our deeply rooted safety culture. Read more about our Corporate Responsibility initiatives.

In 2020, Group sales totaled EUR 3.2 billion. The Group has around 16,900 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

Lifting businesses

At Konecranes, we are not just lifting things, but entire businesses. We have real-time knowledge of how millions of lifting devices perform. We use this knowledge, around the clock, to make our customers’ operations safer and more productive.

Our strategy

We aim to fully leverage the four global megatrends and our core competencies. We have a strong customer base across industries around the world, a highly competent team, leading technologies, and a world-class service approach. This is an excellent basis for embarking on the next chapter for Konecranes and fulfilling our ambition for profitable growth.

Strategic cornerstones

Our strategy is based on five cornerstones: growth, profitability, customers, people and technology. In the long term, we aim for profitable growth exceeding market growth. We also want to have the best profitability among our peers.

Profitable growth is strongly correlated with customer satisfaction, employee engagement and an innovative offering. An industry-leading company excelling in profitable growth has the means to invest in innovative products and services, attracts and attains the best talent and consistently delivers a world-class customer experience.

Strategic initiatives

During 2020, we fine-tuned our strategy. To support growing customer demand for more comprehensive solutions, products and services, we decided to extend our ambitions beyond lifting into the broader material flow. We identified the strategic initiatives below to strengthen our core competencies.

In 2021, Konecranes will maintain its strategic focus and will continue its commitment to business excellence, high performance and sustainability. The key initiatives that underpin our strategy are Service revenue and profitability growth, Industrial Equipment profitability improvement, project management, lean operations, procurement excellence, and business process efficiency improvement.