Konecranes Oyj (KCI Konecranes prior to 16 March 2007) is a

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

company, headquartered in

Hyvinkää Hyvinkää (; sv, Hyvinge, ) is a city and municipality of Finland. It is located in the Uusimaa region, approximately north of the capital Helsinki. The city was chartered in 1960. The population of Hyvinkää is (). Its neighboring municipal ...

, which specialises in the manufacture and service of cranes and lifting equipment as well as the service of

machine tool A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. Machine tools employ some sort of tool that does the cutting or shaping. All ...

s. The firm produces about one in ten of the world's cranes, of which around 80% are for use in

factories A factory, manufacturing plant or a production plant is an industrial facility, often a complex consisting of several buildings filled with machinery, where workers manufacture items or operate machines which process each item into another. T ...

, the rest at

port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as H ...

s. The company was initially a division of

KONE Kone Oyj (; officially stylized as KONE and trading as KONE Corporation) is an elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Espoo near Helsinki, F ...

, who began to manufacture cranes and hoists in the 1930s, but was spun off as an independent company in

1994 File:1994 Events Collage.png, From left, clockwise: The 1994 Winter Olympics are held in Lillehammer, Norway; The Kaiser Permanente building after the 1994 Northridge earthquake; A model of the MS Estonia, which sank in the Baltic Sea; Nelson ...

when KONE underwent extensive restructuring. The firm listed on the

Helsinki Stock Exchange The Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange ( fi, Helsingin Pörssi, sv, Helsingforsbörsen), is a stock exchange located in Helsinki, Finland. Since 3 September 2003, it has been part of Nasdaq Nordic (previously called ...

two years later and has since grown to become a constituent member of the benchmark OMX Helsinki 25 index. Konecranes is arranged into two business divisions - Equipment and Service (covering crane

maintenance Maintenance may refer to: Biological science * Maintenance of an organism * Maintenance respiration Non-technical maintenance * Alimony, also called ''maintenance'' in British English * Champerty and maintenance, two related legal doct ...

safety Safety is the state of being "safe", the condition of being protected from harm or other danger. Safety can also refer to the control of recognized hazards in order to achieve an acceptable level of risk. Meanings There are two slightly dif ...

and machine tool service).

References

External links

* {{OMX Helsinki 25 companies Manufacturing companies of Finland Engineering companies of Finland Companies established in 1994 Companies of Finland Companies listed on Nasdaq Helsinki