March 21, 2018 5:04 AM ET


Company Overview of Konecranes Inc.

Company Overview

Konecranes Inc. manufactures and sells lifting equipment in the United States. It provides overhead cranes, such as standard industrial, built-up, custom process, automated cranes, and overhead travelling cranes; hoists and lifting devices, which include electric chain hoists, electric wire rope hoists, manual chain hoists, and air balancers; and hazardous environment cranes and hoists, such as electric wire rope hoists, electric chain hoists, air balancers, and manual hoists and trolleys. The company also offers container handling equipment, container handling equipment rubber tired gantry cranes, rail mounted gantry cranes, ship-to-shore gantry cranes, straddle carriers, automated containe...

4401 Gateway Boulevard

Springfield, OH 45502

United States

Founded in 1994





Key Executives for Konecranes Inc.

Chief Procurement Officer and Member of the Group Executive Board
Age: 56
Head of Business Area Service, Executive Vice President and Member of the Group Executive Board
Age: 60
Chief Information Officer and Member of the Group Executive Board
Age: 47
Age: 65
Member of the Group Executive Board
Age: 67
Compensation as of Fiscal Year 2017.

Konecranes Inc. Key Developments

Konecranes Introduces Versatile CLX Single Phase Chain Hoist with H-4 Rating

Konecranes announced strategic addition to its CLX electric chain hoist line. Konecranes has further expanded its CLX electric chain hoist platform by adding a model that can operate wherever 115-volt single-phase power is available, eliminating the requirement for a wired-in three-phase power source. Available in 500 KG (half-ton) and 1,000 KG (1-ton) capacities, this versatile, heavy-duty industrial hoist can be plugged in virtually anywhere. The CLX Single Phase is the most recent addition to Konecranes award-winning CLX line, which features full metal frame and combines a modern look with numerous performance and safety features. Konecranes increased the CLX’s speed ratio to 6:1 for safer and more effective load handling (3 phase only) and recently introduced their inverter controlled SLX with standard smart features. Konecranes incorporated the standard upper and lower limit switches into the hoist body to protect them from outside influences. A very robust hook-operated upper actuator for the limit switch works with the new hook block design, and decreases the headroom required for the hoist. Other benefits include a self-adjusting magnetic brake designed for the lifetime of the hoist and a robust maintenance-free gearbox. Overload protection is achieved by a slipping clutch that prevents the load from dropping or micro-slipping. The CLX employs common electrical components through a number of frame sizes, reducing the number of spare parts users need to have on hand. Recognized by the Red Dot Awards for product design, The CLX chain hoist has become a star performer in a wide range of configurations, such as workstation cranes, overhead cranes, jib cranes and a variety of fixed configurations. The unit is designed for easy replacement of components with plug-in connections. No special tools are required for servicing the hoist.

Konecranes New CXT Explorer Brings Overhead Crane Safety, Productivity and Cost Advantages to Remote and Temporary Locations

Konecranes stand-alone CXT Explorer is an overhead crane system that arrives in its own shipping container and can be assembled at an outdoor site in hours. CXT Explorer is the newest idea from global lifting leader Konecranes for safe, cost-effective lifting in remote areas where overhead lifting capabilities are needed. It positions Konecranes proven CXT electric overhead wire rope crane on top of a rugged steel structure supported by two standard ISO shipping containers. This concept, originally developed for vehicle maintenance in the military, brings the advantages of a factory crane to remote or temporary locations. Outdoor features include rain covers, waterproof electrics, and heating in the motors and electrical cabinets to avoid condensation. CXT Explorer is suitable for use in harsh conditions with temperatures ranging from -4 to +122 degrees Fahrenheit, or -20 to +50 degrees Celsius. The whole crane area can be covered with a special tent for additional protection if needed, and the unit can run on a generator if there is no source of electricity. The shipping containers that the crane rests on have a side door, and double as storage for crane components, service tools and spare parts. Best of all, it delivers factory-level lifting just a few hours after arriving on-site. Maclam estimates that it would take a 15-ton mobile crane to match the 5 metric ton lifting capacity of the CXT Explorer. The CXT Explorer is finding a home in mills, refineries and factories performing onsite fabrication that requires precise control. Civil engineering projects like bridges and highway overpasses also benefit. The crane has a 5m (16.4 ft.) lifting height and moves in six directions like a factory crane. Its lifting footprint is 6m (19.7 ft.) along the rails and 5m (16.4 ft.) between the containers. CXT Explorer can be assembled in just a few hours, with Konecranes record time for setup being 1 hour and 15 minutes. When the crane is no longer needed, it can be packed back in its container and moved to the next job. Konecranes CXT Explorer package features the company's workhorse CXT Hoist, making it attractively cost-competitive. Even when used in a remote area, factory parts, service and on-call maintenance are available from 600 Konecranes locations in 48 countries.

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Recent Private Companies Transactions

January 9, 2018
Machine Tool Service Division of Konecranes Inc.

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