Konecranes has now started to deliver its final crane order to Russia, according to the company's release. The order – cranes for a Waste-to-Energy recycling site outside Moscow – was placed in 2019 by a European company and subsequently delayed. Once this order has been delivered, Konecranes will have no further outstanding orders to Russia.
Konecranes wrote off the order in 2022, and this is the only write-off the company will deliver to Russia. The company took the decision to start deliveries as breaching the contract would have exposed the company to possible significant financial risk that could damage the business for both the short and long term. The delivery does not infringe on European Union sanctions against Russia.
Konecranes is 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. In 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries.