Konecranes President & CEO Pekka Lundmark will relocate to Singapore in August for approximately one year to support the development of Konecranes’ operations in emerging markets. Lundmark’s temporary relocation does not lead to any changes in Group’s operational structure, including the group headquarter functions in Hyvinkää, Finland, or Asia-Pacific headquarter functions in Shanghai, China.
 


“A continuously growing share of the growth in world’s industrial production and logistics investments takes place in emerging markets in general, and in Asia in particular. A strong senior management attention to the requirements presented by these customers is vital to success in our business. My main objective with the relocation is to build a personal contact network among customers and other decision makers in Asia, and better understand their thinking, plans and needs," Pekka Lundmark says.
 


Asia-Pacific region accounted for 21 percent of Konecranes’ net sales in 2011 and its relative share has tripled during the latest ten years. Konecranes employs approximately 3,000 persons in the region, which is about 26 percent of the Group’s total personnel. In China and India, Konecranes operates altogether seven plants, including joint ventures, manufacturing hoists, industrial cranes, lift trucks, and port cranes. Emerging markets in total generate about one-third of Konecranes’ net sales and as much as a half of Business Area Equipment’s revenues.