Konecranes Plc (Konecranes) manufactures lifting equipment for use in the manufacturing and process industries, shipyards, automotive, oil and gas, metals and mining, and power industries. The company offers workstation lifting systems, overhead cranes, hazardous environment cranes and hoists, container and bulk handling equipment, mobile harbor cranes, shipyard cranes and lift trucks. The company also offers materials handling products and services under the brand Agilon. The company operates sales and service locations in 50 countries around the world.

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The company operates a Science Lab in Lyon, France, which develops numerous analyses and algorithms for the company to apply in its operations. It has also developed a prediction method for lift trucks business, which enables customers to gain accurate fuel usage estimations. It has also developed lifecycle analyses for different crane components such as rubber Tired Gantry (RTG) cranes. The company develops new solutions both internally and in co-operation with others. In 2022, Konecranes participated in DIMECC’s InDEx program, focusing on the data economy and communication between equipment in factory settings. The crane has a critical role in manufacturing and big potential as a central piece of a smart factory, coordinating communication between equipment as well as gathering data critical for improving operations. High-quality data is also crucial for the industry-leading service offering, supporting timely maintenance. It has publicly funded R&D projects like GAMA – Solutions for safe mixed traffic of fully automated and manually driven vehicles in an enclosed port area; PRODUCTIVE 4.0 – Europe’s biggest research project in the field of digital industry, to maintain leadership position in European manufacturing; OPTIMUM – Developing optimized industrial IoT and distributed control platform for manufacturing and material handling. In FY2022, the company spent EUR47.7 million on R&D, which was 1.4% of revenue. In FY2022, the company had 2,000 active and pending patents.