17 Dec 2018
EUR 10 million
Infrastructure, transportation and telecom
|Date of loan:||16 Jul 2014|
|Customer:||Konecranes Finance Oy|
|Amount in EUR:||EUR 50 million|
|NACE sector / loan type:||Manufacture of machinery and equipment n.e.c.|
|Business area:||Industries and services|
The loan has been provided for Konecranes’ research and development (R&D) activities in 2014–2017. The R&D programme focuses on developing two key areas for the company: industrial internet and product range. Konecranes’ industrial internet initiative enables machines to recognise their condition, and networks them to create real-time visibility for enhanced safety and productivity. The remote services offering will in the future include a variety of distinct services ranging from periodic data reporting to real-time diagnostics, technical support and production monitoring. Another part of the Konecranes’ R&D programme focuses on lifting equipment offering.
Konecranes is a world-leading group of lifting businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. The company employs 11,800 people at 600 locations in 48 countries.
Competitiveness: Utilisation of ICT to gather information about the performance and condition of customers’ machinery is a relatively new area in lifting business markets. Konecranes is responding to this knowledge gap by investing in R&D in techniques that are likely to bring new business opportunities and strengthen Konecranes’ market position in the service business. The investment to develop infrastructure for centralised data collection in order to develop its product range provides better knowledge of the strengths and weaknesses of the current market situation. By investing in its research and development activities, Konecranes will contribute to NIB member countries’ overall productivity growth. The likely outcome of R&D investments—increased knowledge and innovation—can be transferred to other companies in the region and sector.
Environment: The environmental impact is neutral.
The research and development activities will have small and insignificant environmental impacts.