Konecranes is set to acquire a 70 per cent stake in Mitsubishi Electric FA Industrial Products (MFK), strengthening its position in Japan’s wire rope hoist, geared motor and service markets.
Konecranes has secured two crane modernisation contracts from Brazilian renewable energy and electricity transmission company AXIA Energia to upgrade lifting equipment at the Manso and Mascarenhas de Moraes hydroelectric power plants.
