Kone Oyj (OTCMKTS:KNYJY) is a Finland-based global leader in the elevator and escalator industry, offering solutions that span the entire life cycle of a building’s people flow needs. Founded in 1910 and headquartered in Helsinki, Kone has grown from a local manufacturer into a multinational corporation known for its high-quality products and services. The company’s expertise covers elevators, escalators, automatic building doors and the associated maintenance and modernization services, all designed to ensure safe, reliable and efficient movement of people and goods in residential, commercial and public infrastructure projects.
The company’s operations are organized around three core business activities: new equipment, maintenance and modernization. In the new equipment segment, Kone designs and delivers customizable elevator and escalator solutions ranging from machine-room-less elevators for low- to mid-rise buildings to high-speed, high-capacity systems for skyscrapers and large public transportation hubs. The maintenance segment offers comprehensive service agreements, including preventive and predictive maintenance enabled by Kone’s proprietary connectivity technology, which monitors system performance in real time. Through modernization services, the company upgrades existing installations with the latest safety features, energy-efficient components and aesthetic enhancements, extending asset life and improving ride comfort.
Kone serves a broad range of markets across Europe, the Middle East, Africa, Asia-Pacific and the Americas, with particularly strong positions in China, India, the United States and Western Europe. Under the leadership of President & Chief Executive Officer Henrik Ehrnrooth and guided by a board chaired by Antti Herlin, Kone leverages a deep heritage of family ownership and a culture of innovation. The company invests heavily in research and development, focusing on digitalization, Internet of Things (IoT) connectivity and smart building integrations. Kone’s People Flow Intelligence platform, for example, uses data analytics and cloud-based services to optimize building access and performance.
Committed to sustainability, Kone has set ambitious targets to reduce its environmental footprint and promote circular economy practices. Its products are designed for energy efficiency, low noise levels and easy recyclability, meeting stringent industry standards such as ISO 14001. Through partnerships with architects, developers and urban planners, Kone continues to drive advances in eco-efficient vertical transportation and support the development of smarter, more sustainable cities around the world.
