KONE Vietnam poised for growth with newly renovated office

Press Releases   •   Sep 12, 2017 10:00 +08

KONE recently expanded and renovated its corporate office in Ho Chi Minh, Vietnam. Henrik Ehrnrooth, CEO & President, KONE Corporation and Axel Berkling, Executive Vice President of KONE Asia Pacific were present to the open the new office.


Rising into the future

Blog posts   •   Aug 10, 2017 17:22 +08

Deep underground in an active limestone mine in Tytyri, South of Finland, lies a research facility dedicated to pushing machines to extreme limits. Find out what happens there and how.


KONE to supply elevators and escalators for Funan

Press Releases   •   Jun 06, 2017 17:47 +08

​KONE has won an order to supply 69 elevators and escalators to Funan, an integrated development owned by CapitaLand Mall Trust. Funan was closed in July 2016 for redevelopment and is slated to reopen in 4Q 2019 as a unique lifestyle destination, offering a new live-work-play paradigm, comprising of two premium Grade A office towers, a block of serviced residence and a retail component.


KONE opens its renewed high-rise elevator test laboratory in Tytyri, Finland - reaching a depth of 350 meters, it is the deepest in the world

Press Releases   •   Mar 29, 2017 16:09 +08

KONE unveiled its renewed high-rise elevator testing facility in Tytyri, Finland, after extensive renovations. The unique test lab reaches a depth of 350 meters and hosts the world's deepest elevator test shaft. Over here, KONE can develop and test the ultimate in high-rise innovations and technologies. An example is the revolutionary carbon fiber hoisting technology, KONE UltraRope®.


KONE Singapore appointed Jérôme Audais, Managing Director, Singapore

Press Releases   •   Mar 28, 2017 09:30 +08

KONE Singapore has appointed Jérôme Audais, Managing Director of Singapore as of 1 April 2017. Jérôme Audais succeeds Anthony Tan, who will be relocating to Bangkok as Managing Director of KONE Thailand after 5 years of service at KONE Singapore. Jérôme Audais is currently the Service Equipment Business Director of KONE Asia Pacific and has been with KONE since 1995.


KONE Thailand appoints Anthony Tan, Managing Director of Thailand, Myanmar, Cambodia and Laos

Press Releases   •   Mar 28, 2017 09:30 +08

KONE Thailand has appointed Anthony Tan, Managing Director of Thailand, Myanmar, Cambodia and Laos, as of 1 April 2017. Anthony Tan succeeds Balaz Branislav (Brano), who will be relocating to Australia as Business Development Director of KONE Australia and New Zealand since joining KONE in 2011. Anthony Tan is currently the Managing Director of KONE Singapore and has been with KONE since 2012.


KONE wins order for twin tower complex, Indonesia1 in Jakarta, Indonesia

Press Releases   •   Mar 21, 2017 14:00 +08

KONE won an order to supply 76 elevators and escalators to Indonesia1, a premium integrated mixed-use development located in the Central Business District of Jakarta, Indonesia.With 58 floors and 278 meters in height, the twin tower complex is set to be one of the tallest building in Indonesia. Indonesia1 is developed by PT. China Sonangol Media Investment.


KONE revolutionizes elevator maintenance with new customizable KONE Care™ service offering and 24/7 Connected Services

Press Releases   •   Feb 14, 2017 10:29 +08

KONE, a global leader in the elevator and escalator industry, has launched a unique tailor-made approach for its maintenance services and new 24/7 Connected Services, which uses the IBM Watson IoT (Internet of Things) platform. This brings new levels of flexibility to elevator maintenance, introducing a fully customizable portfolio of services and tools to meet the needs of different customers.

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KONE enters a new strategic phase: "Winning with Customers". Strategic and financial targets remain unchanged

Press Releases   •   Feb 07, 2017 19:10 +08

KONE Corporation, stock exchange release, January 26, 2017 at 12.35 p.m. EET

KONE enters a new strategic phase for 2017-2020 called "Winning with Customers". The objective is to drive differentiation further by putting the needs of customers and users at the center of all development. The increasingly urbanizing world continues to provide attractive growth opportunities in the elevator and escalator industry. New technologies and connectivity provide an opportunity to add value for customers in new ways that meet better their specific needs, while at the same time technological development has changed their expectations on speed, transparency and predictability. KONE will increase the speed of bringing new services and solutions to the market by closer collaboration with customers and partners.

"I strongly believe that in today's connected world, the most sustainable source of growth will come from customers advocating on our behalf. We intend to drive this with the "Winning with Customers" approach and by co-creating more with our customers and partners. Product features alone will not help customers build stronger businesses, and the focus needs to be on the outcomes. We have very encouraging results from recently launched services that we have co-created with our customers and partners. This motivates us to accelerate our innovation activities further. The new strategic phase builds on KONE's mission to improve the flow of urban life as well as our experience and strong culture, which are based on our deeply-held values and a commitment to safety and quality. I am very excited about the opportunities this new phase in KONE's development will bring," says President and CEO Henrik Ehrnrooth.

Four Ways to Win

For the new strategic phase, KONE has defined four "Ways to Win" that support the company in reaching its goals:

  • Collaborative innovation and new competencies
  • Customer-centric solutions and services
  • Fast and smart execution and;
  • True service mindset

The business development initiatives as well as the solution and service development are guided by the Ways to Win.Updates on the new development initiatives and the progress made will be given regularly.

The strategic and financial targets remain unchanged

KONE's measures progress against five strategic targets:

  • Most loyal customers
  • Great place to work
  • Faster than market growth
  • Best financial performance
  • Leader in sustainability

The long-term financial targets continue to be:

  • Growth: faster than the market
  • Profitability: EBIT margin of 16%
  • Cash flow: improved working capital rotation

2014-2016 Development Programs successfully completed

KONE successfully completed its fourth set of three-year Development Programs at the end of 2016. During the period KONE has continued to grow profitably and faster than its markets. Customer loyalty and employee engagement improved clearly, and good progress was made in improving the sustainability of the offering and the operations.

A picture summarizing KONE's new strategy is attached to this release.


For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, tel. +358 204 75 4705


KONE Corporation

Henrik Ehrnrooth
President and CEO

Ilkka Hara


About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion, and at the end of the year close over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

KONE enters a new strategic phase for 2017-2020 called "Winning with Customers". The objective is to drive differentiation further by putting the needs of customers at the center of all development. The increasingly urbanizing world continues to provide attractive growth opportunities, coupled with new technological developments, connectivity and changes in customers' expectations and needs.

Read more »

The first KONE UltraRope® in China to be installed in Beijing's tallest building, China Zun

Press Releases   •   Oct 17, 2016 13:00 +08

Contacts 1 contact

  • Press Contact
  • Marketing and Communications Manager, SEA
  • +65 6424 8983
  • +65 6424 6246

About KONE

A global leader in the elevator and escalator industry

Founded in 1910, KONE is committed to understanding the needs of its customers for the past century, providing industry-leading elevators and escalators as well as innovative solutions for modernization and maintenance.

Our objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment.