29 Facts About Kone

Kone sold just a few units before terminating the licensing agreement in 1917.

Kone's office was located in a former margarine factory on Haapaniemi Street in Helsinki that Kone had bought and converted into an elevator production facility the previous year.

Kone opened a purpose-built elevator factory in 1966 in Hyvinkaa, Finland.

The following year Kone was listed on the Helsinki Exchanges and started its international expansion through the acquisition of Sweden's Asea-Graham and its Norwegian and Danish affiliates.

The acquisitions of companies larger and older than Kone itself have been seen to have brought Kone respectability and lifted the company to a position of market prominence.

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Kone became one of the world's largest hoist and crane manufacturers as well as a producer of high-tech electronic hospital and laboratory equipment.

In 1981, Kone entered the American elevator market with the acquisition of New York City based Armor Elevator Company, which it continued to operate independently as a wholly owned subsidiary.

Kone acquired Navire Cargo Gear in 1982 and International MacGregor, makers of shipboard cargo access equipment.

In 1990, Kone sold its shipboard cargo handling business in 1993, as well as its crane, wood handling and piping systems businesses in 1994, and finally the steel foundry and electronic medical instruments divisions in 1995.

Kone acquired the Montgomery Elevator Company of the U S in 1994.

Kone was one of the first to introduce machine-room-less construction in elevators.

At the beginning of the 21st Century, due to the apparent benefits of Kone's pioneering elevator systems, rival companies began competitively marketing machine-room-less elevators of their own.

Kone held the position since 2005, and officially became the firm's president and CEO in 2006.

In 2000, Kone sold off the American factory in Winfield, KS to Wittur.

In 2002, Kone acquired Partek, a Finnish industrial engineering company with net sales equal to Kone's.

The Kone Materials Handling division thus comprised these Partek business areas.

In 2003, Kone decided to concentrate on Container Handling and Load Handling and the tractor and forest machine businesses were sold.

In September 2007, it was announced that Kone is proposing to lease several floors of a new riverfront tower to be built on Bass Street Landing, which is part of the Moline Riverfront.

Also in 2007, it was announced Kone had received part of what was then the largest fine ever handed out by the EU Commission for local anti-competitive practices in the elevator and escalator markets in Belgium, Germany, Luxembourg and the Netherlands relating to time prior to mid-2004 .

Kone has appealed against the size of the fine, currently 142 million EUR.

Finally, in 2007, Kone announced that they would stop the production of hydraulic elevators, replacing them with the EcoSpace MRL elevators, due to the hydraulic elevators' inefficient energy consumption, contamination concerns regarding the use of hydraulic oil and buried cylinders, and other environmental concerns.

Therefore, Kone has become the first major brand elevator company to make only traction elevators.

In 2013, Kone has been awarded by "GOOD DESIGN" awards for its design offering, functional elevator signalization series and new elevator car design.

In 2014, Kone was ranked 42nd in the world by the business magazine Forbes.

Out of all European companies listed in 2014, Kone was ranked sixth and Kone was the only elevator and escalator company featured on Forbes' list.

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In 2014, Kone was ranked the world's 12th greenest company by the American magazine Newsweek.

Kone Destination allows for a fast and efficient ride from floor to floor in a building.

The Kone EcoSpace elevator is a machine-room-less traction elevator designed for low-rise buildings from 2 to 4 stories as an energy-efficient alternative to hydraulic elevators, and can fit in an existing hydraulic elevator hoistway.

In 2017, Kone announced a new cooperation with IBM allowing them to collect information from lifts.