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KONE is one of the global leaders in the elevator and escalator industry. The company
has been committed to understanding the needs of its customers for the past century,
providing industry-leading elevators, escalators and automatic building doors as well as
innovative solutions for modernization and maintenance. The company's 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. In 2010, KONE had annual net sales of EUR 5
billion and approximately 33,800 employees. KONE class B shares are listed on the
NASDAQ OMX Helsinki Ltd in Finland.

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KONE¶s key customers are builders, building owners, facility managers, and
developers. In addition, architects,authorities, and consultants are key parties in the
decisionmaking process regarding elevators and escalators.

KONE has segmented its market according to the purpose of the building. The main
segments are residential buildings, hotels, office and retail buildings, infrastructure, and
medical buildings. KONE also serves special buildings such as leisure and educatioN
centers, industrial properties, and ships.

KONE serves hundreds of thousands of customers across the globe, the majority of
which are maintenance customers. Our maintenance customers range from small
facility management companies serving a single building to large global retail or hotel
chains.

 

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KONE operates through more than 1,000 offices around the world. We have eight
global production units located in our main markets, as well as seven global R&D
centers. In addition, KONE has authorized distributors in over 60 countries. KONE¶s
head office is in Helsinki, Finland.




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KONE¶s vision is to create the best People FlowŒ experience. Our strategy is to deliver a performance edge to our
customers by creating the best user experience with innovative People FlowŒ solutions. Simultaneously, KONE¶s
people leadership and processes enable operational excellence and cost competitiveness.

To help us realize KONE¶s vision of creating the best People FlowŒ experience, we continually strive to expand our
understanding of customers¶ needs. By responding to these needs and focusing on our people leadership and
internal processes, we can achieve our four strategic targets of serving increasingly loyal customers, making KONE a
great place to work, leading the industry in profitable growth, and providing the best user experience.
 
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KONE¶s efforts to meet its strategic targets are supported by development programs that are designed to help us turn
our strategy into reality. These programs are reviewed and redefined at regular intervals in response to both
achievements and changes in the business environment.

We have also refined the three high-priority areas that are the backbone for everything we do. These are safety,
quality, and simplification. These high-priority areas support our key development programs and help bring the KONE
strategy to life.

These development programs and strategic targets are founded on KONE¶s core values of delighting the customer,
energy for renewal and passion for performance, and striving to win together

 cOur values guide the behavior of our personnel towards achieving our strategy. KONE¶s values are:

 
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Our customers¶ success is our goal. We work for and with them to identify and deliver solutions that exceed
expectations. We stay with them for the total life cycle of our products and services and ensure the safety of users
and our people.


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We are energized by the drive for continuous improvement. We anticipate and adapt to changing
requirements and constantly seek ways to work smarter. We welcome new ideas with an open mind.




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We keep our promises. We drive new ideas to realization with speed and an obsession for customer-driven quality.
We thrive on challenges and take pride in our ³can do´ attitude.

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We can win only by working together. We encourage participation, and we share information and ideas. We trust and
respect each other and recognize good performance. Our behavior is characterized by the highest ethical standards.

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According to our brand promise 'Dedicated to People FlowŒ' every KONE employee is dedicated to making cities
better places to live and work for everyone. They are committed to ensuring our products and services provide the
best People Flow experience for customers and end users.

The word KONE means 'machine' in Finnish and represents our brand's roots in electric motor production, and its 100
year heritage.

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Kone Corporation

We are into manufacturing elevators, escalators.

We have been into this industry since 1910.
We have our head quarters in Helsinki, Finland.
We are Globally 4th position in Elevator Manufacturing.
We have achieved 4.6 billion euros turnover (globally).
We have been operating in 50 countries in the world.
We have 34800 employees working in KONE Corporation.

Kone India (P) Ltd

We are a 100% subsidiary of KONE Corporation, Finland.

We have been into this industry since 1984.
We have our head quarters in Chennai.
We are No.1 position in Elevator Manufacturing.
We have 44 branches in India.
We have approx. 2700 employees working in Kone India

Connect with 256 employees of this company

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, founded in 1910 and
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headquartered at Espoo, Finland, is an
international engineering and service
company employing some 30,000
personnel worldwide. The firm is a global
leader in
manufacturing elevators and escalators and
also provides maintenance services and
modernization solutions. In addition, KONE
builds and services automatic doors
(including their internal mechanisms) for
office buildings. The company provides
local service for builders, developers,
building owners, designers and architects in
800 locations in over 40 countries. Since
1924, Kone been owned and operated by
one of Finland's wealthiest families, the
Herlin family. After Harald Herlin purchased
the company in 1924, he served as
its Chairmanuntil 1941. Afterwards, his son,
Heikki H. Herlin, took over his father's post
from 1941 - 1987. Control of the company
was then handed down to his son, Pekka
Herlin, which he retained from 1987 - 2003.
Finally, the current Chairman of KONE's
 Board of Directors from 2003 onwards
is Antti Herlin.

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Kone (then known as Osakeyhtiö KONE

Aktiebolag) was founded in 1910 as a
subsidiary of Gottfr. Strömberg Oy.
Strömberg's license to import Graham
Brothers elevators was transferred to the
new company. KONE sold just a few units
before terminating the licensing agreement
in 1917. KONE, then a company with only
50 employees, started to make and install
its own elevators in 1918. Six years later, in
1924, entrepreneur Harald Herlin bought
KONE from Strömberg and became the
new chairman of the company's Board of
Directors. His son, Heikki Herlin, joined the
company and was appointed technical
director in 1928. His 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. Heikki Herlin took
over as KONE's president in 1932. KONE's
first foreign subsidiary - AB KONE Hissar of
Sweden - was established in 1957.

After World War II, KONE was called upon

by the Finnish government to contribute
elevators, electric hoists and cranes to
the war reparations being paid to the Soviet
Union. This program forced KONE to
expand its capacity, rationalize production
processes and learn to meet demanding
manufacturing schedules. In the 1950s
KONE introduced its first group controls,
automatic doors and hydraulic elevators.
Heikki Herlin turned over the president's
duties in 1964 to his son, Pekka, who had
served as administrative director since
1958.

KONE opened a purpose-built elevator

factory in 1966 in Hyvinkää, 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.
Numerous acquisitions followed during the
1970s and 1980s with only the most
significant being listed here. The
acquisitions of companies larger and older
than KONE itself has been seen to have
brought KONE respectability and lifted the
company to a position of market
prominence. Eventually KONE further
expanded its business scope. The
company became one of the world's largest
hoist and crane manufacturers as well as a
producer of high-tech electronic hospital
and laboratory equipment.

Flags at KONE corporate

headquarters,Keilaniemi, Espoo, Finland (2003).

In 1981 KONE entered the American

elevator market with the acquisition
of Louisville, KYbased Armor Elevator CO.,
which it continued to operate independently
as a wholly owned subsidiary. The addition
of Navire Cargo Gear in 1982 and
International MacGregor a year later made
KONE number one worldwide in shipboard
cargo access equipment. Wood-handling
systems and equipment for pulp and paper
mills, hydraulic piping systems, mining
equipment and conveyors, and specialized
steel components from KONE's own steel
foundry rounded out the company's
offerings to industrial customers. In 1987,
after 60 years as a member of KONE's
board of directors and 46 as its chairman,
Heikki Herlin retired. Prevented by Finnish
law from serving simultaneously as
president and board chairman, Pekka
Herlin ceded the presidency to Matti
Matinpalo, the first non-Herlin to occupy the
position in 55 years, and continued as
Chairman of the Board.

Although KONE's business had been

thriving leading up to 1987, by 1990, global
recession had set in, which led KONE to
sell 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. Only
its elevators, escalators, and automatic
door branches remained. KONE acquired
Montgomery Elevator Company of the U.S.
in 1994, which madethe Finnish company a
major player in North America. Soon
afterwards, the KONE Corporation
purchased a majority of the outstanding
shares of O&K Rolltreppen GmbH of
Germany. These lucrative acquisitions
made KONE the world's leading supplier of
escalators and autowalks. After expanding
in both North America and Europe, the
company sought to stregnthen its presence
in Asia. The Finnish manufacturer achieved
this in 1998 through a major, $29 million
(US) investment in the construction of an
elevator and escalator factory in Kunshan,
China.

In 1996, Antti Herlin, the great-grandson of

the company's founder, was appointed
KONE CEO and deputy chairman of the
board, set on continuing his family's long
tradition regarding the company that he had
now inherited.Through this appointment,
the fourth generation of the Herlin family
continued to uphold their forefather's legacy
of controlling and expanding the horizons of
KONE's business, which is exactly what
they did. The company continued to remain
a world leader and pioneer in the industry
by introducing innovative technology such
as the KONE EcoDisc® hoisting machine
and KONE MonoSpace® elevator
technology concept in 1996. These
revolutionary improvements produced a
major shift in the elevator manufacturing
business, as KONE was one of the first to
introduce machine-room-less (MRL)
construction in elevators. KONE's novel
MRL designs significantly reduced the size
of elevator machinery and its lift
mechanism by using permanent magnet
motors (PMM). The use of these smaller
and more energy-efficient (can save up to
an estimated 70-80% more electricity than
hydraulic-lift elevators) mechanisms
enables all of the elevator's equipment and
its inner workings to be confined entirely in
the space above the elevator shaft, known
as the hoistway overhead instead of
needing an entire room dedicated to
machinery. 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.

Th company faced several problems in the

new millenium due to an unexpected
slowdown in the elevator industry as a
result of increased international competition
due to over-consolidation, which had made
it so that there only a few independently-
owned mid-sized companies left in Europe
and America. Additional difficulties
developed as a result of a worldwide
economic downturn that subsequently
caused construction activity to level off in
many international markets. Furthermore,
the expected wave of modernization of
existing elevator equipment in aging
buildings was slower to materialize than
predicted. Although the KONE Corporation
was able to avert disaster financially
despite these unfortuitious circumstances
with considerable success through the
diversification of their products into
industries besides elevator and escalator
manufacturing, it was unable to deter life's
endless cycle of life towards death. Sadly,
KONE's then chairman of the board, Pekka
Herlin, passed away on April 4, 2003 after a
long battle with illness. His son, Antti Herlin,
was subsequently appointed the new
chairman of the board in June 2003. Matti
Alahuhta, a former Executive Vice
President atNokia Corporation, previously
serving as the President of Nokia Mobile
Phones, was later chosen to fill Herlin's
vacant position as the acting President of
the KONE Corporation. he has held the
position since 2005, officially becoming the
firm's President and CEO in 2006.
Together, the two new leaders of the
Finnish manufacturer worked to expand the
company's range of products and services
in order to maintain a competitive edge in
the changing global market of the 21st
Century.

Unlike the elevator business, the automatic

building door service business, which
KONE had entered on a small-scale in
France in 1980, had not yet experienced
such consolidation that plagued the
elevator business. KONE made a few
strategic acquisitions and alliances and
soon became the leading company in the
field. In 2002, KONE acquired Partek, a
Finnish industrial engineering company with
net sales equal to KONE's. Partek's
business areas specialized in container
handling, load handling, forest machinery
and tractors. 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. As the structure of KONE
Materials Handling had changed
significantly, the name Kone Cargotec was
introduced in January 2004. Its business
areas were Kalmar (container handling)
and Hiab (load handling).

At the end of 2004, Kone Cargotec

acquired MacGREGOR, a global marine
cargo-flow solution and service provider,
thereby adding the leading market position
in shipboard cargo-handling solutions to its
existing market leadership in container
handling and load handling.

In August 2004 the KONE Board of

Directors presented a plan to split the
company into two separately listed
companies on the Helsinki Stock
Exchanges in June, 2005. One company
would comprise KONE's existing elevator,
escalator & building door service business
and continue to operate under the name
KONE Corporation. The other company
would comprise Kone Cargotec¶s business
area and operate under the name Cargotec
Corporation. The Extraordinary
Shareholders¶ Meeting in December 2004
approved the Demerger Plan. The
demerger was completed in June 2005.

In 2007 Kone announced they are moving

their North American Headquarters out of
Moline, Illinois. Most of the non senior
management will remain. In September of
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.[1]

Also in 2007, it was announced Kone had

received part of the largest fine ever
handed out by the EU Commission for
massive and extensive price fixing going
back decades, relating to the servicing of
elevators. The crime was seen as
especially severe as the cartel activity
focused on maintenance required by law,
and thus related to the safety of elevator
users. This also meant victims of the fraud
were legally required to agree to contracts
regarding the servicing of their elevators,
meaning Kone abused a captive market.

KONE offices in the United States, located

in Moline, Illinois.

ë 0
 ± the acquisition of Montgomery

Elevator's Canadian subsidiary opens
an alliance with Montgomery in the U.S.
that leads to the total integration of
Montgomery into the KONE
organization after 1994.
ë 0  ± an alliance was formed as
KONE and MacGregor worked together
to create elevators for handling
passenger traffic on modern cruise
ships. This alliance commands the
leading position in marine elevator
 market.
ë 0
± KONE's alliance initiated with
Toshiba of Japan.
ë 2000 ± KONE-Toshiba alliance is
strengthened as the companies signed
a historic agreement to exchange
shares and extend Toshiba's license to
market elevators based in KONE
MonoSpace® technology.
ë 2002 ± KONE acquires the industrial
engineering company Partek

1910 - The first logo symbolizes the electric motor business KONE started with.
The word Osakeyhtiö underneath the KONE name means Corporation in
Finnish.
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1948 - The logo was redesigned to represent the expanding elevator, industrial
cranes and hoisting machinery business it focused on at that time.
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1967 - By this time the business had evolved and the logo was re-designed to
represent the new company that was emerging with an international presence.
A new elevator factory was built in Hyvinkää, Finland during this year to
increase production of technologically advanced elevators. Although the
inspiration for the logo design is unknown we believe it resembles elevator cars
and shafts and even buildings. The blue and white colors reflect the Finnish flag
and also maintain a link to KONE's heritage.
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1999 to present - The KONE letters inside the blue blocks were updated with a
modern, clean typographic style to better suit the company's unified global
business.
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The KONE organization is divided into two business lines, Service Business and New Equipment Business, and four
geographical areas, Central and North Europe, West and South Europe, Asia-Pacific, and the Americas. In 2010, the
Major Projects unit, a separate business line, was combined with the New Equipment Business.KONE also
established a new Customer Experience unit to further enhance its customer focus.

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KONE is a global leader in providing complete and innovative solutions for the design, installation, modernisation and
maintenance of elevators and escalators and the maintenance of automatic building doors. In 1996, the company
assumed the technology leadership in the elevator industry by developing the KONE EcoDisc hoisting machine. The
current 3rd generation of the system has gone through 10 years of quality improvements ± constantly increasing the
application range, reliability, and ride comfort. EcoDisc is the core technology of all its gearless elevators. It employs
a permanent magnet synchronous motor, frequency control, and low friction gearless construction. Salient features: a
reliable machine ± low revolving gearless motor with extremely low levels of wear; incorporates an axial permanent
magnet rotor that constitutes the single moving part; more efficient than traditional machines ± needs less starting
current, consumes less power and needs no oil; less starting current means a smaller back-up generator which saves
costs; signi?cant cost savings are achieved by the use of lower duty risers and fuses, made possible by a peak
starting current of just 30 to 40 per cent of equivalent traction units; low rotational motor speeds, combined with the
V3F drive system offers unrivalled ride comfort; space-saving elevator design ± no need for a machine-room; safe
travel ± fast response and optimum stopping accuracy are ensured by intelligent controls; easy maintenance ± all
controls that need to be accessed for maintenance are grouped in a special, compact maintenance access panel;
and dependable LCE control system ± a modular control system design using serial communication with self-
diagnostic capability offers great reliability. For a typical 8 floor elevator the savings in machine room and shaft costs
with MonoSpace solution varies from Rs. 100,000 to 250,000 depending on size of the elevator and whether it is a
brick shaft or an RCC shaft.

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