KONE expands its operations in Allen, Texas

KONE expands its operations in Allen, Texas

ID: 479103

(Thomson Reuters ONE) -


KONE Corporation, press release, June 21, 2016

KONE, a global leader in the elevator and escalator industry, opens its newest
U.S. facility in Allen, Texas. The 16,000 square-meter facility houses KONE
Americas' supply operations with a light manufacturing unit, major project
engineering, research and development department, and other product and
installation support functions. The facility also features a 40-meter tall test
tower with six elevator shafts to evaluate prototypes and new components before
they go into production.

"As the world's population continues to urbanize and move into cities, there's a
growing demand for taller, smarter buildings and more innovative vertical
transportation solutions," said Larry Wash, Executive Vice President for KONE
Americas. "This new facility is evidence of our commitment to that need. We're
investing in our supply chain infrastructure, research and development, and
importantly, in our people, so we can support our growing North American
business."

Texas-based KONE employees will relocate from the former office location to the
new site, and the facility will boost the local economy, bringing as many as 80
new jobs to Allen. Jussi Oijala, Senior Vice President at KONE, will serve as
the Site Leader, driving KONE's vision for the facility.

"We're extremely proud to be growing our research and development, along with
manufacturing capabilities in Allen," Oijala said. "The additional office space
and improved testing facilities will accelerate our growth, and deliver
innovative People Flow® solutions for our customers."

The company also introduced its newest volume elevator, KONE MonoSpace® 500, to
the U.S. and Canadian markets. This machine room-less (MRL) elevator was
developed to make the best better, delivering even greater eco-efficiency,
better ride comfort and innovative design options. KONE pioneered the MRL




elevator technology twenty years ago. Today, KONE is an industry leader with
hundreds of thousands of applications of MRL elevators in use worldwide.

For images of the new facility, please go to bit.ly/KONEAllen

Related press releases are available at www.kone.com/press including:
June 21, 2016: KONE MonoSpace® 500 Elevator Launches in U.S. and Canada
December 2, 2015: KONE strengthens its high-rise innovation capabilities by
opening one of the world's tallest elevator test towers in China

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel.
+358 204 75 4330, media(at)kone.com

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 2015, KONE had annual net sales of EUR 8.6
billion, and at the end of the year close to 50,000 employees. KONE class B
shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com






This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: KONE OYJ via GlobeNewswire
[HUG#2022015]




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Datum: 21.06.2016 - 15:30 Uhr
Sprache: Deutsch
News-ID 479103
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