# Kone > Finnish company for lifts and escalators **Wikidata**: [Q1146592](https://www.wikidata.org/wiki/Q1146592) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Kone) **Source**: https://4ort.xyz/entity/kone ## Summary Kone is a Finnish public company specializing in the design, manufacture, and maintenance of elevators, escalators, and moving walkways. Founded in 1910 and headquartered in Vanha Munkkiniemi, Helsinki, it operates globally under the leadership of Antti Herlin. Kone is listed on the OTC Markets Group under the ticker KNYJF and employs approximately 12,000 people through subsidiaries like KONE Corporation. ## Key Facts - **Founded**: 1910 in Helsinki, Finland. - **Headquarters**: Vanha Munkkiniemi, Helsinki, Finland (Kartanontie 1). - **Legal Form**: Julkinen osakeyhtiö (public limited company) since March 6, 1998. - **Stock Exchange**: Listed on OTC Markets Group (ticker: KNYJF). - **Ownership**: Controlled by Antti Herlin. - **Subsidiaries**: Includes KONE Corporation and Kone (Switzerland). - **Industry**: Engineering, manufacturing elevators, escalators, and moving walkways. - **Employees**: Approximately 12,000 globally. - **Key Products**: Elevators, escalators, and moving walkways. - **Revenue**: €9.9 billion (2022). - **Notable Acquisitions**: Acquired by Konecranes in 1994; later spun off. - **Legal Entity Identifier**: 2138001CNF45JP5ZK38. - **ISIN**: FI0009000566. - **Finnish Business ID**: 1927400-1. - **EU VAT Number**: FI19274001. - **Social Media**: Active on Twitter (@KONECorporation), Instagram (corporationkone), and YouTube (UCbI8R4XXVdfq7ubefZtdTZA). - **Website**: https://www.kone.com/ (primary), with regional sites like https://www.kone.fr/. - **Awards and Recognition**: Member of the EURO STOXX 50 index. ## FAQs **What is Kone's primary business?** Kone designs, manufactures, and services elevators, escalators, and moving walkways globally, serving both new installations and modernization projects. **When and where was Kone founded?** Kone was founded in 1910 in Helsinki, Finland, initially operating as a subsidiary of a Finnish engineering firm. **Who owns Kone?** Antti Herlin is the primary owner of Kone, maintaining significant control over the company's operations and strategic direction. **What are Kone's key products and services?** Kone specializes in vertical transportation solutions, including elevators, escalators, and moving walkways, along with maintenance and modernization services. **Where is Kone listed on the stock market?** Kone is listed on the OTC Markets Group under the ticker symbol KNYJF, reflecting its status as a publicly traded company. **What are Kone's notable subsidiaries and partnerships?** Kone operates through subsidiaries such as KONE Corporation and Kone (Switzerland), collaborating with industry leaders like Konecranes in the lifting gear sector. ## Why It Matters Kone plays a critical role in global urbanization by providing efficient vertical transportation solutions, enabling the development of high-rise buildings and modern infrastructure. As a leader in the elevator and escalator industry, Kone drives innovation in sustainability and accessibility, contributing to safer, more connected cities worldwide. Its global presence and commitment to technological advancement underscore its significance in the engineering and manufacturing sectors. ## Notable For - **Global Market Leadership**: One of the world's largest elevator and escalator manufacturers. - **Innovation in Sustainability**: Develops energy-efficient solutions and carbon-neutral technologies. - **Historical Significance**: Evolved from a Finnish engineering firm into a multinational corporation. - **Strategic Acquisitions**: Merged with Konecranes in 1994, later restructuring to focus on core vertical transportation solutions. - **Diverse Product Portfolio**: Offers customized solutions for various applications, from residential buildings to commercial complexes. ## Body ### History and Evolution Kone was established in 1910 in Helsinki, Finland, initially focusing on industrial machinery. Over the decades, it expanded into elevator manufacturing, driven by urbanization trends. A pivotal merger with Konecranes in 1994 strengthened its market position, though the companies later separated to focus on core competencies. Today, Kone operates as a standalone entity, maintaining its headquarters in Vanha Munkkiniemi, Helsinki. ### Corporate Structure and Ownership Kone is structured as a julkinen osakeyhtiö (public limited company) and is listed on the OTC Markets Group. Antti Herlin, a prominent Finnish businessman, holds significant ownership and influence over the company. This structure supports Kone's global operations, with subsidiaries like KONE Corporation managing regional activities. ### Products and Services Kone's product line includes elevators, escalators, and moving walkways, designed for energy efficiency and durability. The company emphasizes customization, offering solutions tailored to residential, commercial, and industrial environments. Beyond manufacturing, Kone provides maintenance, modernization, and repair services, ensuring long-term functionality of installed systems. ### Global Presence and Impact With operations spanning over 50 countries, Kone contributes to infrastructure development in urban centers worldwide. Its products are integral to iconic structures, reflecting the company's role in shaping modern skylines. Kone's commitment to sustainability aligns with global environmental goals, reducing energy consumption in buildings through advanced elevator technologies. ### Innovation and Technology Kone invests heavily in research and development, focusing on smart building integration and IoT-enabled solutions. The company's innovations, such as machine-room-less elevators and AI-driven traffic management systems, enhance user experience and operational efficiency. Collaborations with technology partners further drive advancements in vertical transportation. ### Memberships and Recognition Kone is recognized as a member of the EURO STOXX 50 index, highlighting its economic significance. The company adheres to international safety and quality standards, maintaining certifications such as ISO 9001. Kone's contributions to engineering excellence are acknowledged through industry awards and partnerships with architectural and construction firms. ### Social Responsibility and Sustainability Kone prioritizes sustainability, aiming to minimize its environmental footprint through energy-efficient products and circular economy practices. The company's carbon-neutral initiatives and waste reduction programs reflect its dedication to corporate social responsibility. Kone also promotes accessibility, designing solutions that comply with global disability standards. ### Financial Performance and Market Position As of 2022, Kone reported revenues of €9.9 billion, underscoring its financial stability and market influence. The company's stock performance on the OTC Markets Group and its inclusion in major indices demonstrate investor confidence. Kone's strategic focus on emerging markets and technological innovation positions it for continued growth in the vertical transportation sector. ### Cultural and Historical Significance Kone's evolution mirrors Finland's industrial growth, transitioning from a local manufacturer to a global leader. The company's heritage is preserved through archival collections, such as the Art Institute of Chicago, which documents its design and engineering milestones. Kone's brand identity, symbolized by its logo and corporate values, emphasizes reliability and innovation. ### Legal and Regulatory Compliance Kone operates under Finnish law, adhering to EU regulations and international trade standards. The company maintains transparency through its legal entity identifier (2138001CNF45JP5ZK38) and Finnish Business ID (1927400-1). Compliance with safety protocols and environmental regulations ensures Kone's credibility in global markets. ### Community Engagement and Education Kone engages in educational initiatives, collaborating with institutions like Aalto University to advance engineering expertise. The company supports urban development projects, promoting sustainable infrastructure through partnerships with municipalities and real estate developers. Kone's outreach programs foster public awareness of vertical transportation's role in modern cities. ### Challenges and Future Directions Kone addresses industry challenges such as urbanization pressures and climate change by prioritizing sustainable innovation. The company invests in digitalization and smart technologies to meet evolving demands for efficient, connected buildings. Future strategies include expanding into emerging markets and enhancing product integration with smart city ecosystems, solidifying Kone's position as a leader in vertical transportation solutions. ## References 1. [Source](https://www.lobbyfacts.eu/datacard/kone-corporation?rid=390498234996-75) 2. KANTO 3. Google Knowledge Graph 4. Freebase Data Dumps. 2013 5. GRID Release 2017-04-04 6. [Source](https://apps.db.ripe.net/search/lookup.html?source=ripe&key=2a03:8180:1401:109::/64&type=inet6num) 7. YouTube API