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In 2014, Kone was ranked 42nd in the world by the business magazine Forbes. This was the fourth consecutive year Kone was recognized in this ranking. 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. [11] In 2018, Kone was 59th on Forbes' list. [11]
Montgomery Elevator: Acquired by Kone, Canadian division in 1985 and U.S. division in 1994. Marshall Elevator: Sold to Otis; Schweizerische Aufzügefabrik AG; Thyssen AG: Merged with Krupp and became ThyssenKrupp in 1999, with subsidiary ThyssenKrupp Elevator AG; ThyssenKrupp Elevator AG announced in 2021 a name change and rebranding to TK ...
Currently, Schindler Elevator Corporation, the United States operations of Schindler Group, is based in Morristown, New Jersey. [7] In February 2007, Schindler, along with competitors Otis Elevator Co., ThyssenKrupp, Kone, and Mitsubishi Elevator Europe were fined by the European Union for a price-fixing cartel. Schindler was fined 144 million ...
A Kone-Thyssenkrupp Elevator merger would create the world's biggest lift maker, leapfrogging market leader Otis, owned by United Technologies <UTX.N>, and Schindler in second place. Thyssenkrupp ...
In 1988 the crane business was combined into the KONE Cranes Division. [7] KONE Cranes Division remained an integral component of Kone until the year 1994. In February of that year, Kone made a strategic decision to refocus its efforts on the elevator business, leading to the divestiture of the crane division into an independent entity.
Kone (Montgomery) Test Tower (former) [26] Kone, Montgomery Elevator: Moline, Illinois, United States 180 ft (55 m) 1966 It is considered a city landmark by residents and former Montgomery employees. 27 Otis Test Tower [27] Otis: Florence, South Carolina, United States 152 ft (46 m) 2013 28 Emlak Konut Elevator (EKA) Test Tower [28] Emlak Konut ...
The equipment is otherwise similar to that of a normal traction or hole-less hydraulic elevator. The world's first machine-room-less elevator, the Kone MonoSpace, was introduced in the year 1996, by Kone. Compared to traditional elevators, it: Required less space; Used 70–80% less energy
In February 2007, European Union regulators fined Otis Elevator €225 million (US$295.8 million) for being part of a price-fixing cartel in the Belgian, Dutch, Luxembourg, and German markets. Competitors ThyssenKrupp, Schindler Group, KONE, and Mitsubishi Elevator Europe were also fined for participating in the same cartel. [38]