Case Kone
...its customers elevators and escalators, and solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of 3.6 billion € and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Stock Exchange Helsinki.
In 2006, KONE was implementing changes based on the revised strategy. KONE strengthened its customer focus and improved its product and service offering, which have taken significant steps forward in all market areas. At the moment KONE focuses also on raising the productivity. Among other actions, the industrialization of modernization, the renewal of a module-based maintenance method and efficient route capacity planning for field operations started to provide real results. With strategy to improve productivity KONE is optimizing its logistics network and centralizing its sourcing.
1.1 Market outlook
The global elevator and escalator market has changed significantly in the 21st century due to strong growth in China and some other developing countries. Over half of the world’s elevators and escalators are currently located in Europe, nearly 20 % in the U.S. and the rest in Asia and elsewhere in the world. However, it is Asia where new equipment sale are heavily concentrated, with more than 25 % of new elevators and half of new escalators being installed in China. On the other hand, the growth potential for repairs and modernizations is concentrated in Europe and North America due to wide and aging install base.
Urbanization and economic growth are continuing to increase the demand for new elevators and escalators and the related service in Asia, while economic growth and the need to modernize equipment and cater for aging populations is driving demand along with economic growth in Europe and North America. The industry is also affected by trends...
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