KONE commissions Rs 450 crore manufacturing unit near Chennai

KONE Elevator India Pvt Ltd has inaugurated a new elevators-making unit near Chennai. The Rs 450 crore facility will employ around 600 people.

A wholly-owned subsidiary of KONE Corporation, KONE Elevator India Pvt Ltd’s new plant will majorly focus on the Indian market.

Elevators manufactured here will also be exported to neighbouring countries such as Nepal, Bhutan, Bangladesh, and Sri Lanka.

According to Henrik Ehrnrooth, President & CEO, KONE Corporation, the expanded facility will help the company cater better to its customers, apart from as meeting the demands for a growing elevator market in India and in neighbouring countries.

Spread across 50,000 sq metres, the new elevator manufacturing unit is the largest in this region. The factory is equipped with the latest technology in production, reinforcing KONE’s customer-focused strategy to provide the most competitive, highest quality products with short delivery time.

Image Credit : thehindu.com

Research Desk

Next Post

Wheels India Ltd to set up cast aluminium wheel plant near Chennai

Thu Nov 7 , 2019
Wheels India Ltd has said it is setting up a cast aluminium wheel plant in Thervoy Kandigai, near Chennai. The plant, which is coming up at an investment of Rs 140 crore, is expected to start operations next year. The company said in a statement that the plant will have […]
Wheels India


Blog Stats