You are here: Home » PTI Stories » National » News
Business Standard

KONE India launches energy-efficient elevators

Press Trust of India  |  Chennai 

: and company today launched new range of models in midrange segment that can save upto 35 per cent.

Corporation, President and CEO, Henrik Ehrnrooth, India, Managing Director, formally unveiled the new range of models at an event here.

The U MonoSpace and U MiniSpace for the mid- range segments would further help the company strengthen competitiveness in the new equipment market, Ehrnrooth said.

A that would showcase the latest technology and development of was also launched on the occasion, a company statement said.

"This new range of elevators will help us further strengthen our competitiveness in the new equipment market, in what is presently the second largest in the world, after China," Ehrnrooth said.

The new range of elevators are upto 35 per cent more efficient than the earlier variants, he said.

The company said the second manufacturing unit being set up at near Chennai was expected to be ready by mid-2019.

India currently has a production unit near Chennai which produces elevators for the domestic market and also to Bangladesh, and The company has over 40 branches and employs about 4,500 people, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 17:00 IST