KONE India 2nd plant to serve domestic and South Asian markets

Elevator and escalator maker KONE India is setting up its second manufacturing unit near here for the domestic and South Asian markets, a top official said.

"The facility, which does not require fixed investments, will cater to all segments of the market. It will be a world class facility to serve India and South Asian markets. As the markets pick up we will enhance capacity, investments and manpower," KONE India Managing Director Amit Gossain told PTI.

The second facility is coming up at neighbouring Sriperumbudur and is expected to be ready by mid-2019.

KONE India currently serves to segments of real estate market -- including residential, retail, hospitality and commercial segments.

KONE India has an existing unit at nearby Ayanambakkam that can be altered based on the market demand on production of elevators.

The existing unit, besides serving the domestic market, also serves Bangladesh, Nepal and Sri Lanka.

Claiming that the company was a pioneer in developing eco-efficient, sustainable solutions for urban development, he said, "Our customers look for reliable and safe solutions which are easy to use. KONE India focuses in understanding and delivering this, right from the day of its inception."
Asked how much KONE India contributes to the group, he said, "at the moment it is not very substantial."