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  • 2003-08-11 KONE Materials Handling outsources production and marketing of hydraulic cylinders and tipping hydraulics to Hydrauto
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KONE Materials Handling outsources production and marketing of hydraulic cylinders and tipping hydraulics to Hydrauto

Press Release Published 11/08/2003

KONE Materials Handling is outsourcing production and marketing of hydraulic cylinders and tipping hydraulics to Sweden’s Hydrauto Group. The annual sales of the business total EUR 28 million.

Hydraulic cylinders and tipping hydraulics are manufactured in the Nummi Oy Ab plant in Perniö, Finland and the Nummi Cylinders AB plant in Ljungby, Sweden, which are part of the KONE Materials Handling division. The units employ approximately 270 people.

KONE Materials Handling has for some time, in addition to its own production, sourced hydraulic cylinders from Hydrauto and other suppliers. Through the outsourcing agreement, KONE Materials Handling’s cylinder purchases will be concentrated with Hydrauto and its range of cylinders will be developed and standardized in cooperation with this leading European supplier.

Sender:

KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Outi-Maria Liedes
Senior Vice President
Corporate Communications & IR

For further information, please contact:
Carl-Gustaf Bergström, President, KONE Materials Handling, tel. +358 (0)204 55 4999
Outi-Maria Liedes, Senior Vice President, Corporate Communications & IR, KONE,
tel. +358 (0)204 75 4501

KONE is a global service and engineering company that specializes in moving people and goods. Annual net sales total EUR 5,500 million, and we employ nearly 35,000 people. KONE's B shares are listed on the Helsinki Exchanges.

www.kone.com
www.nummi.fi