KONE Corporation has decided to build an elevator component supply unit in the Czech Republic in order to ensure production capacity for new elevators in Central Europe.
The supply unit will be located in Ústí nad Labem, a city with 100,000 inhabitants in the northwestern Czech Republic. The city is logistically well situated with good connections to major Central European highways. The upcoming membership of the Czech Republic in the European Union affected the investment decision.
In the first phase the unit will employ 60 people. The supply unit will start the production at the end of 2004.
Secretary to the Board of Directors
Executive Vice President,
Finance and Information Services
For further information, please contact:
Pekka Kemppainen, Executive Vice President, New Elevator & Escalator Business,
tel. +358 (0)204 75 4286
Franco Bergamini, Director, Global Supply Line, tel. +39 02 3395 2367
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.