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  • 2007-02-06 Local Proceedings Regarding Anticompetitive Practices by Elevator and Escalator Companies in Austria
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Local Proceedings Regarding Anticompetitive Practices by Elevator and Escalator Companies in Austria

Stock Exchange Release Published 06/02/2007

KONE's Austrian subsidiary has been notified by the Austrian cartel court of the initiation of proceedings for the imposition of fines against companies operating in the Austrian elevator and escalator market including KONE's Austrian subsidiary. The case relates to alleged anticompetitive practices in the local market before mid 2004.

KONE has immediately initiated a thorough internal investigation.

Sender:

KONE Corporation

Klaus Cawén
Executive Vice President

Minna Mars
Senior Vice President
Corporate Communications & IR

For further information, please contact:

Klaus Cawén, Executive Vice President, tel +358 (0)204 75 4464
Minna Mars, Senior Vice President, Communications and IR, tel. +358 (0)204 75 4501

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and about 29,000 employees. Its class B shares are listed on the Helsinki Stock Exchange in Finland.

www.kone.com