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Kone

Kone
Company nameKone Oyj
Company typeJulkinen osakeyhtiö
IndustryEngineering and service
Founded1910
HeadquartersEspoo
Key peopleAntti Herlin (Chairman), Matti Alahuhta (President and CEO)
ProductsElevators, escalators, automatic building doors
Revenue-4.987 billion (2010)
Operating income-696.4 million (2010)
Net income-535.3 million (2010)
Total assets-3.245 billion (end 2010)
Total equity-1.601 billion (end 2010)
Employees33,755 (end 2010)

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Kone Oyj (officially typeset KONE and pronounced [koh-NEH]), founded in 1910 and headquartered in Espoo, Finland, is an international engineering and service company employing some 32,501 personnel worldwide. The firm is the fourth largest manufacturer of elevators worldwide, a leading manufacturer of escalators, and also provides maintenance services and modernization solutions. In addition, Kone builds and services automatic doors and gates. The company provides local service for builders, developers, building owners, designers and architects in 800 locations in over 40 countries. Since 1924, Kone has been owned by one of Finland's wealthiest families, the Herlin family. After Harald Herlin purchased the company in 1924, he served as its Chairman until 1941. Afterwards, his son, Heikki H. Herlin, took over his father's post from 1941 - 1987. Control of the company was then handed down to his son, Pekka Herlin, which he retained from 1987 - 2003. The current Chairman of Kone's Board of Directors from 2003 onwards is Antti Herlin.


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