Company wins order for new metro line in China
In 2022, Kone announced that it had been selected as the winning bid to supply the new Zhengzhou metro line in China, from Zhengzhou airport to?Xuchang. The contract will include a broad suite of Kone solutions, including the installation of 37 elevators, 195 escalators?and four autowalks. The contract also includes two years of Kone maintenance services. The order, which was originally booked in 2021, has seen the company begin the delivery of its products during the first quarter of 2022.
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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