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The activities of the machine-building holding KONE in Russia will be terminated

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KONE Corporation, the world leader in the production of elevators and escalators, has decided to leave the Russian market.

The activities of the machine-building holding KONE in Russia will be terminated

The Russian division of the company, KONE Lifts JSC, will hand it over to top managers. After that, KONE's activities in Russia will be terminated. The company has been operating in Russia and the USSR since 1935.

“The company will carry out all necessary activities as part of the maintenance of elevators and escalators operated in Russia and will continue to fulfill its obligations for equipment warranty service. Despite the change of ownership, the company will complete all open projects under execution - the work will be completed and the equipment will be handed over to customers. From the date of signing the agreement on the sale of the business and for a period of three months after the closing of the transaction, the Russian company will resume the supply of spare parts to ensure the uninterrupted and safe operation of the installed KONE electric lifting equipment,” the message says.

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