The elevator industry is facing the end of China's construction boom and high inflation. 35% of Kone's sales were from China in 2021.

Elevator maker Kone (KNEBV.HE) said on Thursday its order bookings in China were growing again, though it still faced price pressures in the world's biggest elevator market. Soft demand and price ...

China is both a threat and an opportunity to KONE. China has the world's largest elevator and escalator market.

Introduction & Market Context Finnish elevator and escalator manufacturer KONE Oyj (HE: KNEBV) presented its Q1 2025 interim report on April 30, 2025, highlighting solid performance driven by ...

Kone’s North American segment also saw strong declines in new installations (above 10% decline), while Europe remained flattish and Asia-Pacific (excluding China) performed very strongly, at ...

Kone’s refreshed strategy strikes us as sensible in light of key changes afoot within the global elevator and escalator market, which include structural headwinds in China’s new elevator ...

HELSINKI (Reuters) -Reduced liquidity in the Chinese property sector and rising supply chain costs are expected to weigh on 2022 profits, elevator maker Kone said on Wednesday, as it reported a ...

Finnish elevator maker Kone's second-quarter orders missed market forecasts on Thursday due to weaker than expected demand in its key Chinese market, sending its shares down 4%.

Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to lower-than-expected second quarter sales and weakened new equipment market outlook in China.

At a time of uncertainty among investors and business leaders about China’s growth prospects, Finnish elevator giant Kone’s country chief has his own time-tested approach to sizing up the ...

Finland-based engineering firm Kone reported a surprise rise in second-quarter profit on Friday helped by recovering demand for elevators and escalators in China.

HELSINKI, Jan 24- Finnish elevator maker Kone warned its sees no growth or a decline in orders this year from China, its main market, adding to.