Finland-based elevator and escalator major Kone Corporation will set up its second manufacturing plant in India in Tamil Nadu and add another 100 engineers in its R&D facility.
Kone Corporation President and CEO, Henrik Ehrnrooth, told on Thursday June 08,2017 that the plant in Tamil Nadu will be the second largest after the one in China. “We are investing increasingly in India. Our R&D centre is an important hub for us,” he said. Kone’s first plant is also based in Tamil Nadu.
For Kone Corporation, India is the second largest market globally after China. Its leads the market in both China and India. Its market share of 50,000 units per year in India is about 20 %