Kone Elevator – India & South Asia Managing Director Amit Gossain and Kone Corp. President and CEO Henrik Ehrnrooth introduced the inauguration of elevator testing tower at Sriperumbudur on Wednesday and the trial manufacturing of escalators.
Kone Elevator India expects to put up a 15% growth throughout calendar yr 2023, regardless of market constraints, mentioned Managing Director Amit Gossain.
“So far, we have posted 15% growth year-on-year in the escalator business and this is over and above the industry growth of 10%,” he advised the media.
“We hope to maintain the growth rate for the remaining months also. Currently, Kone India has a market share of 25% in the elevator business,” he mentioned.
The firm is all set to inaugurate its ₹100-crore elevator testing facility, together with tower and labs, at Sriperumbudur on Wednesday, mentioned President and CEO Henrik Ehrnooth.
According to him, the check tower accommodates a number of shafts, a lot of which may very well be reconfigured for testing new excessive and mid-rise options and laboratories for the elevator and escalator parts’ testing.
“India and China are the only two facilities that are capable of producing both escalators and elevators at the same facility. Initially, the product will be made for the Indian market and later it could be exported,” mentioned Mr. Ehrnooth.
Mr. Gossain introduced that Kone India’s Sriperumbudur facility would begin producing escalators. In the primary yr, pilot run and testing can be carried out. Next yr, we’ll localise manufacturing and would produce couple of tons of.
“The Sriperumbudur facility was inaugurated during 2019. At that time, we had invested a huge sum for making escalators and elevators. Hence, it will be difficult to state how much is invested for escalators,” he mentioned.
