Kone in the context of Pekka Herlin


Kone in the context of Pekka Herlin

⭐ Core Definition: Kone

Kone Oyj (Finnish pronunciation: kone]; officially known as KONE and trading as KONE Corporation) is a Finnish multinational elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Helsinki, Finland, with its corporate offices located in Espoo. In addition, Kone builds and services moving walkways (referred to by the company as autowalks), automatic doors and gates, escalators, and lifts. In the Finnish language, Kone means "machine".

Since 1924, Kone has been controlled by the Herlin family. Harald Herlin purchased the company in 1924 and served as its chairman until 1941. Afterward, his son, Heikki H. Herlin, took over his father's post from 1941–1987. In 1954, Pekka Herlin joined Kone and succeeded his father as president in 1964. Since 2003, Antti Herlin, the son of Pekka Herlin, has been its chairman. As of December 2019, Antti Herlin controls 62% of the voting rights and 22% of the shares of the company, which is listed on Nasdaq Helsinki.

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Kone in the context of Moline, Illinois

Moline (/mˈln/ moh-LEEN) is a city in Rock Island County, Illinois, United States. With a population of 42,985 in the 2020 census, it is the largest city in Rock Island County and the ninth-most populous in Illinois outside the Chicago metropolitan area. Moline is one of the Quad Cities at the confluence of the Rock and Mississippi rivers, along with neighboring East Moline and Rock Island in Illinois and the cities of Davenport and Bettendorf in Iowa. The Quad Cities metropolitan area had a population of approximately 380,000 as of 2023.

Moline was established in 1843. The name derives from the French moulin meaning "mill [town]". The corporate headquarters of Deere & Company is located in Moline, as was Montgomery Elevator; its acquirer Kone has its U.S. division headquartered in Moline. Quad Cities International Airport, Black Hawk College, and the Quad Cities campus of Western Illinois University-Quad Cities are located in Moline. It is a retail hub for the Illinois Quad Cities, as South Park Mall and numerous big-box shopping plazas are located in the city. Moline's downtown serves as one of the civic and recreational hubs of the region as many events take place at the 12,000-seat Vibrant Arena at The MARK and at John Deere Commons.

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Kone in the context of Montgomery Elevator

Montgomery Elevator Company was a vertical transportation company founded in 1892, but entered the elevator business in 1910, acquired Roelofson Elevator of Galt, Ontario in the early 1960s and operated it as its Canadian Division. Montgomery manufactured elevators, escalators, and moving walkways until 1994, when it was acquired by KONE.

Montgomery was the 4th-largest elevator company in the U.S. at the time.After Montgomery was acquired, they worked with KONE to make elevators and escalators under the brand name Montgomery KONE, but only for 6 years until the full integration into KONE US in 2000.

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