KONE Announces 50% Energy Reduction In Its Volume Elevators

Top Quote KONE Elevators Achieves Its Ambitious Global Target. End Quote
  • (1888PressRelease) November 25, 2010 - KONE, one of the leaders in elevator and escalator industry, is proud to announce that it has achieved its 50% energy reduction target for new elevators. The ambitious global target was set in 2008 and covers the clear majority of KONE elevators delivered globally.

    By reducing the energy consumption of elevators, KONE seeks to reduce the environmental impact of buildings which account for 40 percent of global energy consumption. KONE's new range of volume elevators that are currently offered consume 50 percent less energy than the typical KONE elevator configuration from 2006. Today, KONE's European volume elevators consume 60 percent less energy, Asian volume elevators consume 50 percent less and US volume elevators consume 40 percent less energy.

    Since its commercial launch, the KONE MonoSpace elevator family has cumulatively saved the electricity production equivalent of a typical power plant. This figure represents avoiding the consumption of two million barrels of oil, or the emissions of 100,000 cars driving around the world.

    The reduction has been achieved by new technologies developed by KONE and its suppliers, such as more efficient motors, the use of regenerative technologies that recover the energy from ascending and descending elevators as well as more efficient lighting and standby solutions.

    For example, the KONE EcoDisc hoisting machine consumes 50-70 percent less energy than conventional elevator motors. A vector-controlled regenerative drive is a new technology KONE has introduced that recovers braking energy and supplies it to the building's power network. Regenerative drives can recover up to 35 percent of an elevator's total energy consumption. Additionally, most of KONE's new elevators have LED lights that use up to 80 percent less energy than conventional halogen lighting solutions.

    "I am proud that we have set ourselves a challenging target and focused our efforts into achieving it. We truly feel that our energy-efficient elevators are a significant improvement for our customers," says Mr. Neeraj Sharma, Managing Director, KONE Elevator India Private Limited.

    KONE's measurement process follows the VDI 4707 guidelines published by the German Association of Engineers (VDI), who aim at classifying elevators based on building type and energy consumption. The energy consumption of an elevator depends on a building type, number of starts, speed and load.

    About KONE
    KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2009, KONE had annual net sales of EUR 4.7 billion and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial anniversary in 2010.

    About KONE India:

    KONE started business in India more than 20 years ago and is today one of the largest elevator company's in the Indian elevator market. It employs about 2800 people in the country, today.

    KONE's factory in Chennai produces elevators for the Indian market with some exports to Bangladesh, Nepal and Sri Lanka. Chennai additionally forms a base for modernization in other Asian-Pacific markets such as Australia, Singapore and Malaysia. The factory has a training center where KONE's installation engineers and field mechanics are trained to meet KONE India's strong reputation for high quality and non-compromised safety, as well as the expectations of Indian customers, when installing and maintaining elevators and escalators.

    KONE operates all around India through its 40 branches. The main business opportunities are in the big metropolitan areas such as Delhi, Bangalore, Mumbai and Chennai.

    Although KONE's Indian operations were established to meet local demands, KONE Elevator India's role in growing year by year and India clearly has a lot of potential to develop into an export base for other Asian markets. In terms of engineering and global software, KONE India already forms an integral part of KONE's global business network, providing services for KONE business units in Europe, North America and Asia.

    KONE actively contributes to local social development through its community involvement. KONE supports a child-care center and a consulting service for local mothers in Ayanambakkam Village that provides information about children's diets and other important issues including vaccination programs. KONE also sponsors one local secondary school and participates on a needs basis in emergency and local infrastructure improvement programs together with other local companies.

    For further information, please contact:

    Sreelakshmi Menon, Director - Marketing & Communications, KONE Elevator India Private Limited - +91 8056041205; Corporate.communications ( @ ) kone dot com

    Sunil Devidas, Ogilvy Public Relations, Chennai, Ph: +91 99624 77688

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