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Kone Elevator India opens Rs 450 cr factory in Chennai

Wednesday, 06 Nov 2019
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Kone Elevator India has opened a modern factory at Pillaipakkam in the Sriperumbudur industrial corridor near Chennai, Tamil Nadu.

Governor of Tamil Nadu Banwarilal Purohit inaugurated the new facility on 5 November 2019. The facility has been established at an investment of Rs 450 crore.

The new unit has been set up over an area of 50,000 sq mtr and is also the largest elevator production of Kone in the region. The unit will employ around 600 people. It will have a capacity to produce more than 50,000 units annually. The existing unit of Kone will be decommissioned and the new unit will produce all its elevators and escalators.

The new factory will meet the demands of India and neighbouring regions/countries such as West Asia, South-East Asia, Nepal, Bhutan, Bangladesh and Sri Lanka.

The company also operates research and development (R&D) centres in Chennai and Pune, employing 500 people.

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