KONE's Q1 Operating Profit Soars

29 Apr 2024 CW Team

The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry.

Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty.

Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide.

In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders.

Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

KONE, a leading global provider of elevators, escalators, and related services, has reported a significant increase in its operating profit for the first quarter of 2024. According to the latest financial report released by the company, KONE's operating profit surged by 10.1% to reach a staggering ?280 million, showcasing robust performance and strong operational efficiency amidst challenging market conditions. The impressive growth in operating profit reflects KONE's continued focus on innovation, customer-centric solutions, and operational excellence. Despite the ongoing economic uncertainties and disruptions caused by the global pandemic, KONE has demonstrated resilience and agility in navigating the evolving landscape of the industry. Key factors contributing to KONE's stellar performance in Q1 include its strategic investments in digitalization, sustainable technologies, and service enhancements. By leveraging advanced technologies and data-driven insights, KONE has been able to enhance the reliability, safety, and efficiency of its products and services, thereby driving customer satisfaction and loyalty. Furthermore, KONE's commitment to sustainability has been a key differentiator, resonating with environmentally conscious customers and stakeholders. The company's focus on eco-efficient solutions, energy-saving technologies, and carbon footprint reduction initiatives align with the growing demand for sustainable urban mobility solutions worldwide. In addition to financial growth, KONE has also made significant strides in expanding its global footprint and strengthening its market position. With a strong presence in over 60 countries, KONE continues to capitalize on emerging opportunities in both established and emerging markets, driving long-term value creation for its shareholders and stakeholders. Looking ahead, KONE remains optimistic about its prospects for the remainder of 2024 and beyond. The company remains committed to driving innovation, delivering exceptional customer experiences, and contributing to the sustainable development of urban infrastructure worldwide.

Infrastructure Urban

13 Oct 2025

Recycling Leaders Push for Policy Reforms in India

As India prepares for the largest recycling-focused event in its history, industry leaders are making a strong case for policy reforms to unlock the country’s circular economy potential. Ahead of the Bharat Recycling Show (BRS) 2025, co-located with Plastics Recycling Show (PRS) India, a high-level panel discussion in Mumbai spotlighted the urgent need for regulatory clarity, digital innovation, and integration of the informal sector.Held under the theme “Unlocking Circular Value: Regulatory and Market Trends in Recycling”, the panel brought together prominent voices from across the recy..

Infrastructure Energy

13 Oct 2025

Environmental Hearing Set for 1000 MW Naying Hydro Project

The environmental public hearing for the 1,000 MW Naying hydroelectric project will take place on November 12 at Yapik community hall in Shi-Yomi district, Arunachal Pradesh, officials confirmed. The run-of-the-river project on the Siyom (Yomgo) river is being developed by the North Eastern Electric Power Corporation (NEEPCO). Construction, including a concrete dam, underground powerhouse, and tunnel, is expected to commence around 2028, with commissioning planned by 2032. The project aims to generate approximately 4,966.77 GWh of electricity. The Naying project received Central Electricity ..

Infrastructure Energy

13 Oct 2025

India Achieves 490 MWh Energy Storage Capacity by June 2025

India’s cumulative energy storage capacity reached 490 MWh by June 2025, according to data released by the Central Electricity Authority (CEA). Of this, more than 85 per cent is associated with renewable energy projects, primarily solar and wind, reflecting the country’s accelerated shift towards grid stability and clean energy integration. The CEA report highlights that 16 energy storage systems are currently operational across 10 states, with major installations in Rajasthan, Gujarat, Karnataka, and Maharashtra. These include both standalone and co-located battery systems deployed by le..