Tuesday, August 18, 2015

KONE selects Damco as global logistics partner

Espoo, 18 August 2015 – KONE, a global leader in the elevator and escalator industry, and Damco, one of the world’s leading third party logistics providers, have signed a Global Transportation agreement appointing Damco as their global logistics partner for shipping KONE’s elevators, escalators and spare parts to selected overseas destinations.

KONE is seeing increasing global demand for its products, and needed a reliable logistics partner to support their projects in both developed and emerging markets. The services Damco provides to KONE include Ocean freight and Landside services.

“We recognise that Damco is one of the world’s leading supply chain experts,” says Aki Latvanne, Category Manager Logistics sourcing, KONE. “We are convinced that Damco has the expertise, experience and resources to further engage in optimising our supply chain in order to ensure we continuously meet our global customers’ delivery expectations.”

“KONE selected Damco amongst others because of our past delivery performance and unique global account structure,” says Rene Fjord, Damco Global Account Director. “Our expertise and global footprint fits KONE’s requirements well and we have full confidence that we through our partnership can continuously assist KONE to increase the efficiency of their supply chain performance.”

About Damco

Damco, one of the world’s leading third party logistics providers, specialises in delivering customised freight forwarding and supply chain solutions. The company has more than 300 offices in over 100 countries and employs 11,000+ people. In 2014, Damco had a net turnover of USD 3.2 billion, managed 2.9 million TEU of ocean freight and supply chain management volumes, and air-freighted 190 thousand tonnes. Damco is part of the Maersk Group.

About KONE

KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7.3 billion, and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland. www.kone.com