A report on Cartel and Kone

Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910
The printing equipment company American Type Founders (ATF) explicitly states in its 1923 manual that its goal is to "discourage unhealthy competition" in the printing industry.
The former Kone corporate offices in Munkkiniemi, Helsinki
Flags at Kone corporate headquarters, built in 2001 in Keilaniemi, Espoo, Finland
Kone UltraRope in elevator shaft
Kone EcoDisc motor

In total, the industry received a 1 billion EUR fine for cartel activity across Belgium, Germany, Luxembourg and the Netherlands.

- Kone

Between 1995 and 2004, several of the largest elevator manufacturers operated a market-rigging cartel, including ThyssenKrupp, Kone, and Otis, which were fined by the European Union in 2001.

- Cartel
Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910

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Otis Worldwide

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American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.

American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.

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An Otis escalator

In February 2007, European Union regulators fined Otis Elevator €225 million (US$295.8 million) for being part of a price-fixing cartel in the Belgian, Dutch, Luxembourg, and German markets.

Competitors ThyssenKrupp, Schindler Group, KONE, and Mitsubishi Elevator Europe were also fined for participating in the same cartel.