A report on KoneOtis Worldwide and Cartel

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
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Flags at Kone corporate headquarters, built in 2001 in Keilaniemi, Espoo, Finland
An Otis escalator
Kone UltraRope in elevator shaft
Kone EcoDisc motor

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.

- Otis Worldwide

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

- Otis Worldwide

Competitors ThyssenKrupp, Schindler Group, Otis Elevator Co. and Mitsubishi Elevator Europe were also given similar fines.

- Kone

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

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