The coronavirus pandemic has led to the shutdown of many industrial and residential construction projects, cutting demand for elevator equipment. Kone’s CEO, Henrik Ehrnmooth, has noted though that the firm’s “supply chain has remained robust”, ensuring continued maintenance work. U.S. imports linked to Kone fell 16.6% year over year in the three months to Feb. 28, though shipments from Europe increased by 7.8% in Q1. Imports of elevator equipment more broadly to the U.S. fell 18.9% year over year in Q1 in part due to tariffs on imports from China. Shipments to firms from other origins i...