Rycon Group appointed authorised distributor for TK Elevator in Nepal

KATHMANDU: TK Elevator, one of the world’s leading elevator companies, has appointed Rycon Group as its authorised distributor in Nepal to tap the booming elevator market of the country and further expand its market share. Rycon Group will be selling TK Elevator’s wide range of elevators, escalators and moving walks in Nepal. Rycon Group is a multi-faceted company, dedicated to providing quality products and best-in-class service in the vertical transportation industry. Since 2021, the company has ventured into various other segments such as property development, system aluminium windows, roofing solutions, multi-level car park systems, and road safety products. Talking about the strategic significance of this alliance, Manish Mehan, CEO & MD, TK Elevator (India) said, “As a global mobility solutions provider, TK Elevator strives to provide the best solutions and services to customers across the globe. By joining hands with the Rycon Group, a leading player in the industry with immense local expertise, I am confident that the synergistic benefits arising from the collaboration will boost our growth trajectory in Nepal in the coming time.” “With economic activities gradually picking up pace post-Covid 19, Nepal has started witnessing a boom in real estate activities.  The construction of large and prominent structures such as hotels and apartments has transformed the skyline of Kathmandu valley significantly. The construction of many towering government buildings, shopping complexes, corporate offices, and hotels is imminent. These realty developments will further boost the growth of the elevator market in Nepal,” said Mehan. Commenting about this association, Vivek Bathwal, Director, Rycon Group said, “We are delighted to represent TK Elevator, the leading German brand of elevator and escalator technology, known for its innovative, efficient, and reliable mobility solutions, to tap the burgeoning elevator market of Nepal.  There could not have been a better elevator company to represent in Nepal, but TK Elevator,” states Vivek Bathwal. Meanwhile, the elevator company has invited all to visit its stall L60 at Nepal Buildcon Expo scheduled to be held at Bhrikuti Mandap Exhibition Hall, Kathmandu, from Feb 23 to 26. With customers in more than 100 countries served by more than 50,000 employees, TK Elevator achieved sales of around €8 billion in the fiscal year 2020/2021. Over 1,000 locations around the world provide an extensive network that guarantees closeness to customers. Over the past decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent since its separation from thyssenkrupp AG in August 2020. READ ALSO: 

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