KONE to equip mixed-use development in Hangzhou, Zhejiang Province, China

March 24, 2015

KONE Corporation, press release, March 24, 2015

KONE, a global leader in the elevator and escalator industry, has won an order to supply 94 elevators and escalators to Hangzhou G.T. Land Plaza, a multi-use building situated in the city of Hangzhou, Zhejiang Province in Eastern China.

Designed by the internationally renowned SOM architecture company, Hangzhou G.T. Land Plaza contains a high-end hotel, office space, a shopping mall and serviced apartments. Located in an emerging central business district in Hangzhou, the building will feature three towers with 46 floors each.

To create a smooth ride experience that complements the architectural design and the expectations of the customer and the building visitors, KONE will deliver 32 KONE MiniSpace(TM) elevators, 20 KONE MonoSpace® elevators and 42 KONE TravelMaster(TM) escalators. The building will also feature KONE's Destination Control System and E-Link monitoring system for optimized people flow.

Hangzhou G.T. Land Plaza is developed by GaoDi (Hangzhou) Real Estate Development Co., Ltd and will be built by China Construction First Building Group Co., Ltd.

The order was booked in the fourth quarter of 2014.

Previously published press releases are available at www.kone.com/press including:
December 15, 2014: KONE to deliver intelligent people flow solutions to high-rise office buildings in Hunan Province, China
March 24, 2014: KONE to supply elevators to Zhonghai International Center in Chengdu, Sichuan Province, China
January 10, 2014: KONE to supply eco-efficient People Flow solutions to an office skyscraper in Tianjin's financial district

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

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