KONE wins super high-rise order in Chongqing, China

March 12, 2013

KONE Corporation, press release, 12 March 2013

KONE has won an order for 94 lifts and 36 escalators to be installed in the super high-rise tower, two lower towers and podium of the Chongqing International Trade and Commerce Center under construction in Chongqing, Southwest China. The deal includes seven KONE DoubleDeck lifts, 64 KONE MiniSpace(TM) lifts, 23 KONE S MonoSpace® lifts, 36 KONE TravelMaster® escalators and the KONE E-Link remote monitoring system.

Once completed, the Chongqing International Trade and Commerce Center's tallest tower will rise to a height of 468 metres and stand on the banks of the Jialing River like a gigantic unfolding sail. The 105-storey tower will be home to the world's highest-travelling KONE lift to date - a KONE MiniSpace that will travel to a height of 452 metres.

"We are very excited that this super high-rise tower in Chongqing will house a KONE lift that can transport people 98 storeys in one continuous journey - the highest-travelling KONE lift to date! We have worked closely with the customer to ensure the best possible and ecologically most sound People Flow® solutions for this landmark project in this rapidly urbanising city", said William B. Johnson, Executive Vice President for KONE Greater China.

In addition to the super high-rise tower, which includes premium offices and a five-star hotel, the Chongqing International Trade and Commerce Center includes a 47-storey office building, a 39-storey luxury serviced apartment building and a shopping mall podium. The total floor space of the buildings will exceed 680,000 square metres, and construction is expected to be completed in April 2017.

KONE's eco-efficient solutions were a key consideration for the project as the Chongqing International Trade and Commerce Center is aiming for Gold-level LEED certification. The LEED framework is intended to provide a framework for identifying and implementing practical and measurable solutions for green building design, construction, operations and maintenance.

The main contractor of the project is Chongqing Shui On Tiandi Property Development Co. Ltd., a subsidiary of Hong Kong-based Shui On Land. The architects of the project are P&T, ARUP, KPF, and Benwood.

The order was booked in the fourth quarter of 2012.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

Previous press releases on KONE's orders are available at www.kone.com/press

About KONE

KONE is one of the global leaders in the lift and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading lifts, escalators and automatic building doors as well as innovative solutions for modernisation and maintenance. The company'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 urbanising environment. In 2012, KONE had annual net sales of EUR 6.3 billion and around 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.