KONE Wins a Major Order for Shanghai International Financial Centre

KONE Wins a Major Order for Shanghai International Financial Centre

October 17, 2007

    SHANGHAI, China, Oct. 17 /Xinhua-PRNewswire/ -- 

    KONE has received a major order from Sun Hung Kai
Properties Group to supply and install 99 elevators and
escalators for the new Shanghai International Finance
Centre (IFC) in the heart of the Lujiazui financial centre
in Pudong, the most flourishing business hub of Shanghai,
China.

    The Shanghai IFC will be equipped with 84 KONE
MiniSpace(TM) and 11 KONE MonoSpace(R) elevators, and four
KONE double-deck elevators, which will be the first of its
kind installed in China. When installed, the fastest
elevators will travel up to speeds of 8.0m/s and the
highest traveled distance will be roughly 250 meters.
Installation of the equipment will begin in November 2007
and is scheduled to be completed in 2009.

    "We are very pleased to have won an order for the
Shanghai IFC building, which will surely become a beacon of
Shanghai's thriving economy," Pekka Kemppainen, KONE
Area Director for Asia-Pacific. "We are happy to work
with Sun Hung Kai Properties Group on this order, which
will improve KONE's presence in the Chinese market."

    The Shanghai IFC will be a new international landmark
of China. The integrated commercial complex will comprise
of three towers, including twin towers measuring 260 meters
and 250 meters respectively, as well as another 85-meter
tower. It will host grade-A offices, two hotels managed by
Ritz-Carlton and W Hotels, as well as a top-end mall with
an array of international retailers. The project is
scheduled to be completed in different phases from mid 2009
to 2010. 

    The building owner and developer, Sun Hung Kai
Properties Group, is one of the largest property companies
in Hong Kong, developing all types of premium residential
and commercial projects for sale and investment. 

    About KONE

    KONE is one of the world's leading elevator and
escalator companies. It provides its customers with
industry-leading elevators and escalators, with innovative
solutions for their maintenance and modernization. KONE
also provides maintenance of automatic building doors. In
2006, KONE had annual net sales of EUR 3.6 billion and
approximately 29,000 employees. Its class B shares are
listed on the OMX Nordic Exchange in Helsinki, Finland.

    http://www.kone.com


    For more information, please contact:

     Minna Mars, SVP
     Corporate Communications & IR
     Tel:   [phone]
            [phone]