KONE to deliver people flow solutions to 10-tower mixed-use development in Wuhan, China

KONE Corporation, press release, November 15, 2013

KONE, a global leader in the elevator and escalator industry, has won an order for a 10-tower mixed-use development rising in the commercial center of Wuhan City, the capital of Hubei province in China. Located on the banks of the Yangtze River, Wuhan Hualou Street I and 2 will comprise of nine luxury residential buildings placed on top of commercial podiums, as well as an office building.

The residential towers will rise to 174 meters, with the lowest floors dedicated to shops, restaurants, and other commercial uses, and floors 3-57 serving as homes. Forty-seven KONE MiniSpace(TM) elevators, seven KONE 3000S MonoSpace® elevators, and 10 KONE TransitMasterTM 120 outdoor escalators will enable smooth people flow for residents and shoppers in the buildings.

Eleven KONE DoubleDeck elevators traveling at a maximum speed of 7 meters/second will serve the 187-meter-high office builiding, which will have 42 stories above ground level. The office tower will also house two KONE MiniSpace(TM) elevators and six KONE TravelMasterTM 110 indoor escalators. The entire mixed-use development will contain 599,300 square meters of floor space on a 115,000-square-meter plot of land, making it the biggest luxury waterfront landmark in the city. KONE E-link will enable the remote monitoring of all equipment on the site.

"We are delighted to deliver our eco-efficient people flow solutions to this major development. KONE's growth in China has expanded from what we call tier one cities, such as Shanghai, to tier two cities such as Wuhan, and this order further strengthens our presence," said William B. Johnson, Executive Vice President for KONE Greater China.

The commercial section of the development is expected to be completed in December 2013, with the other buildings due for completion in 2015. The architects are Central South Architectural Design Institute Co, Ltd, Aedas, and Wuhan Construction Engineering Research & Design Co. Ltd. The main contractor is Hutchison Whampoa properties Co, Ltd.

The order was booked in the third quarter of 2013.

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

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

- Sep 6, 2013 KONE to supply elevators and escalators to Luneng Lingxiucheng commercial complex in Shandong province, China
- Sep 3, 2013 KONE wins an order for elevators and escalators at the Dazhongli development in the heart of Shanghai's commercial district in China
- July 3, 2013 KONE to supply elevators and escalators for China's tallest twin towers

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization 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 urbanizing 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.
www.kone.com