KONE wins an order for elevators and escalators at the Dazhongli development in the heart of Shanghai's commercial district in China

KONE Corporation, press release, September 3, 2013

KONE has won an order for 108 elevators and 57 escalators at Dazhongli, a mixed-use development on Shanghai's flourishing commercial street, West Nanjing Road. Located close to an existing and two planned metro lines, Dazhongli is expected to become a landmark business, leisure and entertainment venue in China's most populous city.

The order includes 58 KONE MiniSpace(TM) elevators, 49 KONE MonoSpace® elevators, one KONE TranSys(TM) vehicle elevator, and 57 KONE TravelMaster® escalators. These solutions are industry-leading in terms of eco-efficiency. The elevators are equipped with KONE EcoDisc® hoisting machines, highly efficient drives, enhanced standby solutions and LED lighting, contributing to significant reductions in energy consumption. KONE Direct Drive, an innovative escalator drive system, consumes less electricity than standard drives on the market. Equipment performance will be monitored using the KONE E-Link monitoring system.

Covering a land area of some 63,000 square meters, Dazhongli will comprise two office buildings, a high quality shopping mall and three luxury hotels, with a gross floor area of 323,000 square meters. The taller office tower at Dazhongli will be KONE's tallest reference in Shanghai Puxi, the city's historic cultural, residential and commercial center.

"We are excited to deliver our People Flow® solutions to this major project in the heart of Shanghai's commercial and cultural hub. The smooth flow of people will be of great importance at this busy new site, and our solutions will enable it to be as eco-efficiently as possible," said William B. Johnson, Executive Vice President for KONE in Greater China.

The Dazhongli project is expected to be completed in phases from 2016 onwards. The investors and developers are HKR International Limited and Swire Properties Limited, each with a 50-percent stake, while the consultants for the project are WOY(architect), AECOM (structural consultant), and PBA (electrical consultant). The main contractor is Shanghai Construction Group.
The order was booked in the second quarter of 2013.

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 including:

Jul 3, 2013 KONE to supply elevators and escalators for China's tallest twin towers
Mar 21, 2013 KONE solutions to enable smooth flow of people in Hainan Tower, China

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