KONE wins order for luxury apartment tower development in Indonesia

KONE Corporation, press release, June 1, 2016

KONE, a global leader in the elevator and escalator business, has won an order for 65 elevators and escalators to be installed at the six residential towers and retail center of the Taman Anggrek Residences under construction in Jakarta, Indonesia.

Located in the Taman Anggrek area, known for its shopping malls and luxury housing, the development is connected to Taman Anggrek Mall via a sky bridge. In addition to top-end apartments, Taman Anggrek Residences has three floors of retail facilities to meet the daily needs of residents, including supermarkets, cafes, restaurants, a 24-hour clinic, and a drugstore. Among other amenities, the site will also feature a clubhouse with indoor and outdoor swimming pools, a garden, a jogging track, and a children's playground.

KONE will install 42 energy-efficient KONE MiniSpace(TM) elevators, 15 KONE MonoSpace® machine room-less elevators, and three KONE TravelMaster(TM) escalators. All the equipment will be linked through the KONE E-Link(TM) remote monitoring system, which provides real-time equipment performance status updates and facilitates rapid resolution deployment to ensure operational quality.

"KONE has a good working relationship with Agung Sedayu Group and we are excited to have be chosen for their latest development," says Neeraj Sharma, Executive Vice President for KONE Asia-Pacific. "Our experience of working with Agung Sedayu Group gave us the insight to understand their specific needs and to provide the best possible solutions to meet the requirements of this prestigious project."

Taman Anggrek Residences is developed by Agung Sedayu Group and is expected to be completed in December 2017. KONE is currently also working with Agung Sedayu Group for District 8, a commercial and residential use development in Jakarta's business district in Indonesia.

The order was booked in the first quarter of 2016.

Previous press releases on KONE's orders are available at www.kone.com/press including:
May 19, 2016: KONE wins order for twin tower development in Indonesia
August 5, 2015: KONE wins order for Sky Park, a mixed development in Cyberjaya, the "Silicon Valley" of Malaysia
April 14, 2014: KONE wins an order for a multiuse complex District 8 in Jakarta's financial center in Indonesia

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

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com