KONE wins order for tallest building in Guangxi Province, China

December 27, 2013

KONE Corporation, press release, December 27, 2013

KONE has won an order to provide 36 eco-efficient elevators and four escalators to Liuzhou Diwang International Fortune Center in China. The four-building mixed-use development will be located in the center of Liuzhou, a major industrial city in the southwest of China. When it is completed at the end of 2014, the 303-meter-high tower will be the tallest building in Guangxi Province. Most of the floors of the tower building will be dedicated to a five-star hotel, high grade offices, and a restaurant.

The order includes 15 KONE MiniSpace(TM), 13 KONE 3000 MiniSpace(TM), eight KONE 3000S MonoSpace® elevators, and four KONE TravelMaster(TM) escalators. These industry-leading solutions will offer passengers premium ride comfort and enhanced eco-efficiency while traveling within the 72-story building. In addition, seven of the KONE MiniSpace(TM) elevators will be traveling at speeds of 7 m/s to ensure convenient access to the top floors of the skyscraper. The order also includes a 10-year contract for the maintenance of the equipment.

"We are pleased that our team's continuous communication with the customer led to this impressive order to supply people flow to the tallest building in Guangxi Province. KONE's growth in China has expanded from what we call tier one cities, such as Shanghai, to emerging tier two and tier three cities such as Liuzhou," said William B. Johnson, Executive Vice President for KONE Greater China.

The development has been designed by Guangxi Hualan Design & Consulting Group and the main contractor is Zhongqiao Real Estate Development Co. Ltd. This order further strengthens the relationship with the customer. KONE has already supplied the elevators and escalators to the podium building of the International Fortune Center.

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

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

- Nov 15, 2013: KONE to deliver people flow solutions to 10-tower mixed-use development in Wuhan, China
- Sep 6, 2013: KONE to supply elevators and escalators to Luneng Lingxiucheng commercial complex in Shandong province, 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.