KONE Delivers Elevators to Bangkok’s Tallest Residential Building

KONE has won an order for the supply and installation of all the elevators in a prestige condominium development in Bangkok, Thailand, called the MET.

When completed, the MET will be the tallest residential building in Bangkok. The installation of the elevators will start in September 2007 and is estimated to be completed by the end of 2008.

The delivered units include 21 KONE MiniSpaceTM and two KONE MonoSpace® elevators, which are powered by the environmentally-friendly KONE EcoDiscTM hoisting machines. When installed, the KONE MiniSpaceTM elevators will travel at a speed of 5.0 m/s and 6.0 m/s.

The MET is located in the Central Business District (CBD) of Bangkok. The 66-story development offers luxury apartments for high quality life-style living and a variety of leisure facilities. In 2006, the MET was granted the best of the tall building category award by The World’s Property Market, MIPIM.

The developer of the MET is Pebble Bay (Thailand) Co., Ltd. The company belongs to the Singapore based Hotel Properties Limited (HPL), which is an international company renowned for developing and managing world-class hotels, properties and businesses. It is recognized globally for its exacting standards of excellence, innovation, and attention to detail with an extensive portfolio of hotel, lifestyle, retail and residential interests that span ten countries.

Sender:

KONE Corporation

Pekka Kemppainen
Executive Vice President,
Area Director, Asia-Pacific

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501

Further information on the MET:
The MET
The Developer

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.

www.kone.com