KONE partnership with MTR – KONE wins an order for Hong Kong’s Express Rail Link

Press Release Published 10/10/2011

KONE has been awarded an order to supply 139 elevators and five dumbwaiters to Hong Kong’s Express Rail Link project by the MTR Corporation. Altogether 117 elevators will be installed at the new West Kowloon terminus station. KONE’s elevators will ensure the smooth flow of people and goods in the four-level terminus station where an estimated 99,000 travelers will pass through daily.

"We are thrilled that our partnership with MTR has further developed by working together on the new Express Rail Link project. It is the result of close collaboration, mutual trust and shared values on safety, quality, service and environmental awareness, and follows on from the earlier award of the West Island Line project with MTR. We very much look forward to working together with them in the future," says Noud Veeger, EVP and Area Director of KONE Asia Pacific.

The 26-km long Express Rail Link will be running at high speeds in dedicated underground tunnels which will connect Hong Kong with the 16,000 km of mainland China’s high-speed railway network. It will carry an estimated 10,000 passengers per hour when completed in 2015. KONE currently maintains more than 1,000 elevators and escalators in the existing MTR network.

The order was booked in Q3 of 2011.

For further information, please contact:

Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

Previous press releases on KONE’s rail orders in Hong Kong and China are available at www.kone.com/press including:

- April 15, 2011, KONE wins an order to supply 46 Chinese railway stations

- December 22, 2010, KONE wins an order for Hong Kong metro extension

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 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.


2011-10-10 KONE partnership with MTR – KONE wins an order for Hong Kong’s Express Rail Link

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