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KONE Reports Strong Order Intake in U.K.

Press Release Published 17/09/2002

KONE has booked a significant number of noteworthy orders in the U.K., spread across elevator, escalator and door operations.

KONE has booked elevator orders for Moor House and Wellcome Trust. Moor House is a Greycoat Victoria joint-venture development with Hammersons and Henderson. The 20-story building has been designed by Foster & Partners and will be built by Skanska on a prime site in the City of London. KONE will supply 15 elevators, including nine KONE MiniSpace™ and three KONE MonoSpace® elevators. The Wellcome Trust's new head office will be located opposite Euston Station. MACE Ltd is the main contractor and Michael Hopkins & Partners the architect. The building will have 16 KONE elevators including eight KONE MiniSpace™ elevators, some of which are scenic units, and three KONE MonoSpace® elevators.

Under our framework agreement with the BAA, KONE has been awarded the first of five projected pier segmentation projects planned for Heathrow and Gatwick Airports. The order is for nine heavy-duty escalators, five heavy-duty autowalks and 10 KONE MonoSpace® elevators for Gatwick South Terminal. The second project, which is to be placed with KONE by the end of the year, involves 10 escalators, five autowalks and 12 KONE MonoSpace® elevators for Heathrow Terminal 3. The remaining three projects are expected to be awarded during 2003-4. Once in service, these units will be added to KONE's maintenance portfolio under the terms of the framework agreement.

Konematic increased its number of doors under maintenance contract by more than 900 since the beginning of August, thanks to four big orders. BAA has placed 182 fire doors under Konematic maintenance. BSS, a chain of plumbing stores, has contracted for service for 220 doors. Adams, a chain of shops specializing in children's clothing, has contributed 169 units to Konematic's maintenance base. Finally, House of Frazer, a department store, has added 335 doors to Konematic's total number of units under maintenance contract.