KONE wins a second order for the Marina Bay SandsTM Integrated Resort project in Singapore

Press Release Published 22/05/2008

After securing an order for the Marina Bay SandsTM Integrated Resort’s three soaring 56-storey hotel towers in Singapore last February, KONE won a second order for this impressive project. The order comprises 88 elevators operating in the development’s convention and exhibition center, retail space, ArtScience Museum, two theatres and casino.

With an approximate value of EUR 13 million, the second order raised the total monetary contract value for this project to over EUR 40 million. The two orders also make KONE the largest vertical transportation supplier in the project.

“This uniquely prestigious and demanding project highlights KONE’s capability to provide a full range of solutions from luxury high-rise to heavy freight use, all powered by the KONE EcoDisc® hoisting machine,” says Pekka Kemppainen, KONE EVP and Area Director for the Asia-Pacific region. “Thanks to KONE’s EcoDisc® technology, we are able to provide the leading Eco-efficient™ solutions on the market today.”

With an impressive architecture designed by the visionary Moshe Safdie, the Marina Bay Sands™ will deliver world-class experiences in meetings and conventions, dining, shopping and entertainment under one roof. The Marina Bay Sands™ is being developed by Marina Bay Sands Pte. Ltd., a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), Asia’s leading developer of premium integrated resorts and the Meetings, Incentives, Conventions and Exhibitions (MICE) industry leader of the United States.

About KONE

KONE’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. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.


For further information, please contact:

Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501

2008-05-22 KONE wins a second order for the Marina Bay SandsTM Integrated Resort project in Singapore

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