KONE wins an order for Portugal’s biggest shopping mall

Press Release Published 18/03/2008

KONE was awarded a contract to supply all elevators and escalators for the new Dolce Vita Tejo shopping center near Lisbon in Portugal.

The project will form part of the largest commercial area in Portugal and will set new standards for a next generation of shopping centers. The Dolce Vita Tejo shopping mall will feature a gross rentable area of 122,000 square meters and will count as Portugal’s largest shopping center once it is completed. The shopping center will have 300 stores, a giant hypermarket, a cinema complex and Portugal’s largest car park. It will also host Europe’s first KidZania, a global chain of entertainment and education centers for kids. The Dolce Vita Tejo complex will be the first shopping center in the world to use transparent roofing, similar to the one that was tested at Bayern-Munich’s new football stadium in Germany and at Eden Park, a science park in London.

The order includes the delivery and installation of 22 machine-room-less KONE MonoSpace® elevators, 55 escalators and 24 ramps. Installation of the equipment is scheduled to begin in August 2008 and is estimated to be completed in April 2009.

The project is owned and developed by Chamartín Imobiliária in partnership with ING Real Estate. Dolce Vita is a Chamartín Group brand for shopping centers that combines leisure zones and business opportunities.

About KONE

KONE is one of the world’s leading elevator and escalator companies. It provides customers with industry-leading elevators, escalators and innovative solutions for maintenance and modernization. KONE also provides maintenance services for automatic building doors. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. Its 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)50 384 9440 or +358 (0)204 75 4501

2008-03-18 KONE wins an order for Portugal’s biggest shopping mall

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