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KONE Wins Beijing Airport Extension Order

Press Release Published 26/10/2005

KONE has been awarded an order to provide approximately 190 elevators, escalators and autowalks for the new Terminal 3 building in the Beijing Capital Airport.

The airport extension is part of the Beijing’s massive infrastructure development in anticipation of the 2008 Olympics. The total value for the delivery exceeds EUR 10 million.

"China is the world's fastest growing market today. Our success in winning the Capital Airport contract demonstrates the market’s trust in KONE´s expertise and delivery capability in China. Since opening the Kunshan factory in 1998, KONE has established itself as a major competitor in the Chinese domestic market, thanks, in part, to the success obtained by KONE’s environmentally friendly machine-room-less technology”, comments Executive Vice President Pekka Kemppainen.

The first deliveries to Beijing Capital Airport’s Terminal 3 will take place during the summer of 2006, and all installation work is scheduled for completion by the end of October 2007.

Sender:

KONE Corporation

For further information, please contact:
Pekka Kemppainen, Executive Vice President, Area Director, Asia Pacific,
tel. +852-2786-6684

KONE is the world’s fourth largest elevator and escalator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.

www.kone.com