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KONE Wins Further High-Rise Projects in Moscow

Press Release Published 18/06/2007

KONE has won an order to supply all the elevators and escalators for two new high-rise buildings with KONE destination control systems in Moscow, Russia.

The Imperia Tower is part of the Moscow International Business Center known as Moscow-City. Additionally, KONE will supply elevators to the White Square Office Centre located on Lesnaya Street in central Moscow. The orders include a total of 53 elevators and 2 escalators. Both projects were signed with the well-known Turkish construction giant ENKA.

“The construction activity in Russia is evident in all segments and the retail market is among the fastest growing segments”, says Klaus Cawén, KONE’s Executive Vice President. “KONE is looking forward to new major projects in the Moscow area now that new recreation and office complexes are continuously being constructed around the city center. We are especially glad to be involved in the Moscow-City project, which will add more than two million square meters of modern commercial space in Moscow.”

Moscow-City involves 18 high-rise projects with multi-functional buildings. Earlier, KONE has been chosen to provide elevators and escalators for the Naberezhnaya Tower project and for the twin-tower project named Capital City.

The Imperia Tower in Moscow-City comprises office, apartment and hotel components. It rises 60 stories from the ground and includes 5 floors of underground facilities. The White Square Office Center comprises three separate class A+ office buildings with a common 3-level underground car park. Imperia Tower is expected to be completed within the first quarter of 2009 and White Square Office Centre within the third quarter of 2008.

Sender:

KONE Corporation

Klaus Cawén
Executive Vice President,

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501

KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators, with innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and approximately 29,000 employees. Its class B shares are listed on the OMX Nordic Exchange in Helsinki, Finland.

www.kone.com