KONE wins order for tower complex in Beijing's Lize Financial Business District

KONE Corporation, press release, May 30, 2016

KONE, a global leader in the elevator and escalator industry, has won an order for 87 elevators to be installed in the four towers of a mixed-use building complex under construction in Beijing's imminent Lize Financial Business District in China.

Built on 52 hectares of land, three of the towers will house Grade A offices while the fourth will include a five-star hotel, high-end decorated apartments and a shopping mall. Seventy-six KONE MiniSpace(TM) elevators and 11 KONE MonoSpace® elevators will enable smooth people flow in all of the towers, which range in height from 120 meters to 200 meters. The KONE E-Link remote monitoring system will provide real-time information on equipment status and performance.

"Beijing is a thriving city, and Lize is the latest area to be developed. We are proud to improve the flow of urban life in this up-and-coming financial district," said William B. Johnson, Executive Vice President for KONE Greater China.

The towers are expected to be completed in 2018. The developer of the project, which was contracted by China Construction Second Engineering Bureau Ltd., is Beijing Capital Land Ltd. The project architect is Gensler Architecture and the designer is Benoy Ltd.

The order was booked in the second quarter of 2016.

Previous press releases are available at www.kone.com/press including:
May 16, 2016: KONE to improve flow of urban life at Liuzhou Poly International Center in China
February 25, 2016: KONE wins order for the upcoming Taikang Mansion high-rise in Beijing 
January 11, 2016: KONE to provide elevators for high-end residential towers in Liuzhou, China

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com