KONE wins order to equip JiNan PingAn IFC tower in China

Press Release Published 26/09/2019

KONE Corporation, press release, September 26, 2019

KONE Corporation, a global leader in the elevator and escalator industry, will deliver elevators and escalators to JiNan PingAn IFC, a new mixed-use development in the capital of Shandong province in eastern China. Rising up to 360 meters and comprising 70 storeys, JiNan PingAn IFC will become the second highest building in Jinan and include office space, a hotel, and a high-end shopping center.

JiNan PingAn IFC is located in the Jinan Central Business District. Once finished, it is expected to accelerate the development of the area as well as to further enhance the image of the city.

To ensure safe and smooth people flow, KONE will deliver 44 KONE MiniSpace® elevators, 16 KONE MonoSpace® elevators, and 14 KONE TravelMaster110® escalators to the new building. Additionally, the building will be equipped with KONE E-Link™ equipment monitoring system that will enable monitoring the performance of all of the elevators and escalators in real time from a single location. The contract also includes two years of standard maintenance.

"Jinan is a major political, economic, and cultural center in Shandong. We are proud to be part of the city's development and are very much looking forward to providing our solutions for this landmark building," says William B. Johnson, executive vice president, KONE Greater China.

The JiNan PingAn IFC project is expected to be completed in 2022 and it is being developed by Ping An Real Estate Co., Ltd. The architect is Hanjia Design Group Co., Ltd.

KONE booked the order in the second quarter of 2019.

For further information, please contact:
Hanna Rutanen, Director, External Communication, tel. +358 41 5071361, media@kone.com

Read more
Previous press releases are available at http://www.kone.com/en/news-and-insights/releases/ including:

July 16, 2019: KONE to equip Shanghai Metro Line 15
January 28, 2019: KONE wins order for first phase of the Shanghai Metro's Line 18
August 30, 2018: Another metro win for KONE in China with deal to equip Wuxi Metro line 3
July 10, 2018: KONE wins order for 107 escalators and elevators for Ningbo Metro Line 4 in China

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 2018, KONE had annual net sales of EUR 9.1 billion, and at the end of the year over 57,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

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