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KONE wins an order to supply 46 Chinese railway stations

KONE has won a major order to supply 178 KONE MonoSpace® elevators and 226 KONE TransitMaster(TM) escalators to 46 railway stations across China. The stations are on nine lines of China's national high-speed network connecting cities in eight provinces.

KONE's heavy-duty escalators are designed to meet the heavy People Flow demands of mass transit. The good track record of KONE's equipment, the delivery and maintenance systems have been recognized by the Ministry of Railways with this large-scale order.

"We are honored to be chosen by the Ministry of Railways to provide our equipment for another significant infrastructure project," says Noud Veeger, EVP and Area Director of KONE Asia Pacific. "KONE is proud to contribute to smoother people flow across the country by providing world-class eco-efficient solutions, in line with China's recently published sustainability targets."

China has been rapidly expanding its high-speed railway network as it is seen as an eco-efficient way to boost the expansion of China's transportation system. This latest project will develop the Central Region as well as the Yangtze River Delta and the northern Bohai Bay economic zones. KONE's solutions will be installed as far north as Hailar in Inner Mongolia and 3,000 kilometers south in the coastal city of Zhuhai in Guangdong Province.

KONE will start installing the elevators and escalators in April 2011 and the stations are scheduled to open in 2012.  The order was booked in Q1 2011.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775

Previous press releases on KONE's infrastructure orders in China are available at www.kone.com/press including:
- April 16, 2010, KONE wins an order for China's fourth largest airport
- December 30, 2009, KONE wins an order for two Beijing Subway lines
- May 25 2009, KONE wins important order for China's national high-speed railway project

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.


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