KONE to provide elevators for high-end residential towers in Liuzhou, China

Press Release Published 01.11.2016

KONE Corporation, press release, January 11, 2016

KONE Corporation, one of the global leaders in the elevator and escalator industry, will equip three new high-end residential towers for the new Diwang International Fortune Center Building complex in Liuzhou, southern China. The development will be located at No. 10 Guangchang Road and will consist of three towers, one reaching 215 meters, with the other two standing both at 191 meters. The new towers are set to be completed at the end of 2016.

KONE will supply 38 elevators for the project, including two KONE MonoSpace® and 36 KONE MiniSpace(TM) elevators that will carry up to 3,000 residents to their apartments every day once the development stands ready.

The developer, Guangxi Royal Plaza Investment Group, and KONE have worked together previously, with customer satisfaction in 2013 helping KONE win the tender for this order.

"This is an impressive order for KONE and we are thrilled to collaborate once again with the Guangxi Royal Plaza Investment Group on this project," says William B. Johnson, Executive Vice President for KONE Greater China.

The order was booked in the fourth quarter of 2015.

Previous press releases on KONE's orders are available at www.kone.com/press, including:

October 14, 2015: KONE wins an order for Tianjin Luneng Lvyinli, a mixed development project in China

October 6, 2015: KONE wins impressive order for Nanjing Qing Ao Center Tower 2

July 3, 2015: KONE to equip Hangzhou's Ping An Financial Center in Zhejiang Province, China

For further information, please contact:

Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330. media@kone.com

About KONE

KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2014, KONE had annual net sales of EUR 7.3 billion and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.


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