KONE to modernize elevators to improve access to six busy London Underground stations

January 03, 2014

KONE Corporation, press release, January 3, 2014

KONE, a leader in the elevator and escalator industry, has won an order to fully replace fifteen elevators and modernize a further four elevators at six busy London Underground stations. This order comes as part of the Tube improvement plan.

The customized KONE MiniSpace(TM) elevators equipped with KONE EcoDisc® hoisting machines will carry up to 50 persons at a time from the street level to the station platform. For example at Bank station, KONE's new elevators will carry over 4,000 people per hour, meeting the demands of smooth People Flow at peak times. All the elevators will be fitted with the KONE E-Link(TM) remote monitoring system to ensure high availability of the equipment.

"We have a long-standing relationship with the London Underground, and we are pleased to continue to improve the commuter experience in the Tube. Modernizing these elevators will increase their reliability and minimize disruption to commuters in one of the world's busiest metro systems," says Michael Williams, Managing Director for KONE Great Britain.

The first elevator upgrade will begin at the Gloucester Road station in 2014, with the final elevators to be installed at Lambeth North in 2017. The contract will also include the preventive maintenance of the equipment until 2034, and modernisation packages when the need for upgrades arise. KONE's dedicated team currently maintains 150 escalators and 45 elevators, which accounts for a third of the London Underground's equipment base.

The order was booked in the fourth quarter of 2013.

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

Previous press releases on KONE's orders are available at www.kone.com/press including:
- October 1, 2012 KONE to supply the elevators to new Crossrail stations in central London

Read more about KONE and the London Underground in issue 9 of People Flow magazine

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 modernisation 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 urbanising environment. In 2012, KONE had annual net sales of EUR 6.3 billion and around 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.