KONE wins an order to supply Beijing's first maglev line

January 19, 2012

KONE Corporation, press release, January 19, 2012

KONE has been selected to deliver 71 escalators and 40 elevators to Beijing's first magnetic levitation train line. The order includes 71 KONE TransitMaster(TM) escalators and 40 KONE MonoSpace® elevators for eight stations along the S1 line. The 20-kilometer low-noise line will be located in the less developed western parts of Beijing.

"We are honored to be a part of easing the traffic congestion and improving People Flow® in western Beijing. KONE's expertise of People Flow in mass transit has already been widely received in infrastructure projects in China, for example in such stunning architectural masterpieces as Beijing Capital Airport T3 Terminal, Beijing-Shanghai High-speed Railway and Hongqiao Integrated Transportation Hub," says William B. Johnson, Managing Director of KONE China.

The maglev line is expected to open for operation in 2013. The order was booked in the fourth quarter of 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 15, 2011, KONE wins an order to supply 46 Chinese railway stations
- 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

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.